Veichle is in operating condition
Answer:
Tesla Motors breached the contract they had with Sarah and they are liable under the firm offer rule.
Explanation:
The firm offer rule states that an offer shall remain open and firm until its expiration date (in this case September 15). Tesla Motors can revoke an offer (anyone can) but in order to do so, it must notify the other party about the revocation. If Tesla didn't properly revoke the offer before Sarah accepted it, then they are liable for it.
Answer:
r = 9.86%
Explanation:
The formula for calculating the future value of an invested amount yielding a compound interest is given by:
where:
FV = future value = $16,000
PV = present value = $10,000
r = interest rate = ?
n = number of compounding period per year = 1
t = time in years = 5
∴
dividing both sides by 10,000
to remove the power of 5, we have to take the 5th root of both sides:
Using your calculator:
1.09856 = 1 + r
∴ r = 1.09856 - 1 = 0.09856
r = 0.0986 = 9.86%
∴ r = 9.86%
Answer:
rent for land, wages for labour, interest for capital, and profit for enterprise.
Explanation:
Because goods and services are scarce they have a value. To get these goods or services we must sacrifice something, usually time and money.
Answer:
$39,348
Explanation:
The amount that Bill and Sally Kaplan need represents the future value of $36,000
The inflation rate of 3 % if the interest rate
$36,000 will be the present value PV
The period is three years
The Future Value: FV = PV x(1+r)n
=FV = $36,000 x (1+3/100)3
=$36,000 x (1+0.03)3
=$36,000 x 1.093
=$39,348