Answer:
Explanation: If a court had to construe a contract between Wire Co and a copper company based on industry practice. Means that A legal document that will state the entire business operation would have to be drawn down before any business transaction commences between the parties.
Answer:
The question is missing the below options:
A. par value
B. par value less a discount
C. par value plus a mark-up
D. par value plus a commission
The correct option is A, par value
Explanation:
Securities such as the Federal Farm Credit System bonds are usually sold to the public through a chain of issuing houses consisting of bank and brokers who traditionally sell to the public at par value.
The consequence of selling at par is that these issuing houses charge a percentage of par value as their commission before remitting the balance to the beneficiary of bonds issuance.
In other words, the agency issuing the bonds must consider the commission payable before deciding on the bonds to be issued.
Answer:
Wilson previously worked as an accountant, earning $3,000 a month.
Explanation:
Implicit costs or opportunity costs are the extra costs or benefits lost from choosing one activity or investment over another alternative.
In this case, Wilson had to quit his former job as an accountant in order to open his health club. So the salary that Wilson could have earned as an accountant would be the opportunity cost of opening his club.
Answer:
C. increase in modernization by new investors.
Explanation:
Privatization is the transfer of ownership of property or business owned by government to a private entity.
Privatization generates capital to be invested in strategic areas and help to reduce the continuing drain on future natural resources. The new private investors causes economic growth by modernizing the acquired property or business from the government.
Answer:
5
Explanation:
Given that,
Beginning assets = $80,000
Ending asset = $120,000
Operating income = $200,000
Interest expense = $18,000
Average common stockholders’ equity = $20,000
Average total assets:
= (Beginning assets + ending asset) ÷ 2
= ($80,000 + $120,000) ÷ 2
= $100,000
Leverage ratio:
= Average total assets ÷ Average common stockholders' equity
= $100,000 ÷ $20,000
= 5
