A perpetuity pays $85 per year and costs $950. What is the rate of return?
A. 8.95%
B. 9.39%
C. 9.86%
D. 10.36%
E. 10.88%
Answer: A
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Based on the following information from Scranton Company's balance sheet, calculate the current ratio. Current assets$114,000?Investments 55,400?Plant assets 340,000?Current liabilities 48,000?Long-term liabilities 99,000?Retained earnings 362,400?
A. 2.38. B. 1.15. C. 0.42. D. 3.47. E. 3.53.
All of the following are dischargeable in bankruptcy EXCEPT:
a. an unsecured note to a bank. b. a car loan. c. domestic support obligations arising from divorce or separation proceedings. d. a court judgment against the debtor.
Boyd, an agent of Lowell, made a contract with Brink and signed the contract "S. Lowell (principal) by A. Boyd, agent." If Boyd breaches the contract, Brink can sue
a. only Lowell. b. only Boyd. c. both Boyd and Lowell. d. neither Boyd nor Lowell.
There is an ad for Levi's Warhol Factory X jeans in an issue of Vanity Fair magazine. The full-page ad highlights the Warhol images on the inside of the jeans. To which type of market is the advertisement targeted? Briefly explain your answer.
What will be an ideal response?