The U.S. Supreme Court determine that the federal government did not overstep its bounds under the commerce clause when it enacted the Controlled Substances Act of 1970- Gonzalez v. Raich Case
Explanation:
<u>Gonzales v. Raich</u> was a case in which Raich was permitted to grow and use Marijuana for medical purposes but the federal agents seized the marijuana plantation and destroyed it.
<u>Raich then seeked action under the federal Comprehensive Drug Abuse Prevention and Control Act (CFA).
In the decision taken by the U.S Supreme court under the commerce clause of the US Constitution,that the congress has the power to criminalize the use and production of home-grown marijuana even if state law allows its use for medicinal purposes.</u>
Answer:
The RR may change the account number on the order ticket to correct number if the branch manager so agrees and provides in written.
Explanation:
In the given case, we know that when the customer buys shares he provides all the details as Name, Address, Contact Details, mail id, etc:
Now when the account number do not match as to the original of the customer, she the registered representative shall confirm to the original information and if the customer is same the details if any which are not correct shall be changed in records if the branch manager so agree.
As this is beneficial to the both the branch manager and the customer.
Answer: The current price of the bond is $258.74
Explanation:
The present value of the bond is its Current Price
We would use the following formua to calculate the Current Price of the bond,
PV = 
+ A ![[\frac{1-\frac{1}{(1+r)^{N} } }{r} ]](https://tex.z-dn.net/?f=%5B%5Cfrac%7B1-%5Cfrac%7B1%7D%7B%281%2Br%29%5E%7BN%7D%20%7D%20%7D%7Br%7D%20%5D)
Where,
FV = Face value = $1,000
A = Coupon payment paid semi annually = (8% x 1000) / 2 = $40
r = Yield to Maturity = 16%
N = Number of periods = 15 years x 2 = 30 semi-annual periods
PV = 
+ 40 ![[\frac{1-\frac{1}{(1+0.16)^{30} } }{0.16} ]](https://tex.z-dn.net/?f=%5B%5Cfrac%7B1-%5Cfrac%7B1%7D%7B%281%2B0.16%29%5E%7B30%7D%20%7D%20%7D%7B0.16%7D%20%5D)
PV = 258.73618
Answer:
b)less than $500,000 today, but a positive amount.
Explanation:
By the virtue of the concepts of compounding and discounting, we understand that $1 today is worth more that $1 in the future.
Where Pv = Present value
Fv = Future value
r = discount rate
t = time
Fv = Pv ( 1 + r)^t
As such If a firm can earn a profit stream of $50,000 per year for 10 years, that profit stream is worth less than $500,000 today, but a positive amount.
A large industrial sector doesn’t
always indicate that a nation is fully developed because the standard of living
may not have risen with industrial growth. An example of this is North Korea.
It has a large industrial sector but also a low standard of living, so it’s not
considered developed. The correct answer between all the choices given is the
second choice or letter B. I am hoping that this answer has satisfied your
query and it will be able to help you in your endeavor, and if you would like,
feel free to ask another question.
