In order to determine if the case she was hearing broke the law, Judge Jane referred to prior rulings on the same subject. In other words, the judge is relying on precedent to make her decision

Surf and Spray Inc. has a beta equal to 1.8 and a required return of 15% based on the CAPM. If the

market risk premium is 7.5%, the risk-free rate of return is A) 2.0%. B) 3.4%. C) 1.5%. D) 4.1%.

Operating income can be calculated by:

A. Dividing fixed costs by the contribution margin ratio. B. Multiplying fixed costs by the contribution margin ratio. C. Multiplying the margin of safety by the contribution margin ratio. D. Dividing the margin of safety by the contribution margin ratio.