A(n) ________ is illegal unless it is specifically authorized by state statute
a. unconscionable contract
b. gambling contract
c. adhesion contracts
d. bailment
b
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Identify the correct equation for calculating the present value of an investment. (Assume 'r' stands for rate of return and 'n' stands for number of periods interest is earned.)
A. Present value = Future value × (1 + r)n B. Present value = Future value + (1 + r)n C. Present value = Future value - (1 + r)n D. Present value = Future value / (1 + r)n E. Present value = Future value / ((1 + r) × n)
Decker EnterprisesBelow are the simplified current and projected financial statements for Decker Enterprises. All of Decker's assets are operating assets. All of Decker's current liabilities are operating liabilities. Income statementCurrent
Projected Salesna 1,500 Costsna 1,080 Profit before taxna 420 Taxes (25%)na 105 Net incomena 315 Dividendsna 95 Balance sheetsCurrentProjected CurrentProjectedCurrent assets 100 115 Current liabilities 70 81 Net fixed assets 1,200 1,440 Long-term debt 300 360 Common stock 500 500 Retained earnings 430 650 Based on the projections, Decker will have A. a financing surplus of $36 B. a financing deficit of $36 C. a financing surplus of $255 D. a financing deficit of $255 E. zero financing surplus or deficit
Given the following information about a corporation's current year activities, compute the retained earnings for the current year. Retained earnings, January 1 $342,000Cash dividends$51,700Stock dividends$40,000Net income$141,000
What will be an ideal response?
A persuasive message should
a. assume the reader sees the need for your solution b. describe a need and a solution from the reader's point of view c. describe a need but not a solution d. none of the above