Answer:
b. that they agreed to purchase.
Explanation:
A minor is a person who is under the age of 18 and unable to make decision on his own such as mentally impaired or incompetent persons .
A minor cannot enter a contract like adults but if under any circumstance they enter into a contract of sale purchase of daily goods like clothing etc, they are liable to pay the price which they agreed to pay.
Their parents are liable only if the contract was made according to the parent's will etc.
If the minor is unable to pay the agreed amount then the minor should return the goods or fulfill any other liability as imposed by the court of law.
The question is incomplete. Here is the complete question
According to the CAPM, what is the market risk premium given an expected return on a security of 13.6%, a stock beta of 1.2, and a risk-free interest rate of 4%?
Answer:
8%
Explanation:
The expected return on security is 13.6%
The stock beta is 1.2
The risk free interest rate is 1.4
Therefore, using the CAMP , the market risk premium can be calculated as follows
13.6%= 4% + 1.2×MRP
13.6%-4%= 1.2MRP
9.6%=1.2MRP
MRP= 9.6/1.2
MRP= 8%
Hence the market risk premium is 8%
Answer:
Option (b) is correct.
Explanation:
Sale value of the merchandise = $74,900
Sales tax liability = $74,900 × (7% ÷ 107%)
= $4,900
Sale value prior to sales tax = $74,900 - $4,900
= $70,000
Sales tax @7% on $70,000 = $4,900
Hope the above calculation will clear the concept since the question clearly mention that
Calhoun Crockery sold merchandise; the total proceeds collected, including a 7% sales tax, amounted to $74,900.
This $74,900 includes 7% tax also it means that the collected proceed is 100% + 7% = 107%
which includes 7% tax liability.
It would work to expand its competitive products into other countries and offer a variety to customers is the answer.
Intra-industry trade means exchanging similar products in the same industry. The term is commonly used in international trade where the same type of goods or services are imported and exported.
Intra-industry trade can be broadly defined as a situation in which countries import and export essentially the same product at the same time. For example, the United Kingdom both exports and imports cars to Sweden.
However, most of the trade is intra-industry trade. That is, the trade of goods within the same industry from one country to another. For example, the United States produces and exports automobiles and imports automobiles.
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Disclaimer- The complete question is
Wilson hires a financial analyst to analyze costs and profits for his cereal production business. The analyst determines that Wilson's eventual profit function is given as pi = 2x ^ 4 - 4x ^ 3 + 7 where x is the number of bags of cereal produced. At what point or number of bags of cereal will Wilson's profit start decreasing?
If the company produces only one 1 bag then the profit of Wilson starts decreasing.
Let f ( x ) = 2x^4 − 4x^3 + 7
f ′ ( x ) = 8x^3 − 12x^2
For decreasing, f ′( x ) ≤ 0
⇒ 4x^2 ( 2x−3 ) ≤ 0
⇒ 2x−3 ≤ 0 ( a s x^2 ≥ 0)
⇒ x ≤ 3/2
Since, x is number of bags
So, x ∈ N
∴ x = 1 is only possibility
Thus, If the company produces only one 1 bag then the profit of Wilson starts decreasing.
Financial analysis is the process of evaluating a company's performance using financial data and making suggestions for future improvement. The majority of the work done by financial analysts is done in Excel, where they use a spreadsheet to examine past data and predict how the company will perform in the future.
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