Answer:
Elegant Limited
a) Association for the sales of cars based on the REA model:
The association indicates the relationships that exist between economic agents in the sales of cars. The relationships are between the seller (Elegant Limited) and the buyers or customers (private buyers and investors). The association based on the REA model is that each economic agent exchanges some economic resources during an economic event. Elegant Limited will give cars to customers in exchange for cash or initially and in some cases, a promise to pay cash later. This is an economic event. When the customer pays, another economic event takes place, and resources are also exchanged.
b) Cardinality of the sales of cars: The cardinality defines the elements involved in the sales of cars based on the REA model. The elements are the economic resources (cars and cash), the economic events or business transactions that take place (sales of cars and payment of cash), and the economic agents (Elegant Limited and customers) who make the events and the exchange of resources to happen.
Explanation:
The REA model is a framework for defining business processes. It was originally proposed in 1982 by William E. McCarthy as a generalized accounting model, and contained the concepts of resources, events, and agents. It proposed to replace accounting objects like assets and liabilities with real-life objects, including:
1) goods, services or money, or resources
2) business transactions or agreements that affect resources, events
3) people or other human agencies (other companies, etc.), agents.
Answer:
see below
Explanation:
A progressive tax system imposes taxes depending on income earned. The higher the income, the higher the tax rate. It means individuals and entities with a higher income with pay more taxes. A progressive tax system promotes equity by imposing higher taxes on the wealthy and lower taxes on the poor. The US income tax system is an example of a progressive tax.
A regressive tax system does not discriminate on income. It taxes all eligible taxpayers equally regardless of their income level. A regressive tax applies the same tax rate for everyone. Sale tax imposed on goods sold is an example of regressive tax. The regressive tax system takes a higher proposition of income from the low-income earners.
Answer:
Price changes are independent but not biased in efficient market hypothesis.
Explanation:
In simple words, the efficient-market hypothesis asserts that asset prices represent all relevant knowledge. Because market rates must only respond to fresh knowledge it is difficult to continuously "beat the market" on something like a risk-adjusted approach.
Thus the given statement is partially true.
Answer:
10.00
Explanation:
We haven = 3
Pv = 1000
Rate if interest = 6%
Coupon = 5% x 1000
= 50
∆y = assumed to be 1%
The formula for convexity =
(V- + V+)-2Vo/Vo+(∆y)²
We first solve for Vo
Using the financial calculator
Vo = 973.26
Then we solve for V-
Pv = 1000
Pmt = 50
I = 5%
n = 3
V- = 1000
We solve for V+
I = 7%
Pmt = 50
N = 3
V+ = 947.51
Then the convexity is gotten by putting these values into the formula
= (1000+947.51)-2x973.26/973.26x(1%)²this is approximately
10
Please check attachment for more details
Answer:
$748.48
Explanation:
Cost of wheelchair = $2,007
Down payment = Cost of wheelchair*20% = $2,007*20% = $401.40
Amount of finance = Cost of wheelchair - Down payment = $2,007 - $401.40 = $1,605.60
Interest rate = 18% * 1/12 = 1.5%per month
Term = 54 month
Monthly payment = Amount of finance*I/[1-(1+I)^-n]
Monthly payment = $1,605.60*1.5%/[1-(1+1.5%)^-54]
Monthly payment = $1,605.60*1.5%/[1 - 0.447541]
Monthly payment = $1,605.60*0.015/0.55246
Monthly payment = $43.59411
Total amount paying for loan over a period = Monthly payment * Term = $43.59411 * 54 = $2354.08
Amount of finance charge = Total amount paying for loan - Amount of loan
Amount of finance charge = $2354.08 - $1,605.60
Amount of finance charge = $748.48
