Rudyfiles a suit against Shakes & Shingles, Roofing Contractor, Inc, under the doctrine of prom¬issory estoppel. Rudy must show that
a. he justifiably refused to fulfill a promise to Shakes & Shingles.
b. he justifiably relied on Shakes & Shingles'promise to his detriment.
c. Shakes & Shinglesjustifiably refused to fulfill a promise to him.
d. Shakes & Shinglesjustifiably relied on his promise to its detriment.
B
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Squidly Products sold and delivered modems to Detail Solutions for $6,600 to be paid by Detail Solutions in three equal installments over the next three months. The journal entry made by Squidly to record this transaction will include:
a. A credit to Cash for $6,600. b. A debit to Accounts Receivable for $6,600. c. A debit to Accounts Receivable for $2,200. d. A debit to Sales Revenue for $6,600.
Which of the following accounts could increase as a result of adjusting entries?
A) Prepaid Insurance. B) Accounts Receivable. C) Unearned Fees. D) Office Equipment.
Barnette Inc.'s free cash flows are expected to be unstable during the next few years while the company undergoes restructuring. However, FCF is expected to be $50 million in Year 5, i.e., FCF at t = 5 equals $50 million, and the FCF growth rate is expected to be constant at 6% beyond that point. If the weighted average cost of capital is 12%, what is the horizon value (in millions) at t = 5?
A. $719 B. $757 C. $797 D. $839 E. $883
In applying the constant dividend model with infinite horizon to price a stock for purchase, we assume the company will pay dividends forever and that we will hold onto our stock forever
Indicate whether the statement is true or false.