Which type of venture primarily has an economic market impact and social venture mission?
a. traditional venture
b. social purpose venture
c. social consequence venture
d. enterprising nonprofit venture
b. social purpose venture
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As of December 31, Year 1, Gant Corporation had a current ratio of 1.29, quick ratio of 1.05, and working capital of $18,000. The company uses a perpetual inventory system and sells merchandise for more than it cost. On January 1, Year 2 Gant paid $3,600 on accounts payable. Which of the following statements is incorrect?
A. Gant's working capital will remain the same. B. Gant's quick ratio will increase. C. Gant's quick ratio will increase and its current ratio will decrease. D. Gant's current ratio will increase.
Explain Modigliani and Miller's argument that hedging is irrelevant. What are the most likely violations of Modigliani and Miller's assumptions in actual markets?
What will be an ideal response?
Mark McCormick is planning to buy a home by making a $12,000 down payment. He will finance the remaining $110,000 of the home's selling price with a 25 year mortgage at a 7% rate. His monthly mortgage payment will be $777.46. How much will Mark have paid at the end of the 25 year mortgage?
Pettit Company purchased heavy equipment by giving the seller a $30,000 cash down payment and a 5-year interest-bearing note for the $170,000 balance of the price. Compute Pettit's book basis and tax basis in the equipment.
A. Book basis $200,000; tax basis $30,000 B. Book and tax basis $200,000 C. Book and tax basis $30,000 D. Book basis $30,000; tax basis $170,000