Mr. and mrs. davis, tenants, decide to have their apartment redecorated, on june 15. contractor jones says he will do the job for $4,000 and informs smith (the property owner), by registered letter, the job will be completed by june 13. upon completion, davis tells jones to see smith for payment. will smith be liable?

If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine

rural residential development company and suburban real estate corporation form a joint stock company. the longest duration a joint stock company can be formed for is

Which are the best examples of costs that should be considered when creating a project budget?