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Wilbur, who has had difficulty making up his mind for most of his 29 years, was sitting around on Sunday with some of his friends. At one point, he says, "I'm going to try to sell my car, and if I get an offer close to $9,000 I'm going to take it." Andy, one of the friends, thinks to himself that this might be a good deal. The following events occur later that same week:Wilbur arranges with the local newspaper for an advertisement to run beginning on Saturday which will say, "1999 Honda Prelude, excellent, 1st $8,000 takes it. See it at 1902 Maple Street." Andy delivers a note to Wilbur, which Wilbur reads later on Tuesday. The note says, "I'll take your car for $9,000" and is signed by Andy.Wilbur thinks he may have under-priced the car and calls the paper to cancel. It is too late to make changes for Saturday so the ad runs. A new ad will start Sunday that does not mention a price but he expects that the car should bring close to $10,000.Bob shows up with $8,000 in hand to buy the car. Wilbur refuses to sell the car to Bob.Andy and Bob each separately sue Wilbur wanting to force him to sell the car claiming that a contract has been formed.Discuss separately each case and how it might come out, including the arguments the parties would most likely raise.
Zhdanov Inc. forecasts that its free cash flow in the next two years will be, Year FCF t=1 -$10 million t=2 $20 million After Year 2, FCF is expected to grow at a constant rate of 4% forever.
An offering of 699,029 shares will be sold at $15.45 to provide approximatey 10.8 million. What dollar return on the net proceeds of the offering must be earned to bring earnings per share up to 1.03?
The People Power Corporation currently has a common stock selling for $15 per share. Warrants are also available. Three warrants entitle the holder to buy one share of common stock for $9.
visit a financial institution and obtain details of loan applications. what information is the consumer given about the
The Jackson-Timberlake Wardrobe Co. just paid a dividend of $1.55 per share on its stock. The dividends are expected to grow at a constant rate of 6 percent per year indefinitely. Investors require a return of 14 percent on the company's stock.
Assume that the past growth rate will continue. Round your answer to the nearest cent. What is Radon's cost of equity, rs?
You have just been hired by Hewlett Packard (HP) in its capital budgeting division. Your first assignment is to determine the net cash flows and NPV of a proposed new type of portable computer similar in size to an iPhone, but which has the op..
computation of cost of sales at given level of finished inventory.domo corporation reported the following data in
The basket of goodies expenses $300, and is expected to cost $515 next year. The real rate of interest is 2%. Our company, Basic, Inc. has a bond risk premium of 2.5 percent and a preferred stock risk premium of 3 percent.
Computation net present value and payback period and draw the net present value profiles for both projects on the same set of axes
Assuming no charge in E(the proportion of deposits that banks want to hold as excess reserves), and no charge in cash held by the public, what will be the new money supply in Zamboa ultimately be,following the central bank's action?
Does The American Red Cross receive or has ever received earmark grants?
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