Dina asks Edie to co-sign a credit application so that she can borrow money and buy a piano from First Chair, a musical instruments and supplies seller. If, after the loan agreement is signed, Dina agrees to a higher rate of interest without telling Edie, then Edie is
a. discharged from the agreement.
b. liable at the higher rate of interest.
c. liable at the lower rate of interest.
d. liable for the principal only.
A
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Which of the following accurately describe anaphase I and anaphase II? Select all that apply.A) At the end of anaphase I, each chromosome is composed of two chromatids and at the end of anaphase II, sister chromatids have separated.B) Anaphase I occurs in a haploid cell while anaphase II occurs in a diploid cell.C) Homologous chromosomes separate during anaphase I and sister chromatids separate during anaphase II.D) Anaphase I occurs in both males and females but anaphase II only occurs in females.
What will be an ideal response?
Layer Corporation has provided the following information concerning a capital budgeting project: Investment required in equipment$160,000 Expected life of the project 4 Salvage value of equipment$0 Annual sales$360,000 Annual cash operating expenses$290,000 Working capital requirement$20,000 One-time renovation expense in year 3$20,000 The company's income tax rate is 30% and its after-tax discount rate is 8%. The working capital would be required immediately and would be released for use elsewhere at the end of the project. The company uses straight-line depreciation on all equipment. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting. The total cash flow net of income
taxes in year 3 is: A. $61,000 B. $50,000 C. $41,000 D. $47,000
A turnkey project includes
A. plant design and technology supply. B. construction up to but not including trial runs. C. direct selling. D. government training.
All of the following agreements lack consideration except:
A) A promise by an adult not to smoke in exchange for a payment of money. B) A promise that is based on a prior act or performance. C) A promise made out of a sense of moral obligation. D) A contract supported by a promise to refrain from doing an illegal act.