Harold and Zack have pooled their money together to buy real estate but have filed no formal papers to form a business. Harold, a lawyer, handles all the legal matters and Zack, a real estate broker, finds buyers for the property they have subdivided. Harold and Zack are engaged in a:
a. partnership.
b. close corporation.
c. joint venture.
d. business trust.
a
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Which of the following means the completed project has been transferred to a new place of operation?
A) termination by assumption B) termination by extinction C) termination by inclusion D) termination by integration
Which one of the following is NOT a reason for using hedges such as a synthetic forward?
A) In some currency markets, forward contracts may not be available, but they can be manufactured using a money market hedge. B) Individual companies are not able to borrow and lend at the interest rates available in the interbank market. C) When time horizons are long, forward contracts can be expensive as the bid-ask spread widens substantially. D) It may be unfavorable to consider borrowing and lending to hedge one's currency risk.
Shrewsbury Inc. reported the following results from last year's operations: Sales$7,200,000Variable expenses 5,400,000Contribution margin 1,800,000Fixed expenses 1,296,000Net operating income$504,000Average operating assets$4,000,000?At the beginning of this year, the company has a $800,000 investment opportunity with the following characteristics: Sales$2,480,000 Contribution margin ratio 40% of salesFixed expenses$868,000 ?The company's minimum required rate of return is 14%.?The residual income for this year's investment opportunity when considered alone is closest to:
A. $108,800 B. $124,000 C. $0 D. $12,000
In Corey Airport Services v. Clear Channel Outdoor, where Corey lost a bid to provide services at the Atlanta airport and a jury then found there to be a conspiracy that deprived Corey of millions of dollars worth of business, the appeals court held that::
a. that there was no equal protection claim because there was no identifiable group subject to discriminatory treatment b. that the conspiracy between airport officials and Clear Channel provided the basis for a claim of a violation of equal protection interests under the 14th Amendment c. that the government treated Cory differently because it was owned by minorities, which is a violation of equal protection d. that Corey's equal protection rights had been violated but there were no damages because Corey was not the low bidder in the competition to provide the services e. none of the other choices are correct