<span>When the U.S. treasury issues new bonds to replace bonds that have matured, it is engaging in debt refinancing. When you refinance something you are replacing existing debt with new debt, this is for the same object but under new terms. Depending on your credit, often times the interest will go down and/or your payments will be lowered. When the U.S. treasury issues new bonds to replace old ones they are refinancing the debt. </span>
Answer:
Expected value of profit = -3750 + 2,000 + 2,500 + 0
Explanation:
<em>The expected value of is the sum of the possible profit under different outcomes multiplied by their respective probabilities</em>
Profit Prob P× Profit
(15000) × 0.25 = -3750
20,000 × 0.1 = 2,000
25,000 × 0.1 = 2,500
0 × 0.55 = <u> 0_____</u>
Expected value of profit = <u> 750</u>
Expected value of profit = -3750 + 2,000 + 2,500 + 0
= $750
<em>Note the figures given are stated as profits and not revenue. So we do not make use of the investment cost of $20,000</em>
Answer:
A. $575,000 + $125,000 - $560,000
Explanation:
According to the ending inventory report, cost of sales would be calculated as follow;
Cost of sales = Beginning inventory + Purchase - Ending inventory
Cost of sales = $575,000 + $125,000 - $560,000
Answer:
Inclusive economic institutions
Explanation:
Daron Acemoglu explains on his book titled 'Why Nations Fail' the roots and causes of economic development. For this author the most important component of progress is the stablishment of economic institutions which permits the integration and cooperation of society, defined by inslusive economic instituions instead of extractive ones.
In this particular case, the US autorities implemented a free market economy which correspond to an inclusive institution and replacing the old economy.
