The most recent financial statements for cornwall, inc., are shown here: income statement balance sheet sales $ 6,000 current assets $ 2,700 current liabilities $ 2,200 costs 4,950 fixed assets 9,100 long-term debt 3,750 taxable income $ 1,050 equity 5,850 taxes (34%) 357 total $ 11,800 total $ 11,800 net income $ 693 assets, costs, and current liabilities are proportional to sales. long-term debt and equity are not. the company maintains a constant 40 percent dividend payout ratio. as with every other firm in its industry, next year’s sales are projected to increase by exactly 10 percent. what is the external financing needed? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

Which of the following statements about brand names is true? brand names give the seller an incentive to provide consistently high-quality products and services in order to protect the reputation of the brand. brand names are always economically wasteful since they dupe consumers into buying more expensive goods and services that are no different from generic versions. it is always rational to prefer brand names over generic substitutes. read the following example and determine whether it illustrates a common critique or defense of advertising. musashi sees a commercial for a brand x clothing company that depicts the wearers of the clothes out having a good time with friends. although he doesn't particularly need new clothes, the commercial prompts him to buy a brand x t-shirt.

Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?

Kendra knight took part in a friendly game of touch football. she had played before and was familiar with football. michael jewett was on her team. in the course of play, michael bumped into kendra and knocked her to the ground. he stepped on her hand, causing injury to a little finger that later required its amputation. she sued michael for damages. he defended on the ground that she had assumed the risk. kendra claimed that assumption of risk could not be raised as a defense because the state legislature had adopted the standard of comparative negligence. what happens if contributory negligence applies? what happens if the defense of comparative negligence applies?