Answer:
China Manufacturing Agents, Inc. is preparing a five-year plan. Today, sales are $1,000,000. If the growth rate in sales is projected to be 10 percent over the next five years, what will the dollar amount of sales be in year five?
$500,000 in five years
Explanation:
Answer:
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Explanation:
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$136348.618</em></h2><h2><em>
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Present value (PV) =$1,600,000
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Number of year(n) = 20
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Rate(r) = 6.5% = 6.5 / 100 = 0.065
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Payment monthly (PMT) = ?
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Calculation:</em></h3><h3><em>
in the picture </em></h3><h2><em>
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So, Payment per month = $136348.618</em></h2>
Answer:
At least the 110,000
The deficiency will be based on jurisdictions and the state at which the bankruptcy occur.
Explanation:
Baily will receive the 110,000 as the mortgage collateral was the real state. Once it was sold, Baley received the 110,000.
Sparkman offer is for unsecured claims, the mortage is secured, as the mortage is secured through mortgage origination.
Once Sparkman filed bankruptcy, the lender which is Bailey executed foreclosure to take ownership of the property and sell it to pay off the loan.
After foreclosure, Mailey has little to no resources for the remaining debt.
It will depend heavily on jurisdictions if Baily can force Sparkman to pay the 40,000 remaining.
When some one or something solves the problem
Complete Question:
The market system:
A. produces considerable inefficiency in the use of scarce resources.
B. effectively harnesses the incentives of workers and entrepreneurs.
C. is not consistent with freedom of choice in the long run.
D. has slowly lost ground to emerging command systems.
Answer:
B. effectively harnesses the incentives of workers and entrepreneurs.
Explanation:
An economic system can be defined as a series of governmental or societal arrangements and a coordinating mechanism used for the allocation of available resources, economic inputs, goods and services across a particular country. The economic system differs according to the method used to coordinate economic activities and who the factors of production belongs to.
Generally, there are basically two (2) main types of economic systems and these are;
1. Command systems.
2. Market systems.
The market system effectively harnesses the incentives of workers and entrepreneurs because workers are able to engage in division of labor and are well compensated for their efficiency in service while the entrepreneur are usually rewarded with an increase in sales and profits.
The market system allows participants to have property rights such as trademarks, patents and copyright. Also, market systems are regulated by the competition among individuals (traders or entrepreneurs) and this gives direction to the market as they pursue self interests and are independent.
