1.When does a contract have to be in writing in order to be enforceable? How would a party prove that an oral contract had been entered into by the parties without the presence of a written document proving the agreement?

2.Identify five questions that influence the negotiation process between a business buyer and a seller?

3.What is a franchise and how does it work?

4.What is the difference between a product and trademark franchise vs. a business format franchise? Which type of franchise is most common for entrepreneurial firms?

5.Kimberly Jones is the founder of a company in the medical equipment industry. Kimberly's firm is still in the feasibility analysis stage and doesn't have a product that is ready to sell. The company is spending about $25,000 per month and expects to maintain that level of spending until it reaches profitability. The $25,000 a month is Kimberly's:

a. consumption rate

b. utilization rate

c. burn rate

d. usage rate

e. liquidity rate

6.What is a saving clause? Why would an entrepreneur want to include a saving clause in a contract?

7.What is assent in a contract and what invalidates it?

1. Lucky Buy Company’s stock has suffered due to several warranty-related lawsuits filed against the company. The company revamped their warranty program and introduced additional customer services to improve the customer experience. Yet, its stock price is only $13 per share. Management is planning a two-for-seven reverse stock split to increase the stock price and bring it closer to the average stock price in the industry. Assume that John Thornton, the last remaining co-founder of the firm, owns 420,000 shares. (7 points)

1.    How many shares will he own after the reverse stock split?
2. What is the anticipated price of the stock after the reverse stock split?
3.    Because investors often have a negative reaction to a reverse stock split, assume the stock only goes up to 85 percent of the value computed in part b. What will the stock’s price be?
4. How will the total value of John Thornton’s holdings change from before the reverse stock split to after the reverse stock split (based on the stock value computed in part c)?

Questions 1 [40 marks]

Former President Jacob Zuma unveiled the free education plan on the 16th of December 2017. Further to that, in the 2017 budget speech, former Finance Minister Malusi Gigaba announced that an additional R57 billion over the next three years had been allocated to fund free education for students who come from families with a combined income of R350 000. This was on top of the R10 billion provisionally allocated in the 2017 budget. Furthermore, the value added tax (VAT) increased from 14% to 15% on the 1 st of April 2018.

Discuss the demand and supply sides effects of the developments on the performance of the South African economy.

a. At a macroeconomic level [20 Marks]

b. At a microeconomic level [20 Marks]

Using the Securities and Exchange Commissions’ website, select a publicly traded company and review their 10K report for controls and procedures (Item 9 and Item 9A). Discuss your findings and share your thoughts on what the company has disclosed.

EDGAR Company Filing: U.S. Securities and Exchange Commission. Retrieved from http://www.sec.gov/edgar/searchedgar/companysearch.html

NEW YORK -- Herbalife, a Los Angeles-based health and nutrition company, bribed Chinese government officials for a decade to grow its overseas business and falsified accounting records to cover up the payments, U.S. prosecutors said Friday in announcing corruption charges against the publicly traded company.

Herbalife agreed to pay combined penalties of more than $123 million to resolve the charges, federal prosecutors said.

The company admitted to the conspiracy as part of a deferred prosecution agreement it reached with the U.S. Justice Department and the U.S. Attorney's Office in Manhattan.

The charges were brought under the Foreign Corrupt Practices Act, which prohibits bribery of foreign government officials or company executives to secure or retain business.

Herbalife did not immediately respond to a message seeking comment.

Company officials began paying off Chinese government officials in 2007 in a bid to obtain licenses from national and local authorities the company needed to sell health and nutrition products.

They also bribed a state-owned media outlet “for the purpose of removing negative media reports about Herbalife China,” prosecutors said.

Herbalife falsely recorded the improper payments as “travel and entertainment expenses,” prosecutors said.

Herbalife has long been embroiled in litigation and regulatory actions over its business practices, which have been compared by some to a pyramid scheme.

Prosecutors said the company also agreed to pay more than $67 million in disgorgement — repayment of ill-gotten gains — and prejudgment interest to the Securities and Exchange Commission.

Question - What are your thoughts about this company? Violations of the Foreign Corrupt Practices Act are alleged. Do you think such regulations/laws are outdated?

Any company in the U.S. that plans to issue stocks or bonds is required by the Securities and Exchange Commission to provide its balance sheet and income statement to the public. Why is this requirement in place? What kind of information that would be useful to potential investors can be found in these financial statements? Explain in detail.

My professor ask that the responses be at least two paragraphs long, but encourages we write more than that. Can someone who is knowledgeable in this subject please help?

Any company in the U.S. that plans to issue stocks or bonds is required by the Securities and Exchange Commission to provide its balance sheet and income statement to the public. Why is this requirement in place? What kind of information that would be useful to potential investors can be found in these financial statements?

Any company in the U.S. that plans to issue stocks or bonds is required by the Securities and Exchange Commission to provide its balance sheet and income statement to the public. Why is this requirement in place? What kind of information that would be useful to potential investors can be found in these financial statements?

Can someone please provide a thorough explanation? My professor requires the responses to be at least 2 paragraphs but encourages it be more than that

Any company in the U.S. that plans to issue stocks or bonds is required by the Securities and Exchange Commission to provide its balance sheet and income statement to the public. Why is this requirement in place? What kind of information that would be useful to potential investors can be found in these financial statements?

2-3 paragraphs minimun

Darvish Company is a European subsidiary of Cubbie Corporation, a U.S. company. Darvish had the following balance sheet at December 31, 20X1:

There are no differences between local GAAP and U.S. GAAP for Darvish. Cubbie translates Darvish’s financial statements into U.S. dollars using the current rate method.

Required:

1. What is the amount of Darvish’s translation exposure at December 31, 20X1?
2. Ignoring any changes in Darvish’s translation exposure that might arise during 20X2, what amount of translation gain or loss arises in 20X2 if the euro’s value falls from $1.20 at December 31, 20X1, to $1.15 at December 31, 20X2?
3. Is the translation gain or loss referred to in Requirement 2 included in net income or in other comprehensive income?