If a buyer breaches a contract while the seller is still in possession of the goods, the seller can resell the goods and hold the buyer liable for any loss
Indicate whether the statement is true or false
T
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Based on the following data, calculate the breakeven point in dollars:Sales = $400,000Gross Profit = $100,000Transportation = $8,000Cost of Goods Sold = $280,000Expenses = $10,000Salary = $40,000
A. $133,333 B. $166,000 C. $232,000 D. $96,667 E. Cannot be calculated with the information provided
In process costing there is never a balance remaining in Factory Overhead that needs to be closed at period end.
Answer the following statement true (T) or false (F)
Derek's Dinghies and Rafts (DDR) is the world's largest manufacturer of rowboats and rafts. At the end of the current year, analysts expect DDR's EBIT to be $2M and they expect the same earnings annually in perpetuity
DDR's shareholders require a return of 12.5% and there are 5M common shares outstanding. DDR has debt with a total face value of $5M. The bonds have an annual coupon of 3%, are rated AAA and yield 3%. The CFO of DDR believes that the company is under-levered. To increase the leverage, the CFO proposes to repurchase 1.2M shares at a price of $1.25 per share. The repurchase will be financed by additional borrowing. The corporate tax rate is 40%. What is the value of the company prior to the repurchase, and what is the stock price after the repurchase? A) Value (prior) = $9.6M; Stock price (after) = $1.50 B) Value (prior) = $9.6M; Stock price (after) = $1.14 C) Value (prior) = $11.6M; Stock price (after) = $1.50 D) Value (prior) = $11.6M; Stock price (after) = $1.14 E) Value (prior) = $11.6M; Stock price (after) = $3.21
If a federal agency issues a new regulation, it may:
a. be challenged in court by any citizen?individual or corporate b. be challenged by parties who claim the regulation caused them legally recognized harm c. be challenged only if there is a constitutional issue in question d. not be challenged if issued under a Congressional order that precludes all challenges e. none of the other choices