Which of the following is true of specific performance?
A) Specific performance of personal service contracts is not granted.
B) Specific performance is not awarded if the subject matter of the contract is unique.
C) Specific performance exempts works of art, antiques, and heirlooms as subject matter.
D) Specific performance is not available to enforce land contracts.
A
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An adjusted trial balance must be prepared before the adjusting entries can be recorded
Indicate whether the statement is true or false
A corporation has 12,000 shares of $20 par value stock outstanding that has a current market value of $150. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately $50
Indicate whether the statement is true or false
Refer to the Shipping Costs for The Allied Motors Company. Solve the transportation problem using Excel Solver. (Remember that in balanced transportation problems all constraints—except the non-negativity constraints of the decision variables—should be set as an equal-to (=) sign in the Excel Solver dialogue.) At the optimum solution, the number of units shipped from Lowell to Norfolk is ______.
a. 527
b. 268
c. 243
d. 433
Gonzales Corporation generated free cash flow of $88 million this year. For the next two years, the company's free cash flow is expected to grow at a rate of 10%
After that time, the company's free cash flow is expected to level off to the industry long-term growth rate of 4% per year. If the weighted average cost of capital is 12% and Gonzales Corporation has cash of $100 million, debt of $300 million, and 100 million shares outstanding, what is Gonzales Corporation's expected terminal enterprise value in year 2? A) $1384.24 B) $1245.82 C) $1107.39 D) $968.97