William pays $500 every 6 months as a premium on his car insurance with collision coverage. If William were to get in an accident and file a claim, he would pay $750 as a deductible and the insurance would cover the cost of repairs to the vehicles. When you file a claim against your insurance, your next set of premiums typically rise in the event it were to happen again, it brings in more money to the insurance agency. Since William’s car is $700 to fix and the other drivers car is $1,100 to fix if William does not file a claim with his insurance, he will pay an out-of-pocket amount of $1,100 to have the other car repaired.
No, Pam will not succeed.
<u>Explanation:</u>
Pam will not succeed in the case in which she had sued the lottery office for claiming her lottery money which she had won. The reason for this is that she had lottery ticket.
And the rules of the contract of the lottery say that the ticket of the lottery must be shown if the amount of the lottery has to be claimed by the winner. Since Pam had accepted that rule when she had entered in to the contract, so now she has no right to sue the lottery office.
Answer:
a.) $841,635.85
Explanation:
The value of the Treasury note is the present value of its future cash flows, its semiannual coupon payments and the face value receivable by the investors in the T-note at maturity.
Semiannual coupon=face value*coupon rate*6/12
face value=$1,000,000
coupon rate=6%
semiannual coupon=$1,000,000*6%*6/12
semiannual coupon=$30,000( there would 8 semiannual coupons in 4 years)
The present value of the cash flows can be determined using a financial calculator bearing in mind that the calculator would be set to its default end mode before making the following inputs:
N=8(semiannual coupons)
PMT=30000(amount of each semiannual coupon)
I/Y=5.50%(semiannual yield to maturity=11.00%*6/12)
FV=1000000(the face value of T-note)
CPT
PV=$841,635.85
FIFO stands for First In First Out and LIFO stands for Last In First Out.
Answer: LIFO produces more favorable cash flow because LIFO PRODUCES LOWER INCOME TAX EXPENSE.
During inflation, LIFO approach is adopted for tax benefits. With the rise in prices, LIFO produces higher cost of sold amounts of goods.
Answer:
I've seen before accounts can get removed by mods so maybe ask a moderator to disable your account.