Voluntary exchange, or the law against stealing. A voluntary exchange is one of the hallmarks of a free market. Stealing is the taking of goods against another's will, or involuntarily.
Answer:
Correct answer is option c. $3 million.
Explanation:
Step 1. Given information.
- 3 million gain
- 50 million sales
Step 2. Formulas needed to solve the exercise.
The withholding amount on the part of the purchaser of this land = Total consideration value * 6%
Step 3. Calculation.
= $50 million *6%
= $3 million
Step 4. Solution.
Therefore correct answer is option c. $3 million.
B being featured on the evening news
Answer: $4175
Explanation:
The Other Than Collision coverage is the payment to repair a vehicle when the damage caused isn't when one collides with another vehicle.
In this case, since Mary runs over a deer with her car, we'll deduct the other than collision deductible from her cost of the repair and this will be:
= $4375 - $200
= $4175
The insurer will pay Mary $4175
