A fee tail is a fee simple defeasible
Indicate whether the statement is true or false
False
You might also like to view...
Suppose the investment rate of return were 18%. At this rate, when would Arnold reach the $1,000,000 mark?
A) at age 42 B) at age 54 C) at age 62 D) at age 68
The first step in the supplier development process is to ________.
Fill in the blank(s) with the appropriate word(s).
Kisselburg Corporation has provided the following financial data:Balance SheetDecember 31, Year 2 and Year 1AssetsYear 2Year 1Current assets: Cash$243,000 $180,000 Accounts receivable, net 123,000 120,000 Inventory 106,000 110,000 Prepaid expenses 41,000 50,000 Total current assets 513,000 460,000 Plant and equipment, net 663,000 700,000 Total assets$ 1,176,000 $ 1,160,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable$96,000 $110,000 Accrued liabilities 44,000 50,000 Notes payable, short term 93,000 90,000 Total current liabilities 233,000 250,000 Bonds payable 260,000 260,000 Total liabilities 493,000 510,000 Stockholders'
equity: Common stock, $2 par value 160,000 160,000 Additional paid-in capital 50,000 50,000 Retained earnings 473,000 440,000 Total stockholders' equity 683,000 650,000 Total liabilities & stockholders' equity$ 1,176,000 $ 1,160,000 Income StatementFor the Year Ended December 31, Year 2Sales (all on account)$1,360,000 Cost of goods sold 800,000 Gross margin 560,000 Operating expenses 482,077 Net operating income 77,923 Interest expense 21,000 Net income before taxes 56,923 Income taxes (35%) 19,923 Net income$ 37,000 Dividends on common stock during Year 2 totaled $4,000. The market price of common stock at the end of Year 2 was $5.75 per share.Required:a. What is the company's working capital at the end of Year 2?b. What is the company's current ratio at the end of Year 2?c. What is the company's acid-test (quick) ratio at the end of Year 2?d. What is the company's accounts receivable turnover for Year 2?e. What is the company's average collection period for Year 2?f. What is the company's inventory turnover for Year 2?g. What is the company's average sale period for Year 2?h. What is the company's operating cycle for Year 2?i. What is the company's total asset turnover for Year 2?j. What is the company's times interest earned ratio for Year 2?k. What is the company's debt-to-equity ratio at the end of Year 2?l. What is the company's equity multiplier at the end of Year 2?m. What is the company's net profit margin percentage for Year 2?n. What is the company's gross margin percentage for Year 2?o. What is the company's return on total assets for Year 2?p. What is the company's return on equity for Year 2?q. What is the company's earnings per share for Year 2?r. What is the company's price-earnings ratio for Year 2?s. What is the company's dividend payout ratio for Year 2?t. What is the company's dividend yield ratio for Year 2?u. What is the company's book value per share at the end of Year 2? What will be an ideal response?
Assume that there are several foreign currencies that exhibit a higher interest rate than the U.S. interest rate. The U.S. firm has a higher probability of generating a higher effective yield on a portfolio of currencies (relative to the domestic yield) if: a. the foreign currency movements against the U.S. dollar are highly correlated
b. the foreign currency movements against the U.S. dollar are perfectly positively correlated. c. the foreign currency movements against the U.S. dollar exhibit low correlations. d. none of the answers above would have any impact on the probability of a foreign cash investment generating a higher effective yield than a U.S. investment.