Answer:
The seller owe the buyer amounts to $384.25 at the closing
Explanation:
The amount to which the seller owe to the buyer at the closing is computed as:
= Number of days × Amount of taxes per day
= 165 × $2.3288
= $384.25
Working Note:
Number of days = January 1 - June 15
= 165 days
Amount of taxes per day = Annual taxes / Number of days in the year
= $850 / 365
= $2.3288 per day
(Jan. 1 - June 14 = 165 days. $850 / 365 = $2.3288 per day tax liability.165 days x $2.3288 = $384.25)
<u>Solution: </u>
The following are the correct and incorrect options
<u>Correct option</u>: Households used to save and those savings are utilized for investment through the intermediaries like bank. Firms and governments take those funds for their investment acts.
<u>Correct option</u>: Foreigner can invest in the US (suppose foreign direct investment) but can’t save here, since there is difference in currency (suppose a foreigner earns in pond can’t save in US dollar).
<u>Other options are not correct:
</u>
<u>Incorrect option</u>: Savings means personal savings, which are not yet kept into a bank.
<u>Incorrect option</u>: such purchases are investments but not savings.
Answer:
Explanation:
The expected value is calculated by using the probability of each event. If the chance of dying is 0.60% then the chance living is 99.40%. The expect value formula is:
∑[(xi)*P(xi)] (for all i events).
In this problem we have two events: live or die. If the person dies the family receives $1,000,000 (X1=$1,000,000) and if the person lives the family receives $0 (X2=$0). The probability of receiving $1,000,000 is 60% (P(x1)=0.006) and the probability of receiving $0 is 99.40% (P(x2)=0.994)
Using the formula the expected value of the policy (without the insurance cost):
$1,000,000* (0.006)+ $0*(0,994)= $6,000
If we subtract the insurance value:
$6,000-$5,500= $500
Answer:
B. Reduce output in the short run
Explanation:
Recession is a period of temporary economic decline during which there is a reduction in economic activities like buying and selling and so on.
So the best decision for techno to take if there are fears of recession is to reduce the amount or quantity of goods they are producing in the short run, because recession is only a period of TEMPORARY decline and not permanent decline.