Whitewater Canyon Adventures,Inc

question 27

Multiple Choice

Whitewater Canyon Adventures,Inc.,and Xtra Overstock Company enter into an oral contract for Xtra's sale to Whitewater of five rafts for $2,000 each.Before Whitewater takes possession of the rafts,this contract is enforceable by

• A)Xtra only.
• B)Whitewater only.
• C)any interested third party,such as a Whitewater tour guide.
• D)none of the choices.

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Definitions:

Future Earnings Prospects

The expected profitability of a company or investment in future periods based on current and forecasted conditions.

Stock Price

The market value of a single share of a company's stock, determined by supply and demand dynamics in the stock market.

Beta

A measure of the volatility, or systematic risk, of a security or portfolio in comparison to the market as a whole.

Required Rate Of Return

The minimum annual percentage earnings necessary to attract an investor to a particular investment, considering the risk associated with it.