Answer:
$508.63
Explanation:
For this question, we use the Present value formula that is reflected in the attached spreadsheet. Kindly find it below:
Provided that
Given that,
Future value = $1,000
Rate of interest = 14%
NPER = 15 years
PMT = $1,000 × 6% = $60
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value is $508.63
In a condition where Gina induces Hugh to enter into a contract for the purchase of a condominium about which Gina knowingly misrepresents a number of material features, Hugh can rescind from entering into the contract on the basis of fraud when he discovers about the truth of Gina's wrongful intentions.
<h3>What is the significance of a fraud?</h3>
A fraud can be referred to or considered as a situation that arises when either of the parties to a contract is unaware of the wrongful intentions of the other party at the time of entering into the contract.
Therefore, the significance regarding a fraud has been aforementioned.
Learn more about a fraud here:
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Answer:
The correct answer is smaller the resulting price change for increase or rise in supply.
Explanation:
Coefficient of price elasticity is the one which is defined as measuring or evaluating the elasticity of price of the demand in coefficient. In retaliation to the change or variation in the price, demand for the product could be inelastic, elastic, perfectly inelastic or the perfectly elastic grounded on the coefficient.
When the coefficient of price elasticity of demand for the product is larger, then it will result in the smaller price change for the rise or increase in the supply.
Answer:
The correct answer is B
Explanation:
Marginally attached workers are those workers or person who are not in the labor force but want and also available for work and the persons looked for a job sometime in the previous twelve months.
These kinds of workers will not counted as an unemployed worker due to they had not looked for work in previous 4 weeks, for any reason.
So, the marginally attached workers or persons are those people who are not working yet but looking for work and will also work if asked.
Answer:
$0
Explanation:
Profits will be $0 if sales turn out to be $3.2 million.
Profit will decrease by ($0.20) million.
Degree of operating leverage = change in operating income ÷ change in sales
![5=\frac{[\frac{EBIT1-0.20}{0.20}]}{\frac{3.2-4}{4} }](https://tex.z-dn.net/?f=5%3D%5Cfrac%7B%5B%5Cfrac%7BEBIT1-0.20%7D%7B0.20%7D%5D%7D%7B%5Cfrac%7B3.2-4%7D%7B4%7D%20%7D)
(EBIT1 - 0.20) ÷ 0.20 = -1
(EBIT1 - 0.20) = -0.2
EBIT 1 = 0
Therefore,
Profits = $0
