Land Dec. 1 31,600 25,200 Dec. 2 Dec. 2 6,200 11,600 Dec. 3 Dec. 5 25,000 6,100 Dec. 4 Dec. 6 12,500 1,200 Dec. 6 Dec. 7 29,200 17,100 Dec. 10 Bal. correct incorrect correct correct Notes Payable Dec. 1 12,700 54,600 Dec. 2 Dec. 2 2,000 23,800 Dec. 3 Dec. 5 9,600 14,500 Dec. 4 Dec. 6 4,800 2,600 Dec. 6 Dec. 7 11,300 37,100 Dec. 10 correct correct incorrect Bal. correct

Aldrich and co. sold goods to donovan on credit. the amount owed grew steadily, and finally aldrich refused to sell any more to donovan unless donovan signed a promissory note for the amount due. donovan did not want to but signed the note because he had no money and needed more goods. when aldrich brought an action to enforce the note, donovan claimed that the note was not binding because it had been obtained by economic duress. was he correct? [aldrich & co. v. donovan, 778 p.2d 397 (mont.)]

Rossdale co. stock currently sells for $68.91 per share and has a beta of 0.88. the market risk premium is 7.10 percent and the risk-free rate is 2.91 percent annually. the company just paid a dividend of $3.57 per share, which it has pledged to increase at an annual rate of 3.25 percent indefinitely. what is your best estimate of the company's cost of equity?

United continental holdings, inc., (ual), operates passenger service throughout the world. the following data (in millions) were adapted from a recent financial statement of united. sales (revenue) $38,901 average property, plant, and equipment 17,219 average intangible assets 8,883 1. compute the asset turnover. round your answer to two decimal places.