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lisabon 2012 [21]
3 years ago
5

A minor bought an Ernie Banks baseball card from a baseball card store. The card was marked $12, and the inexperienced clerk who

sold it did not know the store owner, who was gone at the time of the sale, meant it to be sold for $1,200. Can the owner get the card back because of the minor’s lack of capacity? Why?
Business
1 answer:
krok68 [10]3 years ago
4 0

Answer: No. The owner cannot get the card back because of the minor’s lack of capacity

Explanation:

From the information given, we are told that a minor bought a baseball card from a baseball card store for $12, even though the price was $1,200.

It should be noted that the owner cannot get the card back based on the minor’s lack of capacity. In this case, the idea is to protect the minor, therefore the minor who bought the baseball card is the one that can disaffirm or cancel the contract. In this case, the adults are bound to the contract.

The baseball card will only be gotten if the minor wishes to give it back.

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Rollins Corporation is estimating its WACC. Its target capital structure is 20% debt, 20% preferred stock, and 60% common equity
katrin2010 [14]

Answer:

A. What is the company's cost of preferred equity?

  • 8.42%

B. What is the company's cost of common equity?

  • 11.45%

C. What is the company's WACC?

  • 9.31%

Explanation:

20% debt ⇒ after tax cost of debt 3.76%

20% preferred stock ⇒ 8.42%

60% common equity ⇒ 11.45%

in order to determine the after tax cost of debt we must first determine the yield to maturity of debt:

approximate YTM = {37.5 +[(1,000 - 1,150.78)/40]} / [(1,000 + 1,150.78)/2] = 33.7305 / 1,075.39 = 3.3166% x 2 = 6.2732%

after tax cost of debt = 6.2732% x 0.6 = 3.76%

cost of preferred stocks = 8 / (100 x 0.95) = 8 / 95 = 8.42%

cost of equity (Re) = 2.45% + (1.8 x 5%) = 2.45% + 9% = 11.45%

WACC = (60% x 11.45%) + (20% x 8.42%) + (20% x 3.76%) = 6.87% + 1.684% + 0.752% = 9.306% = 9.31%

3 0
4 years ago
The customer told you that being competitive in their market is a moving target. They asked you to add
777dan777 [17]

The best approach to help manage the scope for the project where the customer asked for more items to be added to the scope is to <u>switch to an</u><u> Agile approach</u>.

<h3>What is an Agile approach?</h3>

An agile approach to help manage the scope for the project would involve:

  • Breaking up the scope into several phases.
  • Ensuring constant collaboration with stakeholders.
  • Using continuous incremental improvements.

Thus, the best approach to help manage the scope for the project where the customer asked for more items to be added to the scope is to <u>switch to an</u><u> Agile approach</u>.

Learn more about agile methodology at brainly.com/question/25734045

7 0
3 years ago
Fruitasia purchased land, a building, and equipment for $800,000. the estimated fair values of the land, building, and equipment
marishachu [46]

Given; Equipment and building = $800,000Fair value of the land = $100,000Fair value of the building = $700,000Fair value of the equipment = $200,000
Solution;
$800,000 x [$100,000/($100,000 + $700,000 + $200,000)] = $80,000.
The company would record the land of $80,000
6 0
3 years ago
Describe one educational goal, one career-related goal, and one lifestyle-related<br> goal.
kicyunya [14]
Education goal: graduate high school as a junior, career related goal: eventually get a stable job in the medical field, lifestyle related goal be 100% happy with who i am i’m about 80% :)
7 0
3 years ago
Read 2 more answers
In the long run, firms under monopolistic competition_____ A. Standardize their products. B. Face perfectly elastic demand curve
grigory [225]

Answer:

The correct answer is letter "C": Earn zero economic profit.

Explanation:

For markets that have many companies offering similar products or services, monopolistic competition exists. Restaurants, grocery stores, and clothing stores, for example. Such similar products or services are not ideal replacements for each other in monopolistic competition. In the short run, the economic profit of the firms is positive but in the long run, the economic profit approaches to zero.

4 0
3 years ago
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