Answer:
d. set aside the award.
Explanation:
Arbitration is the means by which legal issues are settled with the help of an impartial party called the arbitrator. In an arbitration the parties are bound by decisions made. All parties must be present and agree to the settlement terms.
However in this instance the arbitrator met with only one party (Far Trade Company) and made a settlement. This settlement is not binding on Global Shipping since they did not attend the meeting and agree to the settlement terms.
Answer:
$488.89
Explanation:
Data provided in the question:
Interest rate = 6% = 0.06
Since the interest is compounded quarterly, n = 4
Interest rate per period = 0.06 ÷ 4 = 0.015
Time = 12 months i.e 1 year
Future value = $6,000
Therefore,
Annuity per quarter = Future value × ![[\frac{r}{(1+r)^n-1}]](https://tex.z-dn.net/?f=%5B%5Cfrac%7Br%7D%7B%281%2Br%29%5En-1%7D%5D)
or
Annuity per quarter = $6,000 × ![[\frac{0.015}{(1+0.015)^4-1}]](https://tex.z-dn.net/?f=%5B%5Cfrac%7B0.015%7D%7B%281%2B0.015%29%5E4-1%7D%5D)
or
Annuity per quarter = $6,000 × 0.244
or
Annuity per quarter = $1466.67
Therefore,
Deposits per quarter = Annuity per quarter ÷ Number of months per quarter
= $1466.67 ÷ 3
= $488.89
Answer:
6% = 4500
5% = 3500
Explanation:
wo equations can be derived from the question
x + y = $8,000 equation 1
0.05x + 0.06y = $445. equation 2
x = amount invested in 5%
y = amount invested in 6%
multiply equation 1 by 0.05
0.05x + 0.05y = 400 equation 3
subtract equation 3 from 2
0.01y = 45
y = $4500
substitute for y in equation 1
8500 - 4500 = 3500
Answer:
TRUE
Explanation:
Supply is sellers ability and willingness to sell a good at given price, time period.
Price of Inputs is a factor negatively effecting Supply. This implies decrease in supply at high input prices (because of lower profit margin), increase in supply at low input prices (because of higher profit margin).
Increase in Supply means rightwards shift in upward sloping supply curve, Decrease in Supply means leftwards shift in upward sloping supply curve.
Steel is an input used in car manufacturing; so increase in steel price will decrease car supply & shift the supply curve leftwards. This will create excess demand/ deficient supply/ shortage of cars in the market at old equilibrium price.
This shortage will then create competition among buyers & increase price, which will contract demand & expand supply - establishing new equilibrium.
