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3 years ago

6

Nelson, a minor, misrepresents his age when agreeing to a contract to buy a restored, antique soda vending machine from old is n

ew again, inc. ordinarily, nelson can disaffirm the contract

1 answer:

tamaranim1 [39]3 years ago

7 0

under any circumstances.

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Economics is mainly concerned with the study of

krek1111 [17]

Economics is mainly concerned with the study of scarcity. It is a branch of knowledge concern with the production , consumption and transfer of wealth.

6 0

4 years ago

Identify 3 reasons why we should teach financial education.

Sophie [7]

Answer:

Why should financial education be taught in schools?

Financial literacy classes teach students the basics of money management: budgeting, saving, debt, investing, giving and more. That knowledge lays a foundation for students to build strong money habits early on and avoid many of the mistakes that lead to lifelong money struggles

Should financial literacy be taught in schools essay?

it empowers you with basic knowledge of investment options, financial markets, capital budgeting, etc. Understanding your money mitigates the danger of facing a fraud-like situation. ... Basic knowledge of financial literacy will help people with foreseeing the risks and argue/justify with anyone learned and well-informed

4 0

2 years ago

On January 1, 2021, White Water issues $570,000 of 7% bonds, due in 10 years, with interest payable annually on December 31 each

monitta

Answer:

White Water

1. Schedule

Date Cash Paid Interest Expense Increase in Carrying value FV

01/01/2021 0 $570,000.00

12/31/2021 $39,900.0 $39,900.00 0 $570,000.00

12/31/2022 $39,900.0 $39,900.00 0 $570,000.00

2. January 1, 2021:

Debit Cash $570,000

Credit 7% Bonds Payable $570,000

To record the issue of bonds for cash.

December 31, 2021:

Debit Interest Expense $39,900

Credit Cash $39,900

To record the first interest payment.

December 31, 2022:

Debit Interest Expense $39,900

Credit Cash $39,900

To record the second interest payment.

Explanation:

a) Data and Calculations:

Face value of 7% bonds = $570,000

Proceeds from the bond issue = $570,000

No premiums, no discounts on bonds.

Coupon interest rate = 7%

Market interest rate = 7%

6 0

3 years ago

Universal Exports is expected to pay the following dividends over the next four years: $8, $4, $2, and $2. Afterwards the compan

omeli [17]

Answer:

$23.25

Explanation:

the maximum that you would be willing to pay for a stock of Universal today can be determined using the multistage dividend discount model

The first step is to find the present value of the dividends over the next four years :

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 = $8

Cash flow in year 2 = $4

Cash flow in year 3 = $2

Cash flow in year 4 = $2

I = 15%

Present value = $12.44

Next we would find the present value of the perpetual growth of dividend

($2 x 1.04 ) / 0.15 - 0.04 = 18.91

the present value of this amount = $18.91 / = $10.81

Maximum value = $12.44 + $10.81 = $23.25

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

3 0

3 years ago

What is profitability

kkurt [141]

Answer:

Profit, in accounting, is an income distributed to the owner in a profitable market production process (business). Profit is a measure of profitability which is the owner's major interest in the income-formation process of market production. There are several profit measures in common use.

Income formation in market production is always a balance between income generation and income distribution. The income generated is always distributed to the stakeholders of production as economic value within the review period. The profit is the share of income formation the owner is able to keep to themselves in the income distribution process. Profit is one of the major sources of economic well-being because it means incomes and opportunities to develop production. The words "income", "profit" and "earnings" are synonyms in this context.

3 0

2 years ago