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Lorico [155]
2 years ago
9

On April 1, Gina mailed Oscar an offer to buy his home. Oscar received the offer on April 5. On April 6, Oscar deposited a prope

rly addressed, stamped acceptance in the mail. Gina received the acceptance on April 10. On April 8, Gina changed her mind, and she personally delivered a written revocation of the offer to Oscar. In most states: (A) A contract was formed on April 5. (B) A contract was formed on April 6. (C) A contract was formed on April 10. (D) A contract was not formed.
Business
1 answer:
AnnyKZ [126]2 years ago
8 0

Answer:

(B) A contract was formed on April 6.

Explanation:

Since in the question it is mentioned that On april 1 gina inform oscar via mail that he is offering to purchase his home. Oscar received the offer as on April 5

And on April 6 oscar give the acceptance over the mail

So in the most states, the option b should be selected as on this date both parties to the contract are agreen upon

Therefore the option b is correct

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Owners of a local restaurant are concerned about their ability to provide quality service as they continue to grow and attract m
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The current (year 0) price of the shares of Company XYZ is $50. There are 1 million shares outstanding. Next year (year 1)’s div
otez555 [7]

Answer:

1. The dividend per share in year 2 would be $2.16.

The dividend per share in year 3 would be $2.3328

2. The market value of the firm is $50 million

3. The value of the firm next year after the payout is $ 54

Explanation:

1. In order to calculate the dividend per share in year 2 and the dividend per share in year 3 we would have to make the following calculation:

dividend per share in year 2=dividend per share in year 1*(1+Growth Rate)

dividend per share in year 1=$2

Growth Rate=Retention Ratio * ROE

Growth Rate=40% * 20%

Growth Rate=8%

Therefore, dividend per share in year 2=$2*(1+8%)

dividend per share in year 2=$2.16

dividend per share in year 3=dividend per share in year 2*(1+Growth Rate)

dividend per share in year 3=$2.16(1´8%)

dividend per share in year 3=$2.3328

2. In order to calculate the current market value of the firm we would have to make the following calculation:

market value of the firm=Currect Share Price * Number of outstanding shares

According to the given data:

Currect Share Price=$50

Number of outstanding shares=1 million shares

market value of the firm=$50*1 million shares

market value of the firm=$50 million

3. In order to calculate the value of the firm next year after the payout we would have to calculate first the rate of return as follows:

value of the firm =dividend per share in year 1/rate  of return-growth rate

$50* Rate of Return - 4 = $2

Rate of Return = 6 / 50

Rate of Return =12%

Therefore, value of the firm next year after the payout=dividend per share in year 2/rate  of return-growth rate

value of the firm next year after the payout=$2.16/0.12-0.08

value of the firm next year after the payout=$ 54

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3 years ago
Corporation and limited liability (limited partnership) company taxed twice.
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Option[A] is the correct answer.

Corporation and limited liability (limited partnership) company taxed twice.

Before any earnings may be distributed to shareholders, the corporation must pay income tax at the corporate rate. Any gains that are then dispersed as dividends to shareholders are again taxed at the recipient's individual rate. The company profits are thus subject to two separate income tax rates.

<h3>What is Double Taxation?</h3>

When business profits are taxed both at the corporate and personal levels, C corporations are subject to double taxation. Before any earnings may be distributed to shareholders, the corporation must pay income tax at the corporate rate. Any gains that are then dispersed as dividends to shareholders are again taxed at the recipient's individual rate. The company profits are thus subject to two separate income tax rates.

To know more about 'Double Taxation', visit: brainly.com/question/15869439

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