Answer: The correct answer is "D. Caleb is personally jointly and severally liable along with Anna.".
Explanation: Caleb is personally jointly and severally liable along with Anna. When there is joint and several liability, a person has the right to claim payment of a debt or compensation for damage to any of those responsible or even all of them, without anyone being able to excuse themselves to evade their responsibility.
Answer:
It can be tempting to pay the minimum amount due on your credit card bill, but it can be really expensive in the long run. Here's what happens if you only pay the minimum on your credit card.
Answer:
-911.51 the debt will decrease if sales increase 12%
Explanation:
sales: 28,400
increase of 12%
new sales: 31,808
<em><u>profirt margin:</u></em>
2,250/28,400 = 0.0792 = 7.92%
income: 31,808 x 7.92% = 2,519.19
retained earnigns grow: (1-payout ratio) = 0.6
2,519.19 x 60% = 1,511.514
Increase in working capital: 5,000 x 12% = 600
Asset requirement - reteined earnigns grow = financial needs
600 - 1,511.51 = -911.51
Explanations:
The formula for future value given
deposit amount, A = 2000
deposit interest, i = 8% annually = 8/4 = 2%, compounded quarterly
compounding period = quarterly
number of periods, n = 15 years = 4*15 = 60 periods (quarters)
The future value is given by:
FV = A*((1+i)^n-1)/i
= 2000*(1.02^60/0.02)
= $228103.08 (rounded to the nearest cent).
The difference in the answer choice is probably due to the teacher's calculator does not have sufficient accuracy.
Answer:
Increased education adds to the stock of human capital, not unlike building factories adds to the stock of physical capital.
Explanation:
Economic growth can be defined as a persistent increase in the real Gdp of a country overtime.
An increase in the quantity of labour doesn't always lead to economic growth.
An increase in the productivity of labor leads to economic growth.
Third world countries aren't usually rich in human capital. One of the measures of human capital is education. Education is usually deficient in third world countries.
Factors that lead to economic growth are :
1. Improvement in technology
2. Investment in physical capital.
3. Increased availability of natural resocurces.
4. Investment in human capital
I hope my answer helps you
