Quince owns a used-car lot where ray works as a salesperson. quince tells ray not to make any warranties for the cars. to make a sale to sylvia, however, ray adds a 50,000 mile warranty. later, sylvia sues quince for breach of warranty. quince's right to hold ray liable for any damages he has to pay sylvia arises from the following:
a) reimbursement
b) the unauthorized act
c) avoidance
d) cooperation

Goods and services that can be used for the same purpose are and goods and services that are used together are

What are the general categories of capital budget scenarios? describe the overall decision-making context for each.

Examine the following book-value balance sheet for university products inc. the preferred stock currently sells for $30 per share and pays a dividend of $3 a share. the common stock sells for $16 per share and has a beta of 0.9. there are 2 million common shares outstanding. the market risk premium is 9%, the risk-free rate is 5%, and the firm’s tax rate is 40%. book-value balance sheet (figures in $ millions) assets liabilities and net worth cash and short-term securities $ 2.0 bonds, coupon = 6%, paid annually (maturity = 10 years, current yield to maturity = 8%) $ 5.0 accounts receivable 3.0 preferred stock (par value $15 per share) 3.0 inventories 7.0 common stock (par value $0.20) 0.4 plant and equipment 21.0 additional paid-in stockholders’ equity 13.6 retained earnings 11.0 total $ 33.0 total $ 33.0 a. what is the market debt-to-value ratio of the firm? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) b. what is university’s wacc? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)