1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
cestrela7 [59]
3 years ago
6

Dex and Carmen are in an auto accident. Dex offers Carmen $2,000 if she promises not to pursue her potential legal claim against

Dex. Carmen agrees. Later, Carmen discovers that it will cost $1,500 to repair her car and $4,000 to cover the medical expenses for a latent injury. In Carmen's suit against Dex to recover her repair and medical expenses, Carmen will most likely recover:_______.A) ​half the amount to pay the costs over what Dex already paid Carmen.
B) ​nothing.
C) ​the estimated amount to pay those costs and any other liability.
D) ​the exact amount to pay those costs and no more.
Business
1 answer:
juin [17]3 years ago
3 0

Answer:

In Carmen's suit against Dex to recover her repair and medical expenses, Carmen will most likely recover:

B. Nothing

Explanation:

In the question it has been provided that:

Dex and Carmen had met an auto accident and then Dex offers Carmen $2000. Carmen also promises Dex that she would not pursue any legal claim or any potential legal claim against Dex.

Now later on Carmen discovers that due to the accident her car got major damage and now $1500 will be required for repairing her car and also she would have to go through medical expenses for a latent injury which will amount to $4000.

So, now if Carmen suit against Dex to get repair her car and also bear all her medical expenses then Carmen is most likely to recover:

B. Nothing.

If Dex do not agrees to what Carmen is claiming then this type of agreement is called a RELEASE contract.

RELEASE: It refers to a type of contract in which a party who is suffering claims for certain things or certain amount but the other party refuses and say that there are no such claims named after him for whatever reasons.

You might be interested in
A consolidation of two corporations usually requires all of the following except Approval by the board of directors of each corp
kotegsom [21]

Answer:

Receipt of voting stock by all shareholders of the original corporations.

Explanation:

A consolidation is when two or more companies come together to form a new legal entity.

For example, Company A + Company B = Company C

Company A and Company B ceases to exist.

For consolidation to take place, the following has to occur :

1. Approval by the board of directors of each corporation.

2. Provision for an appraisal buyout of dissenting shareholders.

3. An affirmative vote by the holders of a majority of each corporation’s voting shares. 

Dissenting shareholders do not receive voting stocks.

I hope my answer helps you.

5 0
3 years ago
Suppose that the demand for loanable funds for car loans in the Milwaukee area is $12 million per month at an interest rate of 1
Anton [14]

Answer:

  • <u>a) 4% per year.</u>
  • <u>b) a shortage (or excess demand) of $1 million worth of car loans per month.</u>
  • <u>c) the surplus of supply will be $3 million worth of car loans per month.</u>

Explanation:

The question is incomplete.  The complete question is:

<em>Suppose that the demand for loanable funds for car loans in the Milwaukee area is $12 million per month at an interest rate of 10 percent per year, $13 million at an interest rate of 9 percent per year, $14 million at an interest rate of 8 percent per year, and so on. </em>

<em>Instructions: Enter your answers as whole numbers. </em>

<em>a. If the supply of loanable funds is fixed at $18 million, what will be the equilibrium interest rate? </em><em><u>                       </u></em><em>percent per year. </em>

<em>b. If the government imposes a usury law and says that car loans cannot exceed 3 percent per year, how big will the monthly shortage (or excess demand) for car loans be?</em><em><u>                   </u></em><em> $ million worth of car loans per month. </em>

<em>c. How big will the monthly shortage for car loans be if the usury limit is raised to 7 percent per year:</em><em><u>                        </u></em><em> $ million worth of car loans per month.</em>

<h2>Solution</h2>

<em>a. If the supply of loanable funds is fixed at $18 million, what will be the equilibrium interest rate? </em><em><u>                       </u></em><em>percent per year. </em>

The equilibrium interest rate is the rate at which the demand and the supply for loans are equal.

Thus, if the supply is fixed ad $18 million, you must find the interest rate at which the demand for loans is also $18 millions.

