Estime Chapter 10 Critical Thinking Cases. 10.1. Was there a contract between the Mesaros and the United States? Answer: Yes. There was a contract between Mesaros and the United States. Above on the customers signature form it stated‚ “Yes‚ please accept my order for the U.S. Liberty Coins I have indicated.” This made it a contract between Mesaros and the United States. 10.2. Did a contract to convey real property exist between Heikkila’ and McLaughlin? Answer: No. A contract to convey real
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a nationwide product boycott. b. They called for the passage of state legislation to shorten the workday. c. They engaged in sabotage against the machines. d. They organized and went on strike. 2. The development of a national railroad system was hampered by which of the following? a. The absence of a national standard for track width b. The public’s fear concerning the safety of rail travel c. The refusal of most financial institutions to grant loans for rail construction d. The cost of
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Explain why market prices are useful to a financial manager. A market price is the current price at which an asset or service can be bought or sold. (investopedia.com). Market prices are very useful to a financial manager. It helps with financial planning and it reflects the value of the assets based on GAAP (which refers to the Generally Accepted Accounting Principles). GAAP is just a set of guidelines that must be followed when it comes to any type of financial practice. Market price is also
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Explain the main reasons why financial markets and financial intermediaries exist. Under recent years‚ our financial institutions have come under intense criticism‚ questioning their very purpose. In order to look at the questions that arise as to why financial markets and intermediaries exist‚ it is first important to look at what they are. Financial intermediaries and market’s main purpose is to create a mechanism where money can be reallocated to their most productive opportunities(Casu et al
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Reducing U.S. Poverty Rates: How Organized Labor Can Help Intro The current wealth inequality and continuing rise in poverty rates within the United States has troubling implications for a country that prides itself on being the “land of opportunity.” In recent years‚ wealth inequality has soared‚ reaching historic heights that are higher than any other developed Western country and rival those on the eve of The Great Depression (Fischer et al. 1996‚ Saez 2008). The top one percent of Americans
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Caladonia Products Integrative Problem FIN 370 As a newly assigned assistant financial analyst at Caledonia Products‚ Team D has been charged with calculating the cost of two projects‚ projected returns‚ cost of equipment‚ and finally a recommendation as to which project to pursue and why. In order to make a recommendation we need all potential cost incurred‚ unit price‚ projected sales‚ and market information. The cash flows associated with these projects are as follows: |YEAR
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Elizabeth Zander CHAPTER 20 Problem # 1 page 397 Firm A has $10‚000 in assets entirely financed with equity. Firm B also has $10‚000 in assets‚ but these assets are financed by $5‚000 in debt (with a 10 percent rate of interest) and $5‚000 in equity. Both firms sell 10‚000 units of output at $2.50 per unit. The variable costs of production are $1‚ and fixed production costs are $12‚000. (To ease the calculation‚ assume no income tax.) Firm A Assets 10‚000 Firm B Assets 10‚000 $5‚000
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In the year 2000‚ there was only about 8.5 million undocumented immigrants in the United States. A few years later‚ we added up to 11 million undocumented people. Statistics shows that 86 percent of those people have lived in America for about seven years or more. The majority of undocumented people try to live in a friendlier state‚ if possible‚ to avoid deportation. States like‚ Arizona‚ Utah‚ Georgia‚ Indiana‚ Alabama‚ and South Carolina have applied immigration enforcement laws that target illegal
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In the 1640’s homelessness began to be an issue in the United States‚ and over time the homeless population continues to grow. During this time period not having a home was seen as god’s way of punishing the people. According to most religious folk as long as you didn’t disobey god your needs would always be met (Fischer). Youth homelessness first appeared in the 1850’s‚ the biggest reasoning for this is because parents could not afford to care for their young adults anymore. During the Industrial
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A financial intermediary‚ by definition‚ is responsible for the process of transferring money from economic agents with a surplus of funds to economic agents with a deficit of funds‚ and is known as financial intermediation. This is achieved by means of a financial security‚ such as stocks and bonds. The mechanism that allows the trade of such financial securities is known as a financial market. Financial markets aim to facilitate the raising of capital‚ as well as the transfer of risk between
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