Answer:
c. This contract is void.
Explanation:
Since in the question it is mentioned that one day Anna received a phone call from the health insurance salesman and she purchase a $400 medigap insurance policy so the contract should be void in the eyes of law as it is not valid in terms of law plus nothing is specified for whom she purchased the policy for $400
Therefore the correct option is c.
Answer:
a) 15.69%
Explanation:
The computation of the expected return is shown below:
= (Current year dividend ÷ current price) + growth rate
where,
Current year dividend = Dividend × ( 1 + dividend growth rate)
= $0.46 × (1 + 14.5%)
= $0.527
And, the other item values remain the same
Now put these values to the above formula
So, the value would be equal to
= ($0.527 ÷ $44.12) + 0.145
= 15.69%
Due to scarcity. There exist unlimited wants but only scarce amount of resources to meet those wants so items must be allocated through a system of prices or through exchange.
Answer:
we need resources because they are important for the development of the country.
false
human resources can be categorized into three groups
resource- a natural source of wealth or revenue
false
coal
true (I think)
false
true
banks
apples
false
3
Answer:
Option (c) is correct.
Explanation:
Variable cost as a percent of sales:
= (Variable expenses ÷ Sales) × 100
= ($3,000,000 ÷ $5,000,000) × 100
= 60%
If Sales = X
then Variable cost is 0.6X (i.e. 60% of Sales)
Sales - Variable cost - fixed expenses = net operating income
X - 0.6X - 1,500,000 = 300,000
0.4X = 300000 + 1500000 = 1800000
X = 1800000 ÷ 0.4
= 4,500,000
