Rescission advances the contracting parties to the position they would have been in if the contract had been fully executed.
Answer the following statement true (T) or false (F)
False
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A journal is commonly called
a. an account; b. a ledger; c. the book of original entry; d. the balance sheet; e. the cross-reference record
Burgess Corporation is considering purchasing equipment that costs $235,000. The equipment has an estimated useful life of 5 years and no salvage value. Burgess believes that the annual cash inflows from using the equipment will be $65,000. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.) Required:1) Calculate the net present value of the equipment assuming that Burgess's cost of capital is 12%. Is the equipment an acceptable investment? 2) Calculate the net present value of the equipment assuming that Burgess's cost of capital is 10%. Is the equipment an acceptable investment? 3) Based on your results to parts 1) and 2), estimate the internal rate of return for the investment in the equipment.
What will be an ideal response?
Experts say that we ignore, forget, distort, or misunderstand
A) less than 10 percent of everything we hear. B) 25 percent of everything we hear. C) 50 percent of everything we hear. D) 75 percent of everything we hear.
When lobby groups or NGOs challenge an organization on the social or environmental impact of their business practices, companies can use external partners as allies in improving their _______________
a. market position. b. fiscal health. c. morale. d. public image.