<span>$65,000. A city water water-waste department has a four-year-old sludge pump that was initially purchased for $65,000. This pump can be kept in service for an additional four years, or it can be sold for $35,000 and replaced with a new pump. The price of the replacement pump is $50,000.</span>
Answer:
The correct option reads "the act of simultaneously buying and selling the same or equivalent assets or commodities for the purpose of making certain guaranteed profits."
Explanation:
An arbitrage typically is about taking advantage of price differentials which results in a guaranteed level of gains.
For instance,buying US dollars in one city and sending it via bank transfer to a buyer in another city because the rate of exchange in the other city is higher ,there making an instant guaranteed profit resulting from the price differentials.
However, one of the reason for such is that information in one market might be stale while the other market is up-to-date with market information.
Answer:
A) Jamie may not act as a loan broker unless she is properly licensed as one, under the Mortgage Loan Broker Law, set forth under the California Business and Professions Code, Article 7.
Explanation:
The loan application must include information regarding the real estate broker and must be signed by both the borrower and the broker.
Section 10241 (i) of the California Business and Professions Code, Article 7 requires:
<em>"A statement containing the name of the real estate broker negotiating the loan, his or her license number, and the address of his or her licensed place of business."</em>
Answer: they will share income and losses equally
Explanation: A partnership is a business arrangement owned by at least two people. If there is no profit sharing formula in a partnership they share the profit and loss equally, since they all own the business.
Answer:
$5,000= ending inventory
Explanation:
Giving the following information:
Gross margin is normally 40% of sales.
Sales= $25,000
beginning inventory= $2,500
purchases= $17,500
First, we need to determine the cost of goods sold:
COGS= 25,000*0.6= 15,000
Now, using the following formula, we can calculate the ending inventory:
COGS= beginning inventory + cost of goods purchased - ending inventory
15,000= 2,500 + 17,500 - ending inventory
5,000= ending inventory