Answer:
win, because Pamela's misrepresentation was not a material fact and did not increase Forever Young's risk in insuring Pamela's life.
Explanation:
A material fact is defined as the rationality of a person making a decision that is important as opposed to one that is trivial or unimportant. It is a fact that if suppressed would have led to a different decision in a particular situation.
Paula will most likely win the case because the lack of disclosure by Pamela of when she had an infected hang-nail removed and her toe treated cannot be linked by a reasonable person to a brain aneurysm.
This lack disclosure would not have increased the risk of Forever Young in Pamela's life insurance.
Answer:
C) Coupon bonds always trade for a discount.
Explanation:
"A coupon bond, also referred to as a bearer bond or bond coupon, is a debt obligation with coupons attached that represent semiannual interest payments. With coupon bonds, there are no records of the purchaser kept by the issuer; the purchaser's name is also not printed on any kind of certificate. Bondholders receive these coupons during the period between the issuance of the bond and the maturity of the bond." Trade them for a discount is not a common characteristic of coupon bonds.
Reference: Chen, James. “Coupon Bond.” Investopedia, Investopedia, 18 Sept. 2019
Answer:
Answer is A
Explanation:
Remember Gross Margin = Gross Profit /Sales Revenue
We already know that Gross Margin = 0.4
We assume sales revenue as the unknown value (S)
Using the relationship above: Gross Profit (GP) = 0.4S
We know that Profit Before Tax = Gross Profit - General & Admin Expenses - Interest Expense
Substitute the values in the equation above.
Profit Before Tax (PBT) = 0.4S - 50 - 20
= 0.4S - 70
To calculate the Tax we multiply the Tax rate (30%) by the PBT
Tax = (0.3) x (0.4S -70)
= 0.12S - 21
We know that Net Income = PBT - Tax
We now substitute the values:
70 = 0.4S - 70 - (0.12S - 21)
Solving the equation for S results in the value of Sales Revenue equaling $425.
Answer:
Clinton and Trump on fiscal policy In the 2016 Presidential election campaign
The policy that will change aggregate demand (AD) the most is a cut in taxes.
Explanation:
Aggregate demand is fueled mostly by household consumption. A cut in taxes increases the marginal propensity to consume (MPC) and reduces the marginal propensity to save (MPS), but at the same time fuels the marginal propensity to invest by firms trying to meet the new aggregate demand, thereby increasing the aggregate supply (AS) which is the real GDP output.
Answer:
$961.42
Explanation:
firstly, we calculate the clean clean price below:
FV= 1,000
PMT= 40 (80 / 2)
I= 4.5 (9 / 2)
N= 14 (7 × 2)
Thus, PV= 948.89
Accrued Interest = coupon × (days since last payment/days in current coupon period)= 40 × (57 / 182) = 12.53
conclusively, dirty price = 948.89 + 12.53 = 961.42
