Answer:
A. $1,568.07
Explanation:
Amount financed = (1 - .25) ×$287,500 = $215,625
PV = $215,625 = C × (1 - {1 / [1 + (.0375 / 12)]180}) / (.0375 / 12) C = $1,568.07
Answer:
The contract is discharged because of True Impossibility
Explanation:
The situation in which the performing of the contract becomes impossible for a party to contract because of the change in situation which made it impossible for the party to contract to perform the contract. In such situation, the party is allowed to breach the contract.
In the given scenario, due to the death of the employee's death, the employer can breach the contract because Baldrick after death can not perform the serice (Dead people don't perform contracts). So performing of the conrtract is impossible here and Cozette is not liable for paying the rest amount of salary for the after death period.
Answer: technological discovery; economic dislocation
Explanation:
In the scenario described, Karen had spotted an entrepreneurial opportunity that was created by the new extraction technique, or a technological discovery. When there's a technological discovery, there will be new opportunities for people.
The technological discovery created an oil boom or an economic dislocation. When there's a change in economic conditions as a result of displacement of some workers, we say the affected people have been dislocated from the affected economy, in terms of employment.
Investors and managers are two decisions makers who use accounting information to make decisions. Accounting is often referred to as the language of business because it measures business activities, both good and bad. It allows decision makers to have quantitative (numbers) data to base their decisions from.