Answer:
What is entirely true about this contract is:
The contract is a VALID contract but is also a VOIDABLE contract on the part of Larry but NOT on the part of Sprint.
Explanation:
As a minor, Larry (he was under the age of 18 when he signed the contract with Sprint) lacks the contractual capacity to enter into the contractual relationship with Sprint. But since he has signed the contract in exchange for the purchase of the cell phone, Larry can either honor the deal or void the contract. This is why the contract is said to be valid but voidable at Larry's behest. However, after Larry has turned 18, if he has not done anything to void the contract, then the contract with Sprint can no longer be voided.
U. s. treasury securities are considered risk-free because they have minimal if any, default risk.
Given that the U.S. government stands behind them with its full faith and credit, Treasury securities are among the safest investments. According to the maturity period, Treasury securities are separated into three major groups:
- Treasury Notes
- Treasury Bonds
- Treasury Bills
You can buy any of these Treasury securities directly from the US government, through a bank, or through a broker. Despite being low-risk, treasuries do have some risks, such as being affected by inflation and interest rate changes. Treasuries have low returns because they are a secure investment. Federal taxes must be paid on interest received on Treasury securities.
To know more about Treasury securities refer to: brainly.com/question/15004124
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Answer:
The lending ability will increase by $2.25 billion.
Explanation:
The reserve requirement is given at 25%.
If federal reserve bank buys $3 billion in government securities, the total reserve will increase by $3 billion.
The excess reserve will be
=Increase in total reserve-required reserve
=$3 billion-25% of $3
=$(3 billion- .25*3) billion
=$(3-0.75) billion
=$2.25 billion
Take home pay is the other term used for gross salary.Take home pay happens when all the tax and other payment obligations is already deducted. For Example: => you're monthly salary is 15 000 dollars. => your tax for example is 1500 dollars per month => then you have to pay also for your sss, pag-ibig, philhealth and any other payment that needs to be settled.<span>The your salary, minus the tax and other payments is equals the take home pay.</span>
Answer:
1) 22%
2) YES as the return in the investment is 12% while the average cost of capital in this case; is of 8% hence there is a gain above the minimum accepted return.
Explanation:
IRR = 12%
weighted-average cost of capital:
DEBT 80,000 x 5% = 4,000
EQUITY 120,000 x 10% =<u> 12,000</u>
VALUE 200,000 16,000
16,000 / 200,000 = 8%
