Vlad, as agent, is paid $5,000 owed by a debtor of Lee, Vlad's principal. Instead of giving it immediately to Lee, Vlad invests it in the stock market. Luckily, the market price of that particular stock rises to $10,000 before Lee learns of the wrongdoing. Under these circumstances, ________.
A. Vlad cannot be sued as the money was put to good use
B. Vlad is not guilty of wrongdoing because he managed to make a profit
C. Lee is entitled to all of the stock
D. Lee is entitled only to $5,000
Answer: C
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Indicate whether the statement is true or false
Net income plus operating expenses is equal to
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Refer to the spreadsheet above. Which equation should be entered in cell F8 to compute the amount by which the minimal requirement of constraint #3 has been exceeded?
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