________ attempts to return both parties to their original positions. The subject matter of the contract must be returned to the original owner, and any monies paid under the contract must also be returned.
A) Damages
B) Remedies
C) Recession
D) Compensation
E) Avoidance
C) Recession
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______________ advertisements account for 33 percent of the global advertising revenue.
Fill in the blank(s) with the appropriate word(s).
The payback method measures
a. how quickly investment dollars may be recovered. b. the cash flow from an investment. c. the economic life of an investment. d. the profitability of an investment.
Discuss the difference between a concrete variable and an abstract construct.
What will be an ideal response?
Given the following information, construct the statement of cash flow. What happened to the firm's liquidity position during the year? Net income $16.7 Decrease in accounts receivable 6.1 Increase in accounts payable 13.6 Sale of bonds 55.1 Dividends 14.8 Retirement of bonds 10.8 Increase in inventory 15.2 Depreciation expense 56.0 Cost of goods sold 72.1 Reduction in income taxes payable 5.0 Sale of stock 0.4 Purchase of plant and equipment 91.0 Beginning cash 1.1 Repurchase of stock 5.6 ? The firm's cash position has increased, but that does not mean the firm is more liquid since inventory and accounts payable increased while accounts receivable declined. You should also note
that the firm increased its investment in plant by using the cash generated through depreciation and the issuing of new long-term debt. The earnings and sale of stock did not cover dividends and stock repurchases. This indicates that the firm is more financially leveraged. What will be an ideal response?