Tee time golf resort found that jordan spieth wants to put his name on golf course designs. however, for any course to be acceptable, it will cost at least $20 million to build. the plan is to purchase real estate for four new golf resorts. proceeding with their venture, the owners have calculated that they will need approximately $100 million. but putting together an ipo is another matter. after meeting with their investment banker, they believe that investors will be willing to pay $22/share for the ipo. as the for this issue, the investment bank requires 3% of the revenues generated by the sale. tee time will need to issue shares in order to have the $100 million they need to proceed with their plan.

Which of the following statements is correct? a) due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u. s. businesses (in terms of number of businesses) are organized as corporationsb) most businesses (by number and total dollar sales) are organized as proprietorships or corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, primarily because corporations have important tax advantages over proprietorships and partnerships. c) due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatmentd) large corporations are taxed more favorably than proprietorshipse) corporate stockholders are exposed to unlimited liability

Suppose the number of equipment sales and service contracts that a store sold during the last six (6) months for treadmills and exercise bikes was as follows: treadmill exercise bike total sold 185 123 service contracts 67 55 the store can only sell a service contract on a new piece of equipment. of the 185 treadmills sold, 67 included a service contract and 118 did not.

The rybczynski theorem describes: (a) how commodity price changes influence real factor rewards (b) how commodity price changes influence relative factor rewards. (c) how changes in factor endowments cause changes in commodity outputs. (d) how trade leads to factor price equalization.