Answer:
Partner Macki will eventually receive cash of $16,000
Explanation:
Macki has a $40,000 capital balance.
Income and losses ratio for Macki is 2
Total Income and losses ratio = 2 + 3 = 5
Calculating for Macki
Cash to be received by partner Macki
= $40,000 * 2/5
= $16,000
Answer:
20 years
Explanation:
Current yield = 0.098375, so bond price can be solved from the following: $90/price = 0.098375 * price =
price = 90/0.098375
price = 914.87 dollars
To compute the remaining maturity
put these values in financial calculator
PV = 914.87, FV = 1,000, PMT = 90, i= 10; compute
<em>n= 20.0 years</em>
Answer:
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The Johnson's can't sue the driver in the Federal Court because the Johnson's live in the same state (since the driver lives near the Johnson's in the same time) and the damages ($5,000.00) are too small.
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