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1. How has Britain's membership of the European Community affected the English legal system?
2. What are the advantages and disadvantages of the doctrine of judicial precedent?
3. Which of the following business organisations have been formed by registration?
(a) Wilkinson-Brown & Co, Chartered Accountants;
(b) Mammoth plc;
(c) The United Kingdom Atomic Energy Authority;
(d) Small Ltd.
4. 'A registered company is a juristic or legal person and is therefore a legal entity distinct from its members.' Explain this statement and state two advantages of incorporation showing how these advantages depend upon corporate personality.
McKenna Sports Authority is getting ready to produce a new line of gold clubs by investing $1.85 million. The investment will result in additional cash flows of $525,000, $847,500, and $1,230,000 over the next three years. What is the payback period ..
A company has dividend of $2 per share, earnings per share of $8 and plowback ratio of 75%. What is the payout ratio?
Pension plans characterized by only what will be contributed to the plan is a(n) _____ plan.
Santa Cruz community hospital is considering investing $90,000 in new laundry equipment to replace its present equipment, which is completely depreciated and outmoded. Salvage value of the present equipment is expected to be zero. Assuming that Santa..
FITCO Inc. is a Pharmaceutical company which is considering investing in a new equipment for the production of pain-reliever machine for individuals who suffer from cardio vascular diseases. Calculate the initial outlay of the project (no. units and ..
Consider a project to supply 100 million postage stamps per year to the U.S. Postal Service for the next five years. You have an idle parcel of land available that cost $1,900,000 five years ago; if the land were sold today, it would net you $2,100,0..
What is the yield to maturity on a Treasury STRIPS with 10 years to maturity and a quoted price of 58.353? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)
The current price of oil is 32 per barrel and the 6- month forward is $30.75. The continuously compounded risk-free rate is 2%. What is the annualized lease rate for this oil contract?
Regulators put great pressure on banks to reduce their common dividend payments when asset problems appear. Discuss the costs and benefits of cutting dividends.
Immediately after a hurricane, it is likely that the quantity demanded for tree cutting/removal services will ______ the quantity supplied, causing the price of tree cutting/removal services to ______. The question of who pays the greater amount of a..
Saul Cervantes has just purchased some equipment for his landscaping business. For this equipment he must pay the following amounts at the end of each of the next five years: $9,722, $10,682, $14,734, $8,892, and $12,034. If the appropriate discount ..
security a has a beta of 1.0 and an expected return of 12. security b has a beta of 0.75 and an expected return of 11.
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