Zorino Corporation sells product W for $125 per unit, the variable cost per unit is $90, the fixed costs are $450,000, and Zorino is in the 30% corporate tax bracket. What are the sales (dollars) required to earn a net income (after tax) of $25,000?
A) $1,249,020
B) $674,625
C) $1,734,693
D) $1,904,750
C
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Burger Prince is one of the largest hamburger chains in the nation, and fiercely competitive with
the well-known chain of Captain Hook Seafood House restaurants. Captain Hook has recently introduced a new line of hamburgers in order to expand beyond seafood. Burger Prince received information that it believed was reliable indicating that the Captain Hook's burgers contained substantial amounts of filler. Burger Prince then ran advertisements saying that its pure beef burgers were better than the Captain Hook's burgers that used filler. Which of the following is true? A) Burger prince would be liable for invasion of privacy if the formula for Captain Hook's burgers was not publicly available. B) This is an example of intentional interference with contractual relations. C) Burger Prince is liable for product disparagement because the statement about the use of filler was false. D) Captain Hook will not be able to win a product disparagement case here. E) This is a case of palming off.
Community property it is created when a real property owner or lessor agrees to convey the right to possess and use the property to a lessee (tenant) for a certain period of time
a. True b. False Indicate whether the statement is true or false
Assume that you want to read a description of a particular area of the law, along with one or more illustrations of how that law is applied. You will not find that type of material in
A) a citator. B) the Treasury Regulations. C) the Cumulative Bulletin. D) the Committee Reports.
When a company uses excess cash to buy back some of its outstanding common stock, which of the following ratios will be affected directly in the manner described below?
A. Return on equity (ROE) will decrease. B. The Price Earnings (PE) ratio will increase. C. Earnings per share (EPS) will increase. D. There will not be any effect on the three ratios.