John calls his stockbroker and instructs him to purchase 100 shares of Microsoft Corporation
common stock. This transaction occurs in the
A) credit market. B) futures market.
C) secondary market. D) primary market.
C
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When a buyer breaches a contract, the seller:
A. must deliver the goods to the buyer anyway. B. may resell the goods covered by the contract. C. cannot reclaim goods in the possession of an insolvent buyer. D. need not give any credit to the buyer for any expenses the seller saved.
Causation in fact refers to a point along a chain of events caused by a negligent party after which this party is no longer legally responsible for the consequences of his or her actions.
Answer the following statement true (T) or false (F)
A ________ is a set of rules and data structures for organizing communication.
A. packet B. protocol C. codec D. cloud E. syntax
Stockinger Corporation has provided the following information concerning a capital budgeting project: Investment required in equipment$280,000 Expected life of the project 4 Salvage value of equipment$0 Annual sales$580,000 Annual cash operating expenses$420,000 Working capital requirement$30,000 One-time renovation expense in year 3$80,000 The company's income tax rate is 30% and its after-tax discount rate is 11%. The working capital would be required immediately and would be released for use elsewhere at the end of the project. The company uses straight-line depreciation on all equipment. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting.The total cash flow net of income
taxes in year 2 is: A. $90,000 B. $77,000 C. $133,000 D. $160,000