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PilotLPTM [1.2K]
3 years ago
11

Dutch, Bill and Heidi were equal partners in a lawn care business. Bill and Heidi wanted to borrow money from the bank to buy mo

re trucks and expand the business. Dutch was dead set agains the idea. When the matter came to a vote, Bill and Heidi voted in favor, Dutch against. Dutch was so annoyed that he told the bank not to lend the money and, further, that he would not be responsible for repaying the loan. The bank loaned the money, the business failed, and the bank sued all three partners. Is Dutch liable for the loan
Business
1 answer:
Alex Ar [27]3 years ago
3 0

Answer:

Yes, because all three were equal partners in the said business and when the decision was to be made, a greater majority (Bill and Heidi) voted in favor of getting the loan.

Dutch also is thus, liable for the said loan. He ought to have opted out of the partnership if he was dead serious and he would have gotten a fair share of dividends from the said partnership and left the duo to work together

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Majority rule, first-come/first-served, and sharing equally are examples of _____ .
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The examples mentioned above are examples of non-market distribution method, Non-market distribution method is a process wherein the distribution products, services, and goods does not have profit motivation. In most cases, products, goods, and services are offered for a low price.
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Answer:

a. ROE (r) = 13% = 0.13

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Growth rate = r x b

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Po= D1/Ke-g

Po = $1.80/0.12-0.065

Po = $1.80/0.055

Po = $32.73

P/E ratio = <u>Current market price per share</u>

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                 $3.60

P/E ratio = 9.09        

b.  ER(S) = Rf + β(Rm - Rf)

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Explanation:

In the first part of the question, there is need to calculate the expected dividend, which is dividend pay-our ratio of 50% multiplied by earnings per share. We also need to calculate the growth rate, which is plowback ratio multiplied by ROE. Then, we will calculate the current market price, which equals expected dividend divided by the difference between return on stock (Ke) and growth rate. Finally, the price-earnings ratio is calculated as current market price per share divided by earnings per share.

In the second part of the question, Cost of equity (return on stock) is a function of risk-free rate plus beta multiplied by market risk-premium. Market risk premium is market return minus risk-free rate.

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The actual variable cost of goods sold for a product was $140 per unit, while the planned variable cost of goods sold was $136 p
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Answer:

$326,400 is the variable cost quantity factor while $56,000 is the unit cost factor

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The variable cost quantity factor is a measure of the difference between the planned and actual units  multiplied by planned variable cost.  

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