Daily bread bakeries, inc., contracts to buy all of its ingredient requirements for bread making, at a certain minimum per year, from enriched flour & grain corporation for six years. after three years, daily bread tells enriched that it plans to sell its assets to flat bread shops, inc. flat bread refuses to assure enriched that it will continue daily bread’s contract. refer to fact pattern 18-1. flat bread’s refusal a justified response based on flat bread’s relation to the contract. b an assignment of daily bread’s rights under the contract. c a reasonable suspension of performance under the contract. d a repudiation of the contract.

Which feature transfers a slide show into a word-processing document?

Problem 9-5. net present value and taxes [lo 1, 2] penguin productions is evaluating a film project. the president of penguin estimates that the film will cost $20,000,000 to produce. in its first year, the film is expected to generate $16,500,000 in net revenue, after which the film will be released to video. video is expected to generate $10,000,000 in net revenue in its first year, $2,500,000 in its second year, and $1,000,000 in its third year. for tax purposes, amortization of the cost of the film will be $12,000,000 in year 1 and $8,000,000 in year 2. the company’s tax rate is 35 percent, and the company requires a 12 percent rate of return on its films. required what is the net present value of the film project? to simplify, assume that all outlays to produce the film occur at time 0. should the company produce the film?

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance