In january, alex promised to pay y-k inc. $5,000 if it would refrain from filing suit against him on a breach of contract action. y-k agreed and accepted a $5,000 check from alex. which of the following statements is correct? a. y-k's promise to refrain from suing alex was not supported by legal consideration. b. y-k's promise to refrain from suing alex was supported by legal consideration and is enforceable. c.this is an accord and satisfaction, and y-k cannot sue. d. the courts would apply promissory estoppel in this situation

At a young age, ebony's coaches were confident she had the potential to be a world-class swimmer with a future coaching career. after four years on an athletic scholarship and olympic experience under her belt, she chose a different path. with her savings and personal connections, she rented a corner building in a bustling san francisco neighborhood and pursued her dream: a surf shop business. ebony's dream was rooted in which basic right of free-market capitalism?

Assume today is december 31, 2013. barrington industries expects that its 2014 after-tax operating income [ebit(1 – t)] will be $400 million and its 2014 depreciation expense will be $70 million. barrington's 2014 gross capital expenditures are expected to be $120 million and the change in its net operating working capital for 2014 will be $25 million. the firm's free cash flow is expected to grow at a constant rate of 4.5% annually. assume that its free cash flow occurs at the end of each year. the firm's weighted average cost of capital is 8.6%; the market value of the company's debt is $2.15 billion; and the company has 180 million shares of common stock outstanding. the firm has no preferred stock on its balance sheet and has no plans to use it for future capital budgeting projects. using the corporate valuation model, what should be the company's stock price today (december 31, 2013)? round your answer to the nearest cent. do not round intermediate calculations.

What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk