A local restaurant owner is considering expanding into another rural area. The expansion project
will be financed through a line of credit with City Bank.
The administrative costs of obtaining the
line of credit are $500, and the interest payments are expected to be $1,000 per month. The new
restaurant will occupy an existing building that can be rented for $2,500 per month. The
incremental cash flows for the new restaurant include
A) $2,500 per month rent.
B) $500 administrative costs, $1,000 per month interest payments, $2,500 per month rent.
C) $1,000 per month interest payments, $2,500 per month rent.
D) $500 administrative costs, $2,500 per month rent.
A
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On May 1, 2002, Marek received a telegram from Sergei offering to support him in his new construction project. On May 5, 2002, at 9:00 a.m., Sergei sends Marek a telegram attempting to revoke the offer. At 11:00 a.m. on the same day, Marek mails Sergei a letter attempting to accept the offer. At 11:30 a.m., Marek receives Sergei's revocation. Assume Marek and Sergei are both construction contractors and the custom in the construction business is to offer by telegram and accept by mail. Which of the following statements holds true in this situation?
A. Marek's acceptance would be effective only when Sergei reads the acceptance, which would then create the contract. B. The parties would have a contract because Marek used the means of communication impliedly authorized by trade usage. C. Sergei's revocation can make changes to the contract, though it reaches Marek after he sends the acceptance mail. D. The parties would not have a contract as Marek used a nonauthorized means of communicating his acceptance.
In a short essay, discuss corporate governance.
What will be an ideal response?
Describe how self-punishment and self-cueing are related.
What will be an ideal response?
Brandon goes to watch a newly released movie with his friends. In the theater, he takes a video recording of the entire movie through his smartphone and later releases the clip on the Internet where others can watch it free of cost. Brandon is involved in the act of _____.
A. phishing B. piracy C. infoanarchism D. hacktivism