Parents who sign a contract made by their minor child with an adult have the same option to disaffirm as the child.?

Indicate whether the statement is true or false


False

Business

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Refer to the above table. If the price of a magazine is $2 and the price of a paperback book is $5 and the consumer has $19, the rational consumer will purchase

A) 2 magazines and 2 books. B) 2 magazines and 3 books. C) 5 magazines and 6 books. D) 6 magazines and 6 books.

Business

Following is information about Sleek Pleats (SP) Corporation. The company has no preferred stock.                                                                                                                                      Type of              Proportion of the                                 Type of Capital                       After-Tax Cost                         Capital              Capital Structure                                     Debt, rdT                                   7.0%                                   Debt                         

  30.0%                                     Common equity                                                                    Equity                         70.0                                          Retained earnings, rs          14.0                                                                                                                                 New issue, re                      16.0                                                                                      The firm expects to retain $210,000 in earnings this year to invest in capital budgeting projects. If the SP's capital budget is expected to equal $290,000, what required rate of return, or marginal cost of capital, should be used when evaluating capital budgeting projects? A. 11.9% B. 13.3% C. 10.5% D. 11.5% E. 12.3%

Business

Which of the following statements is CORRECT?

A. Perhaps the most important step when developing forecasted financial statements is to determine the breakdown of common equity between common stock and retained earnings. B. The first, and perhaps the most critical, step in forecasting financial requirements is to forecast future sales. C. Forecasted financial statements, as discussed in the text, are used primarily as a part of the managerial compensation program, where management's historical performance is evaluated. D. The capital intensity ratio gives us an idea of the physical condition of the firm's fixed assets. E. The AFN equation produces more accurate forecasts than the forecasted financial statement method, especially if fixed assets are lumpy and economies of scale exist.

Business

All states except one have a bicameral (two part) legislature containing two bodies, such as a House and a Senate. The exception is:

a. Maine b. Nebraska c. Alaska d. New Jersey e. Hawaii

Business