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Wilbur, who has had difficulty making up his mind for most of his 29 years, was sitting around on Sunday with some of his friends. At one point, he says, "I'm going to try to sell my car, and if I get an offer close to $9,000 I'm going to take it." Andy, one of the friends, thinks to himself that this might be a good deal. The following events occur later that same week:Wilbur arranges with the local newspaper for an advertisement to run beginning on Saturday which will say, "1999 Honda Prelude, excellent, 1st $8,000 takes it. See it at 1902 Maple Street." Andy delivers a note to Wilbur, which Wilbur reads later on Tuesday. The note says, "I'll take your car for $9,000" and is signed by Andy.Wilbur thinks he may have under-priced the car and calls the paper to cancel. It is too late to make changes for Saturday so the ad runs. A new ad will start Sunday that does not mention a price but he expects that the car should bring close to $10,000.Bob shows up with $8,000 in hand to buy the car. Wilbur refuses to sell the car to Bob.Andy and Bob each separately sue Wilbur wanting to force him to sell the car claiming that a contract has been formed.Discuss separately each case and how it might come out, including the arguments the parties would most likely raise.
Describe the term Bond valuation and what coupon rate should be set on the bond with warrants if the total package is to sell for $1,000
Using straight line depreciation, calculate depreciation expense for the first year.
The CEO of Smartphone Apps, LLC is making a loan application. Using the data below (only), make an Income Statement. Within this Income statement, include totals for Gross Margin,
Big Tom's stock is not expected to pay cash dividends for three years. In years 4, 5, and 6 the cash dividend will be $6 a year, and year seven to infinity the cash dividend will be $8 a year.
John Hsu desires to start the business in 10 years. He hopes to have $100,000 at that time to invest in the business. How much will he have to invest today to acomplish his target?
Assume a reuqired market rate of 10% is each case, what is the value of the equity share?
The firm purchase $500,000 of equipment during the year while increasing its inventory by $300,000 (with no corresponding increase in current liabilities). The marginal tax rate for Provo is 40 percent. What is Provo's cash flow from operations fo..
What is the short-run profit outlook for American refineries? What is the long-term profit outlook?
What is the length of Prestopino's cash conversion cycle and at a steady state in which Prestopino produces 1,500 batteries a day, what amount of working capital must it finance?
What would be the value of this bond if interest rates fall to 5% the day after it is purchased? If interest rates fell to 5% after one year, what would the bond be worth at that point?
1. which of the following statements is correct?a. typically a firmrsquos dps should exceed its eps.b. typically a
What is the monthly loan payment? Round your answer to the nearest cent. $ What is the loan's EFF%? Round your answer to two decimal places.
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