Stan has agreed to sell a warehouse to Ed for $150,000. The contract says that Stan will convey to Ed whatever interest he has in the property, but does not state that he has any interest. Ed is to receive a(n) ____ deed
A) insurable
B) quitclaim
C) general warranty
D) special warranty
B
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Company A has break-even sales of 90,000 units and budgeted sales of 99,000 units. What is the margin of safety as expressed as a percentage?
A. 10.0% B. 9.09% C. 9.00% D. None of these answers is correct.
Large self-service retail stores that emphasize lower margins to get faster turnover-especially on "soft goods"-are called
A. department stores. B. mass-merchandisers. C. convenience food stores. D. single-line stores. E. specialty shops.
In Leegin Creative Leather Products v. PSKS, the Supreme Court held that maximum vertical price fixing controls that results in lower prices for consumers are legal
a. True b. False Indicate whether the statement is true or false
Which of the following statements is FALSE?
A) A firm's weighted average cost of capital, denoted rwacc, is the cost of capital that reflects the risk of the overall business, which is the combined risk of the firm's equity and debt. B) Intuitively, the difference between the discounted free cash flow model and the dividend-discount model is that in the divided-discount model, a firm's cash and debt are included indirectly through the effect of interest income and expenses on earnings in the dividend-discount model. C) We interpret rwacc as the expected return a firm must pay to investors to compensate them for the risk of holding the firm's debt and equity together. D) When using the discounted free cash flow model, we should use a firm's equity cost of capital.