An offeror can revoke his or her offer even after an agreement or acceptance has been reached
Indicate whether the statement is true or false
FALSE
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Land costing $78,000 was sold for $93,000 cash. The gain on the sale was reported on the income statement as other income. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land?
A) $78,000 B) $93,000 C) $108,000 D) $15,000
Kathy is 48 years of age and self-employed. During 2019 she reported $500,000 of revenues and $100,000 of expenses relating to her self-employment activities. If Kathy has no other retirement accounts in her name, what is the maximum amount she can contribute to an individual 401(k)?
A. $62,000. B. $56,000. C. $83,281. D. $77,281.
____ risk is probably the least concern for savings institutions
a. Liquidity b. Exchange rate c. Credit d. Interest rate
Burke Tires just paid a dividend of D0 = $1.32 . Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this low-risk stock is 9.00%. What is the best estimate of the stock's current market value?
a. $41.59 b. $42.65 c. $43.75 d. $44.87 e. $45.99