Sonny and cher were a popular singing duo in the 1970's. after establishing their success in the music business, they met to decide how future earnings should be split among the two partners. together, they could earn $5 million per year from their music act. separately, cher could earn $1 million as an actress, and sonny did not have any outside options for employment. how much of the $5 million joint earnings should be paid to cher? a. $1 million b. $2 million c. $2.5 million d. $3 million

Which of the following statements is true about financial planning

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.

The fiscal 2016 financial statements of nike inc. shows average net operating assets (noa) of $8,450 million, average net nonoperating obligations (nno) of $(4,033) million, average total liabilities of $9,014 million, and average equity of $12,483 million. the company's 2016 financial leverage (flev) is: select one: a. (0.477) b. (0.559 c. (0.323) d. (0.447) e. there is not enough information to determine the ratio.