Percy is a rich boy whose parents supply him with every conceivable necessity of life. while still a minor, percy buys a coat on credit from a men's store for $5000. after wearing the coat for a while, percy decides that it bores him and that he'd like to disaffirm. which of the following is most likely to be true? assume that percy is still a minor.
1. percy can disaffirm the contract, and he must return the coat.
2. percy cannot disaffirm the contract, but he only is liable for the reasonable value of the coat.
3. percy cannot disaffirm the contract, and he is liable for the full price of the coat ($5000).
4. percy can disaffirm the contract and he need not return the coat.

You have just received notification that you have won the $2.0 million first prize in the centennial lottery. however, the prize will be awarded on your 100th birthday (assuming you're around to collect), 66 years from now. what is the present value of your windfall if the appropriate discount rate is 8 percent?

Suppose the number of equipment sales and service contracts that a store sold during the last six (6) months for treadmills and exercise bikes was as follows: treadmill exercise bike total sold 185 123 service contracts 67 55 the store can only sell a service contract on a new piece of equipment. of the 185 treadmills sold, 67 included a service contract and 118 did not.

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.