In applying the "foreign substance/natural substance" liability test in the sale of food or drink, some courts refuse to impose warranty liability if the thing in the food that caused the harm was naturally present.?
Indicate whether the statement is true or false
True
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Seth and Rachel have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investments at 15%; salary allowances of $24,000 and $20,000, respectively; and the remainder to be divided equally. How much of the net income of $90,000 is allocated to Seth?
a. $42,750 b. $47,750 c. $45,000 d. $43,250
Which of the following types of quotas takes into consideration various activities such as number of customers called on and number of demonstrations made?
A) profit based quota B) combination quota C) sales volume based quota D) market based quota
What are the five elements that differentiate countries in terms of their cultural environment for international business?
What will be an ideal response?
Los Angeles Lumber Company (LALC) is considering a project with a cost of $1,000 at Year 0 and inflows of $300 at the end of Years 1-5. LALC's cost of capital is 10 percent. What is the project's modified IRR (MIRR)?
A. 10.04% B. 12.87% C. 15.23% D. 18.34% E. 20.72%