A lawsuit against an officer in his or her individual capacity is the same as suing the
government.
a. True
b. False
b
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Sole proprietorships are the most common form of business organization in the United States
Indicate whether the statement is true or false
Sigrud buys spiked mountain-climbing shoes from Rockridge Gear store, telling the clerk that she wants the shoes to climb Mount Sharptop. The spikes come out of the shoes when Sigrud is on the side of the mountain, causing her to be injured in a fall. Rockridge most likely breached
A. an express warranty. B. an implied warranty of fitness for a particular purpose. C. an implied warranty of merchantability. D. a warranty of title.
Ted Corporation expects to generate free-cash flows of $200,000 per year for the next five years. Beyond that time, free cash flows are expected to grow at a constant rate of 5 percent per year forever
If the firm's average cost of capital is 15 percent, the market value of the firm's debt is $500,000, and Ted has a half million shares of stock outstanding, what is the value of Ted stock? A) $2.43 B) $3.43 C) $1.43 D) $0.00
A taxpayer's average tax rate is the tax rate applied to an incremental amount of taxable income that is added to the tax base.
Answer the following statement true (T) or false (F)