In Gieseke v. IDCA, Gieseke formed a company to compete with his old employer and worked with one of the former owners of his old employer in the new company. His former employer moved some of the equipment of the new company and changed its mailing address without permission of Gieseke or his partner. When Gieseke sued his former employer the courts held that he had a good cause of action for:
a. trespass of business property b. fraud
c. interference with prospective contractual relations
d. negligent misrepresentation e. none of the other choices
e
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One of the primary goals of the PCAOB is to restore confidence in which group?
a. The SEC.. b. Boards of Directors. c. Internal auditors. d. Independent auditors..
Operating expenses include cost of goods sold
Indicate whether the statement is true or false
General Motor's Nova automobile was translated into Spanish as
a. "come alive." b. "fast car." c. "doesn't go." d. "ugly old woman."
A company is expected to have free cash flows of $0.75 million next year. The weighted average cost of capital is WACC = 10.5%, and the expected constant growth rate is g = 6.4%. The company has $2 million in short-term investments, $2 million in debt, and 1 million shares. What is the stock's current intrinsic stock price?
A. $17.39 B. $17.84 C. $18.29 D. $18.75 E. $19.22