A promise to make a gift that has been completed can be rescinded by the donor if it was not
supported by consideration.
Indicate whether the statement is true or false
FALSE
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An agreement between two parties to exchange a specified amount of a commodity, security, or foreign currency at a specified date in the future with the price or exchange rate being set now is referred to as a(n)
a. interest rate swap. b. forward contract. c. futures contract. d. option.
Individuals who attend conferences have the opportunity to network with peers in the same industry or profession and to gain information from experts during panel discussions and presentations
Indicate whether the statement is true or false
Which of the following statements about the family life cycle is most accurate?
A. The most financially secure group of any family life cycle stage is single parents with children. B. Young singles represent a target market for recreational travel, automobiles, and consumer electronics. C. Single divorcees are more likely to buy life insurance than any other group. D. Income and gender are two of the variables considered in the family life cycle. E. The majority of households today are composed of traditional families.
Marvelous Manufacturing (MM) generated the following information for its capital budgeting manager: ? Capital Structure Project Cost IRR Type of Capital Proportion W $65,000 15%
Debt 30% X 70,000 13 Common equity 70 Y 75,000 12 Z 70,000 11 ? MM's weighted average cost of capital (WACC) is 12 percent if the firm does not have to issue new common equity; if new common equity is needed, its WACC is 16 percent. If MM expects to generate $70,000 in retained earnings this year, which project(s) should be purchased? Assume that the projects are independent and indivisible. A. Only Project W should be purchased. B. Projects W and X should be purchased. C. Projects W, X, and Y should be purchased. D. All of the projects should be purchased. E. None of the projects should be purchased.