Mark lived in Kingston Ontario and purchased a Kleen Kar franchise for $80,000
A month after he bought the franchise he realized that the franchisor had failed to disclose most of the key information required under the Ontario law regulating franchises and had lied about key facts. Mark soon discovered Kleen Kar was almost bankrupt and the owners had been jailed previously for fraud. As a result Mark
A) could sue the franchisor's officers and directors personally
B) can have the contract rescinded
C) can get back his $50,000 and related costs
D) all of the above
E) can do nothing as he should have investigated more carefully before he bought the franchise
D
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Savannah Corporation purchased 35,000 shares of common stock of the Boulet Corporation for $50 per share on January 2, 2017. During 2017, Boulet Corporation had 140,000 shares of common stock outstanding, paid cash dividends of $120,000, and reported net income of $320,000. Savannah Corporation should report revenue from investment for 2017 in the amount of:
(a) $0 (b) $30,000 (c) $50,000 (d) $80,000
You are faced with a linear programming objective function of:
Max P = $20X + $30Y and constraints of: 3X + 4Y = 24 (Constraint A) 5X - Y = 18 (Constraint B) You discover that the shadow price for Constraint A is 7.5 and the shadow price for Constraint B is 0. Which of these statements is TRUE? A) You can change quantities of X and Y at no cost for Constraint B. B) For every additional unit of the objective function you create, you lose 0 units of B. C) For every additional unit of the objective function you create, the price of A rises by $7.50. D) The most you would want to pay for an additional unit of A would be $7.50.