Abc co. wants to market their products in brazil. armed with the design and manufacturing capability, abc looks for a company with the distribution channels and knowledge of the brazilian culture necessary to market their products. after conducting research, abc decides to form a partnership with xyz inc. in brazil. the company will be jointly owned and operated. in this scenario, abc co. forms a(n) with xyz inc.
a) joint venture
b) operating subsidiary
c) franchise
d) licensing agreement

Suppose that the firm cherryblossom has an orchard they are willing to sell today. the net annual returns to the orchard are expected to be $50,000 per year for the next 20 years. at the end of 20 years, it is expected the land will sell for $30,000. calculate the market value of the orchard if the market rate of return on comparable investments is 16%.

Casey communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. this action had no effect on the company's total assets or operating income. which of the following effects would occur as a result of this action? a. the company's current ratio increased.b. the company's times interest earned ratio decreased.c. the company's basic earning power ratio increased.d. the company's equity multiplier increased.e. the company's debt ratio increased.

Who would be most critical of these statements about free trade agreements?