Free cash flow is cash flow from operations, less cash used to purchase fixed assets to maintain productive capacity and cash used for dividends
Indicate whether the statement is true or false
True
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Hart's Department Store was accused of deceptive promotion. Which of the following best explains what might have happened?
A) Hart's refused to advertise sale prices in the local paper. B) Hart's advertised a bargain price on an out-of-stock product. C) Hart's advertised a large price reduction from a phony high retail list price. D) Hart's used misleading labeling on certain products. E) Hart's exaggerated its package contents through subtle design.
To bid on a job, RoadCrew Construction Company relies on the oral promise of Surface Paving, Inc, to perform certain work at a certain price. Smooth Paving fails to per¬form. RoadCrew Construction can
a. not recover due to the principle of freedom of contract. b. not recover due to the Statute of Frauds. c. recover under the concept of unconscionability. d. recover under the doctrine of promissory estoppel.
The main technique to minimize translation exposure is called a/an ________ hedge
A) balance sheet B) income statement C) forward D) translation
During the current year, Khalid was in an automobile accident and suffered physical injuries. The accident was caused by Rashad's negligence. Khalid threatened to file a lawsuit against Amber Trucking Company, Rashad's employer, claiming $50,000 for pain and suffering, $90,000 for loss of income, and $70,000 in punitive damages. Amber's insurance company will not pay punitive damages; therefore,
Amber has offered to settle the case for $100,000 for pain and suffering, $90,000 for loss of income, and nothing for punitive damages. Khalid is in the 35% marginal tax bracket. What is the after-tax difference to Khalid between Khalid's original claim and Amber's offer? a. Amber's offer is $20,000 less. ($50,000 + $90,000 + $70,000 – $100,000 – $90,000). b. Amber's offer is $7,000 less. [($50,000 + $90,000 + $70,000 – $100,000 – $90,000) × .35)]. c. Amber's offer is $4,500 more. {$190,000 – ($50,000 + $90,000) + [$70,000 × (1 – .35)]}. d. Amber's offer is $22,000 more. [($190,000 – $210,000) + ($120,000 × .35)]. e. None of these.