The sequence of the data are:

Demand for loanable funds per month     Interest rate

               $12 million                                         10% per year

               $13 million                                           9% per year

               $14 million                                           8% peryear

If you continue:

               $15 million                                           7% per year

               $16 million                                           6% per year

               $ 17 million                                           5% per year

               $ 18 million                                           4% per year

Hence, the equilibrium interest rate will be, when both demand and supply for loanable funds for cars in the Milwaukee are are equal to $18 millions, is 4% per year.

<em>b. If the government imposes a usury law and says that car loans cannot exceed 3 percent per year, how big will the monthly shortage (or excess demand) for car loans be?</em><em><u>                   </u></em><em> $ million worth of car loans per month. </em>

Shortage, also called excess demand, occurs when demad is higher than supply.

When the interest rate is fixed at a different value than the equilibrium rate, then the demand will be different than the equilibrium demand.

If the price (the rate of toans) is lower than the equilibrium price,  the demand will be higher than the equilibrium demand, which is the supply; thus, there will be a shortage.

In this case, the "artificial" interest reate is fixed at 3%. If you continue the table, at that rate the amount of loans demanded will be $19 millions.

Thus, the amount of loans demanded, $19 millions, is higher than $18 millions, meaning that the demand is higher than the supply, and, in consequence, there will be a shortage of $19 millions - $18 millions = $1 million.

In conclusion, there will be a shortage (or excess demand) of $1 million worth of car loans per month.

<em>c. How big will the monthly shortage for car loans be if the usury limit is raised to 7 percent per year:</em><em><u>                        </u></em><em> $ million worth of car loans per month.</em>

Surplus occurs when the prices are above the equilibrium price (the rate of the loans).

Find the amount of car loans demanded when the interest rate is 7%. From the table it is $15 million.

So, you see that the interest rate is higher than the equilibrium supply and the demand is lower than the supply of $18million.

Then, as demand is lower than supply, there there will be a surplus, there will be a surplus of supply for car loans. It will be equal to $18 million - $15 million = $3million.

6 0
4 years ago
On January 1, 20X9 Pathlon Company acquired 30 percent of the common stock of Sopteron Corporation, at underlying book value. Fo
Ksenya-84 [330]

Answer:

increase in investment = 16,500

Explanation:

Given data:

net income $55 000

Gain $40,000

PATHLON SHARE IN SOPTERON 30%

according to Wquity method, the increase in investment can be determined as following

increase in investment = share of net income - dividend

putting all value to get increase in investment value

increase in investment = 55000\times 30% - 0

                                       = 55000\times 0.30

                                       = 16,500

8 0
3 years ago
Joy is taking out a car loan which she will pay back with interest. Which option will require her to pay the lowest amount in in
iogann1982 [59]
<span>The answer to your question is Annual Compounding</span>
4 0
3 years ago
Read 2 more answers
Sharon is confined to a wheelchair since her accident. her employer supplied a special desk and widened the aisles so that she c
goldfiish [28.3K]
Reasonable Accommodations. 
4 0
4 years ago
Other questions:
  • Chelsa Manufacturing Co.'s static budget at 5,000 units of production includes $40,000 for direct labor and $5,000 for variable
    8·1 answer
  • Following is information from American Eagle Outfitters for 2016, the year ended January 28, 2017, ($ in thousands). Total reven
    8·1 answer
  • Potter’s accountant believes the financial statements will be misleading if the probable loss contingency is not disclosed. How
    15·1 answer
  • Where would i get high quality clothes for my job interview
    10·1 answer
  • Estee Lauder advertises a new facial cream by putting free samples of the cream in a magazine. The extent to which a product or
    14·1 answer
  • The Refining Department of​ SweetBeet, Inc. had 76 comma 000 tons of sugar to account for in July. Of the 76 comma 000 ​tons, 45
    13·1 answer
  • Zoe is investing in her future. She knows her accounts, with just an initial deposit, are accruing interest constantly. Which fo
    12·1 answer
  • CWN Company uses a job order costing system and last period incurred $70,000 of actual overhead and $100,000 of direct labor. CW
    11·1 answer
  • Haruki's boss, Gabriel, tells him that because he has been such a valuable employee, he will receive an extra week of vacation.
    5·1 answer
  • You are given the following prices for a zero coupon bond that matures for 1 on the maturity date: Maturity DatePrice 1 year0.96
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!