Answer:
No, It will not be same for Used vehicles.
Auto market is cyclical in nature, that reflects that it acts according to change in market. When there is economic expansion, the market grows as people have high tendency to spend, and during recession people do not have high tendency to spend, therefore, during recession people pay for repairs or even if it is not possible to repair vehicles, they tend to buy a used vehicle.
Because used vehicle will cost less as compare to a new vehicle.
Therefore, generally it will have complete opposite relation with market scenarios.
Answer: 11.59
Explanation:
From the question, we are told that the stock price a year from now will be either $130 or $90 with equal probabilities. This means that the prices have a 50% chance of occuring.
Therefore, the value of a call option with an exercise price of $110 and an expiration date 1 year from now should be worth:
= 0.5[(105 - (90/1+0.10)]
= 0.5(105 - 81.82)
= 0.5(23.18)
= 11.59
Answer:
False
Explanation:
The invisible hand is a concept which was presented by Adam Smith in 1759. According to the concept, market forces were referred to as the invisible hand, which helps to move the free market economy. The market forces interact with each other to bring the market back to equilibrium. The general idea was these invisible forces can bring the market back to equilibrium without government intervention.
Answer: Special damages
Explanation: In simple words, special damages refers to the claim made by the injured person for the losses he or she suffered due to negligence of duty by the defendant.
In the given case, the train that is owned by the modern railways collided with a truck owned by craft co resulting in a loss of $100,000 of the former.
Hence if Craft co proves that the accident happened due to the negligence from the side of modern railways then they can claim special damages.
Answer:
$1,500
Explanation:
With regards to the above, we would compute Benson's Company bad debt expense for 2013 as;
= Estimated uncollectible accounts as of 31, December 2013 - Credit balance in the allowance for doubtful account before adjustment at December 31, 2013.
= $1,800 - $300
= $1,500
Therefore, Benson Company would report $1,500 as bad debts expense in 2013.