Market failure occurs when A. the market system fails to allocate resources to each individual according to their needs. B. the market system fails to allocate resources to each individual according to their abilities. C. the market system fails to allocate an equal share of resources to all individuals. D. the unrestrained market economy leads to too few or too many resources going to a specific economic activity.

Lohn corporation is expected to pay the following dividends over the next four years: $18, $14, $13, and $8.50. afterward, the company pledges to maintain a constant 4 percent growth rate in dividends forever. if the required return on the stock is 14 percent, what is the current share price?

Taking commercial paper means the holder acts honestly

Cherokee inc. is a merchandiser that provided the following information: amount number of units sold 20,000 selling price per unit $ 30 variable selling expense per unit $ 4 variable administrative expense per unit $ 2 total fixed selling expense $ 40,000 total fixed administrative expense $ 30,000 beginning merchandise inventory $ 24,000 ending merchandise inventory $ 44,000 merchandise purchases $ 180,000 required: 1. prepare a traditional income statement. 2. prepare a contribution format income statement.