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An engineer had formerly been involved with manufacturing nuclear reactor parts that were to be put into US Navy vessels. However, he was fired after superiors heard he had been complaining to coworkers about quality control problems he felt he had observed. His superiors determined that these complaints were probably breaking the company's Navy contract. Subsequently, the engineer was fired. The engineer brought suit against the company for wrongful discharge in 2005. However, he brought suit in federal court. His reasoning for suing in federal court was that the firing violated two federal statutes. Both statutes banned the submission of untrue claims to the military or federal government. Generally, these statutes concern fraud in government contracting, although the engineer felt that his firing could be loosely linked to government statutes. A wrongful discharge suit, however, is generally subject to state law. Therefore, the company attempted to move the suit from the federal court to a state court, arguing that the federal court had absolutely no jurisdiction over the case. Which court has jurisdiction? Support your answer.
Compute the amount of the bonus payable to the employees at year-end.
Summerdahl Resorts common stock is currently trading at $36 a share. The stock is expected to pay a dividend of $3.00 a share at the end of the year (D1=$3.00, and the dividend is expected to grow at a constant rate of 5% a year. What is the cost ..
What is the liquidity premium (LP) on Keys' bonds?
Describe and discuss the concept of ethics, please give an example.
A company's perpetual preferred stock currently sells for $92.50 per share, and it pays an $8.00 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 5.00% of the issue price. What is the firm's co..
Can you please show me how to solve the following problems in M.S. excel? Please note that Present Value stands for present value.
Alcoa recently announced a new dividend policy. The firm said it would pay a base cash dividend of 40 cents per common share each quarter. For what types of firms would Alcoa's new dividend policy be appropriate? Explain.
What is the current book value after the third year? If Jones sells the equipment today for $184,000, and its tax rate is 35%, what is the after-tax cash flow from selling it?
The Green Giant has a 6 percent profit margin and a 60 percent dividend payout ratio. The total asset turnover is 1.3 and the equity multiplier is 1.6. What is the sustainable rate of growth?
K&k Corporation had the following results for this year: Sales of $20,000; assets of $10,000: Current liabilities of $200; Return on Sales of 10 percent.
Depending upon the state of the economy, Ables Manufacturing Corporation expects to sell the following number of prefabricated buildings. The probability of each state is indicated.
APR with monthly payments. After he has made the first 20 payments, how much is the outstanding principal balance on his loan?
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