Answer:
Carryover basis
In a Type A merger, the basis of the assets and liabilities carries over to the surviving entity.
Explanation:
Answer:
<u>Share of this stock worth today if the required rate of return is 7.6 percent is $3.59</u>
Explanation:
stock worth today = 2/1.076 + 2/1.076^2
stock worth today = $ 3.59
Answer:
Check the following explanation
Explanation:
a) Usually a contract has the following elements:
Offer
.
Acceptance
.
Consideration
.
Intention to create a legal relationship
.
In the given case, the intention to create a legal relationship is missing. Though Study had sent a written legal contract to Burrow to affirm the contract, Burrow did not show any interest regarding the same. Hence Burrow can’t be sued for breach of contracts. Moreover the confirmation letter sent by Study does not qualify under the Merchant Memo Rule as the involved parties are not merchants. Burrow can use the terms of UCC for his favour. The UCC states that any contract with value more than $500 must be in writing. As the involved amount in this case is $1300, hence this case does not qualify as a contract under UCC.
b) If Study and Burrow were merchants, then the Merchant Memo Rule gets applicable. Then in that case, if 2 merchants enter into an oral contract, which is worth $500 or more and one of the merchant sends a written confirmation for the same, then a contract will be considered enforceable. In such a case, Burrow will be held liable for breach of contract and can be sued by Study.
Answer:
The correct answer is C.
Explanation:
Giving the following information:
The initial purchase of the land and the associated costs of opening up mining operations will cost $100 million today. The mine is expected to generate $16 million worth of ore per year for the next 12 years. At the end of the 12th year Rearden will need to spend $20 million to restore the land to its original pristine nature appearance.
We need to sum each cash flow until the total initial investment is paid:
Number of years= 100,000,000/16,000,000= 6.25 years
To be exact:
0.25*365= 95 days
It will take 6 years and 95 days to recover the initial investment.
Solution:
The total cost for the company is the sum of its fixed cost and variable costs.
Corporate expenditures that do not depend on the amount of goods or services provided by the company are fixed costs.
Variable costs are expenses that change when changes occur in the sum of the good or service produced by a company.
C(x) = 90000 + 100x
C(110) = 90000 + 100 ( 110 )
C(110) = 90,000 + 11, 000 = 101,000
It costs $101,000 to produce 110 bicycles.
