Answer:
Certainly, they cannot prevail. The contract terms stated clearly that "time is of the essence of this contract." The Bassos and Miceli and Slonim Development Corp did not actually respect this contract term.
The contract was expected to have closed at 10:00 am on May 16, 1988, and not after. By the time that Dierberg left the venue, the contract should have been finalized. Alternatively, if there were unseen delays, Dierberg should have been informed at least 30 minutes before 10:00 am.
Explanation:
The argument by Miceli and Slonim does not hold water. The contract did require closing exactly at 10:00 AM, and not some time on May 16. In my considered opinion, suing Dierberg is a waste of court time and process.
Answer:
$9.26 per stock
Explanation:
using the discounted cash flow model, the value of Scampini Technologies is:
company's value = free cash flow / (required rate of return - growth rate) = $25,000,000 / (13% - 7%) = $25,000,000 / 6% = $416,666,667
since the company does not have any debt, the price of each stock is:
stock price = total value of the company / total outstanding stocks = $416,666,667 / 45 million shares = $9.26 per stock
Answer:
wrap-around loan
Explanation:
Based on the scenario being described within the question it can be said that the type of loan being described is known as a wrap-around loan. This is a loan in which the initial home morgage amount is added to an incremental amount that when summed makes up the total amount that the house is being sold for and which the buyer will need to pay the seller in a given period of time. Which in this type of loan the lender provides the money for this payment.
As a manager, Tim has realize that active listening is important because IT INVITES OTHERS TO LISTEN TO YOU.
Active listening involves carefully concentrating on what is been said by the other person, it involves listening will all of one's senses. Actively listening to others make others to listen when one is talking.
Answer:
Certain and amount can be estimated reliably.
Explanation:
According to IAS 37, a provision is a liability that arises as a result of a past event, for which it is more likely than not (Probability > 50%) that cash outflow will be required to settle the obligation in future. An the amount of liability can be estimated reliably.
Thus, a loss contingency will be accounted for in company's financial statements only if it is a <em>provision</em> (the liability can be determined with certainty) as above.
Contingent liabilities are not presented on the face of the Financial Statements but are disclosed in the notes.