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1. Mann bought a Lincoln Continental Mark IV automobile from Kilbourn American Leasing, Inc. for $6,500 cash. He received by mistake from Kilbourn a title certificate for a similar but different vehicle. Kilbourn later borrowed money from a bank and gave the correct title certificate for Mann's car to the bank as security for the loan. The bank claims that Mann does not have title to the car because he did not receive the title certificate. Was the bank correct? Why or why not? Explain.
2. Summarize the major legal concepts and issues involved in such car deals--the buying and selling of cars. Then give your informed comment on which legal issue or concept involved in car deals is most often misunderstood by consumers.
What is the Securities and Exchange Commission? How does it affect financial decision making? What constraints might it put on a company?
A business borrows $1,000, giving a note that requires repayment of the amount borrowed in two payments of $600 each, one at the end of each of the next two six-month periods.- Calculate the total interest on the note.
A health system has forecast net patient revenue in the first 3 months of the year as follows (figures in millions): January, $60; February, $80; March, $100. 60% of services are usually paid for in the month that they take place and 40% in the follo..
An investor pays income tax at 30% and is considering purchase of a 100, 11% bond which pays half-yearly interest, is redeemable at par in exactly 5 years and is quoted on the market at 102. calculate the net yield the investor would earn if the bond..
Assume that you are the chief financial officer at Porter Memorial Hospital. The CEO has asked to to analyze two proposed capital investments ----Project X and Project Y. Each project requires a net investment outlay of $10,000, and the cost of capit..
You have approached your local bank for a start-up loan commitment for $1,150,000 needed to open a car repair store.
According to the? dividend-discount model, what is the value of a share of Gillette stock if the? firm's equity cost of capital is 8.1 % ?
How much more do you need to save at the end of every year to reach your retirement goal?
Using the information in the table below, calculate the amount of the favorable price variance.
What value would MM now estimate for each firm? Find SL, and then show that SL + D = VL results in the same value as obtained in part a.
Robin wants to purchase 1,000 shares of Anatop, Inc., which is selling for $5 per share. Anatop does not pay dividends because all earnings are reinvested in the firm to maintain its successful R&D department. How much of her own money must Robin pro..
q1amanda white has started a domestic cleaning business spotless view cleaning svc. she started the business on 1st may
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