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elena55 [62]
3 years ago
12

David, an Alabama resident, files a suit in an Alabama court against QuickAds, an Internet company based in Georgia that provide

s advertising services.QuickAds only contact with persons in Alabama has been through QuickAds's passive advertising. The Alabama court is A. likely to have jurisdiction over the case.B. not likely to have jurisdiction over the case.C. likely to refer the case to a higher district court.D. likely to refer the case to an appellate court.
Business
1 answer:
mihalych1998 [28]3 years ago
7 0

Answer:

B. Not likely to have jurisdiction over the case is the correct answer.

Explanation:

In the US, A state court can have jurisdiction over the case in which there is some connection to the state. The majority of civil and criminal cases are handled by the state courts. State courts apply state laws to decide cases. They are common law cases. The state's constitution and legislation's are binding on them, if the need arises they also take the federal court into account. The decisions of the lower courts can be challenged in high courts.

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Using the dividend growth model, explain why a firm would be hesitant to reduce the growth rate of its dividends.
Anna007 [38]

Answer:

If a firm decreases its sustainable growth rate (g), the price of their stock will probably decrease. I will use the following example:

P₀ = Div₁ / (Re - g)

  • Div₁ = $2
  • Re = 12%
  • g = 5%

P₀ = $2 / (12% - 5%) = $28.57

if the growth rate g decreases to 2%, and the rest remains unchanged, then

P₀ = $2 / (12% - 2%) = $20

4 0
3 years ago
The Most recent financial statements for Moose Tours, Inc., appear below. Sales for 2016 are projected to grow by 20 percent. In
Aneli [31]

Answer:

$5,006.07

Explanation:

The external financing needed = Projected Increase in Assets - Increase in Liabilities - Increase in Retained Earnings

Projected Increase in Asset = Assets Value*Sales Growth Rate

Projected Increase in Assets = $364,720 * 20%

Projected Increase in Assets = $72,944

Increase in Liabilities = Liabilities * Sales Growth Rate

Increase in Liabilities = $69,600 * 20%

Increase in Liabilities = $13,920

<em>To calculate the Increase in Retained Earning, the below calculations are needed:</em>

a. Profit Margin Rate = Net Income / Sales * 100

Profit Margin Rate = 75,000 / 751,000 * 100

Profit Margin Rate = 9.99%

b. Dividend Payout Ratio = Dividend / Net Income * 100

Dividend Payout Ratio = 30,000 / 75,000 * 100

Dividend Payout Ratio = 0.4

Dividend Payout Ratio = 40%

Retention Rate = 1 - Dividend Payout Ratio

Retention Rate = 1 - 0.40

Retention Rate = 0.60

Retention Rate = 60%

c. Expected Sales = $751,000 * 1.20 = $901,200

So, the Increase in Retained Earning = Expected Sales * Profit Margin * Retention Rate = $901,200 *9.99% * 60% = $54,017.93

Therefore, External Fund Needed = $72,944 - $13,920 - $54,017.93 = $5,006.07

3 0
2 years ago
Accoints payable ledger contains all of the balance sheet and income tstatmeent accounts true or false
xeze [42]
False, only shows transactions and amounts owed.
3 0
3 years ago
Why do some products have as packaged and as prepared and others only have as packaged
Marina CMI [18]
There are three major types of paper packaging: corrugated boxes, boxboard or paperboard cartons, and paper bags and sacks. Corrugated Boxes: Corrugated boxes are commonly used to carry heavier products such as appliances, electronic goods, wine, fruit and vegetables.
4 0
3 years ago
Ron Landscaping's income statement reports net income of $75,200, which includes deductions for interest expense of $13,200 and
kaheart [24]

Answer:

times interest earned= 9.49

Explanation:

Giving the following information:

Ron Landscaping's income statement reports net income of $75,200, which includes deductions for interest expense of $13,200 and income taxes of $36,900.

First, we need to calculate the income before taxes and interest expense:

EBIT= 75,200 + 13,200 + 36,900= $125,300

Now, to calculate the times interest earned we need to use the following formula:

times interest earned= EBIT/ interest expense= 125,300/13,200= 9.49

3 0
3 years ago
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