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Carl and Dorothy-Helen Huprich raise Arabian horses for breeding and selling. In 1989, they purchased corn from farmer David Bitto to feed to their horses after having it tested for aflatoxin, a toxin often present in horse feed. The sample tested negative, so the Huprich purchase a large amount of feed. Soon after they began feeding their horses the corn, two died and a third soon fell ill and died as well. The Huprichs begin to suspect that corn was the culprit after another two horses died and a veterinarian confirmed that the horses had died from leukoencephalomalacia, a fatal brain disease that results from the toxin fumonisin B-1. This toxin grows on mold known as Fusarium monoliforme, a mold often present on feed corn. The huprichs sued Bitto, alleging breach of implied warranty of merchantability. Should they win on this claim?
[Huprich v. Bitto, 667 So. 2d 685; 1995 Ala. LEXIS 307; CCH Prod. Liab. Rep. P14, 267; 28 U.C.C Rep. Serv. 2d (Callaghan) 526.]
Lang Industrial Systems Company (LISC) is trying to decide between two different conveyor belt systems. System A costs $212,000, has a four-year life, and requires $68,000 in pretax annual operating costs. Calculate the EAC for both conveyor belt sys..
The interest rate on a2 rated bonds was now 6%. $30million 15yr bond issue is outstanding and was initially issued at 9% 5yrs ago. Barton is considering refunding the bond issue. compute price of old bonds in open market, using the valuation procedur..
Siva, Inc., imposes a payback cutoff of three years for its international investment projects. What is the payback period for both projects? Which project should the company accept?
indirect effects on project cash flow1. nbspprovide an example of a sunk cost from your firm.2. nbspprovide an example
You borrow $50,000 5 year loan to make renovations to a house. The interest rate on this loan is 8% per year. The loan calls for equal monthly payments. What is the monthly payment on this loan?
Your firm is contemplating the purchase of a new $600,000 computer-based order entry system. The system will be depreciated straight-line to zero over its five-year life. It will be worth $64,000 at the end of that time. You will save $230,000 before..
Firm C currently has 320,000 shares outstanding with current market value of $33 per share and generates an annual EBIT of $1,500,000. Firm C also has $1 million of debt outstanding. What is the current market value of the firm? What will the estimat..
A company has cash of $500, accounts receivable of $200, and inventory of $400. The company also has current liabilities of: accounts payable $300 and notes payable $600. What is the company's current ratio?
What is the net present value of a commercial real estate investment with the following cash flows, if your required return is 12% of similar risk investments? The cost of retail storefront project is $250,000 but expect to be able to sell it after 7..
Company B has a total asset turnover of 6.91 and a net profit margin of 14.29 percent. The total asset to equity ratio for the firm is 2.0. Calculate the company’s return on equity.
After six months go by, you receive the first interest payment of $300. The annual market interset rate has declined to 5 percent and you decide to sell the bond. What is the bond's present value when you sell it? show your work.
The terms of the sale were 4/9, net 36. What is the effective annual rate of interest?
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