Answer:
(C) both Paula and Tom are liable for Tom's act of discrimination.
Explanation:
As the principal or as the real estate broker, both are held equally liable for any kind of non compliance towards state tax, or federal tax or anything.
This is because both are liable, the broker because he was assigned that job and the principal because just transferring the job did not free the principal from his liabilities.
Accordingly, when the court will take decision it will make Paula and Tom both liable for any kind of false act.
Answer:
B. To refuse a refund.
Explanation:
The primary purpose is to refuse a refund which customer demanded, the message is written in a way that the customer would understand the reason of the refusal and further, the awareness to customer is given so in future the customer doesn't buy anything without reading out warnings.
Answer: 6%
Explanation:
Based on the information given, when the flotation costs is ignored, the company's cost of preferred stock will be calculated thus:
Cost of preferred stock = Dividend on preferred stock / Price of preferred stock
Cost of preferred stock = 4.5/75 = 0.06 = 6%
Therefore, the cost of preferred stock is 6%.
