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Ann, aged 14, signed a three-year contract with Ted in order to learn ballet dancing. The terms of the contract stated that: a Ted would teach Ann ballet dancing to the best of his ability free of charge; b during the three-year period, Ann could not accept stage engagements other than those under Ted; and c Ted could employ Ann to perform on stage, but was not bound to do so. Ann accepted a stage engagement from Bill, as her income from Ted’s employment was insufficient for her support. Ted wishes to sue Ann for breach of contract. Advise him.
The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 16 percent a year for the next 4 years and then decreasing the growth rate to 5 percent per year. What is the current valu..
The American Baker’s Association reports that annual sales of bakery goods last year rose 15 percent, driven by a 50 percent increase in the demand for bran muffins. Most of the increase was attributed to a report that diets rich in bran help prevent..
Distinguish between operating leases and financial leases. Would you be more likely to find an operating lease employed for a fleet of trucks or for a manufacturing plant? Explain
If you assume that the interest rate is 10% (which means that after you get the money, it will be invested and you will get 10% interest from it), how much money will you have in 4 years.
A firm producing poultry feed finds that the total cost C in dollars for producing and selling x units is given by C = 20x + 100. Management plans to charge $24 per unit for the feed. Graph the cost function and the revenue function together to show ..
intended learning outcomes 1. evaluate the performance of a company using various financial analytical tools.2.
A business purchases depreciable equipment for 203, and sells it a few years later for 143. At the time of the sale, accumulated depreciation totals 103. If the compnay's tax rate is 37, what is the total after tax cash flow that will result from sel..
Calculate the expected return on an asset that has the following probable returns:
You have $14,658.34 in a brokerage account, and you plan to deposit an additional $4,000 at the end of every future year until your account totals $280,000. You expect to earn 14% annually on the account. How many years will it take to reach your goa..
Write an equation that defines the yield to maturity on this bond. - If you have the right kind of calculator or software, calculate the yield to maturity.
Becky Fenton has 70/140/80 automobile insurance coverage. If two other people are awarded $115,000 each for injuries in an auto accident in which Becky was judged at fault, how much of this judgment would the insurance cover?
Joe has a son and a wife. His wife is not the mother of his son. He wants to write his will so that they will be treated equitably. The son is currently 10 years old. In his will, Joe provides that $100,000 will be used to invest at the then-current ..
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