Given:
<span>Ashley, bought the car with some of his own money and the rest a car loan.
Nikki bought the car with cash.
Jared leased the car.
</span><span>My Answer: Nikki has the option to choose the less expensive liability-only insurance coverage.
Because Nikki paid the car in cash, the ownership of the car is fully Nikki's. Thus, she can choose the less expensive liability-only insurance coverage without any party objecting to her choice.
Ashley co-owns the car with the company or bank she loaned the balance to. She has to heed the decision of the co-owner.
Jared does not own the car. He only leased it.
</span>
Answer: credit scores can help you better understand your current credit position.
Answer:
Dividend paid = (5%× 10,000 × $10) = $5000.
Explanation:
<em>Preference shares entitles the holders to participate in a fixed dividend out of the profit made by the company. The divide is always a fixed percentage of the nominal value of the preference shares</em>
It can be cumulative and non-accumulate.
Cumulative <em>simply implies that should the company misses the payment of dividend in a particular year such unpaid dividend would be carried carried forward and paid in arrears in the following year/</em>
Non-cumulative i<em>s the exact opposite of the case . Here, unpaid dividends are not paid in arrears in fact such are forfeited for life.</em>
Dividend in Year 1
Dividend paid in Year 1 was $ 4000 but ought to be $5,000 (5%× 10,000 × $10). An arrear of $1000
Dividend in Year 2
Dividend paid = (5%× 10,000 × $10) = $5000.
Note that the unpaid dividend of $1,000 in year 1 is lost forever
Answer: <em>Cost of Goods Manufactured = $ 660,000</em>
Explanation:
Direct Material Used $ 240,000
Direct labor $ 250,000
Manufacturing overheads applied $ 150,000
Total manufacturing Cost $ 640,000
Add: Work in process $ 40,000
Total Manufacturing cost $ 680,000
Less: Work in process $ 20,000
Cost of Goods Manufactured $ 660,000
Answer: Trade between the two countries is beneficial when United States trade food to Canada and Canada would trade televisions to the United States.
Explanation: In international trade, each country will produce a good in which it has a comparative advantage (lower opportunity cost).
Opportunity cost of food is,
Unites states = 
Canada = 
Opportunity cost of television is,
Unites states = 
Canada = 
Since, opportunity cost of food is lower in the United states, United states will export food.
Opportunity cost of television is lower in Canada, Canada will export television to the United States.
