The supreme court decision that struck down the quota system was the university of California versus Bakke.<span />
Answer:
Price per share = $78.75
Explanation:
<em>The Dividend Valuation Model is a technique used to value the worth of an asset. According to this model, the worth of an asset is the sum of the present values of its future cash flows discounted at the required rate of return.</em>
If dividend is expected to grow at a given rate , the value of a share is calculated using the formula below:
Price=Do (1+g)/(k-g)
Where Do- Dividend now, g- growth rate, k- required rate of return(cost of equity)
<em>Note Do (1+g) represents the expected dividend in the first year</em>
DATA:
Do (1+g) = 3.15
g= 8%
k= 12%
Price per share = 3.15/(0.12- 0.08) = $78.75
Price per share = $78.75
Answer:
Ping Pong Ltd
i. No. The bank has not breached its duty of care to its customer, Ping Pong Ltd.
ii. No. The customer, Ping Pong, has not breached its duty of care to its bank.
Explanation:
The breach occurred between Mr. Z. and Ping Pong. Certainly, Mr. Z. breached his professional and fiduciary duty of care to Ping Pong, his employer. By presenting forged documents as evidence of supply transactions, Mr. Z. has fraudulently defrauded his employer to the tune of $6.6 million. It is the responsibility of Ping Pong to recover from Mr. Z. as soon as the fraud is discovered.
Answer:
1. The obligation to transfer the vacuum cleaner in lieu of the price.
2. To honour one year warranty for any product defect that is part of the purchase contract and an inherent obligation.
Explanation:
The contract for purchase of a vacuum cleaner has two performance obligations;
1. The obligation to transfer the vacuum cleaner in lieu of the price.
2. To honour one year warranty for any product defect that is part of the purchase contract and an inherent obligation.
it may be noted that the extended warranty is a separate performance obligation as it can be purchased at the same time of original purchase or later and separate consideration is payable for that and there is no direct co-relation of the extended warranty obligation with the initial purchase.
Answer:
Innovative change
Explanation:
Innovation means change, hopefully a change for better. When a company decides to innovate its processes it means that it is trying to improve existing processes to make them more effective and more productive. In this particular case by starting to work weekend shifts they are trying to offer a better service.
