enforceable, legality
For a contract to be enforceable it must meet the requirement of legality and both the subject matter and the performance of the contract must be legal
An agreement to be a contract must establish a duty that is enforceable by law by the provisions of contract laws. Any arrangement that does not provide for enforceability—that is, one in which the parties cannot seek redress in court for breach of the agreement s not a contract. To create legality in a relationship, the contract must have intent. It happens when the parties are aware that each of them is responsible for the contract's failure if they fail to keep their part of the contract.
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Answer:
This is an example of increasing protectionism.
Explanation:
Protectionism can be defined as an economic policy under which the government of a country limits imports in order to protect the domestic economy. The government adopts a number of actions to protect domestic industries. Some of these measures are
- Tariffs
- Quotas
- Subsidies
- Product standards
In the given example, the imposition of a 35% tariff on the imports of tires from China indicates increasing protectionism. This tariff will increase the price of Chinese tires in the US market. As a result, the buyers will prefer the domestic tires which will be cheaper.
This will help the tire manufacturing industry by increasing its demand. So their production and employment will increase as well.
Answer:
stock price = (Div 1 / r - g1) x {1 - [(1 + g1) / (1 + r)]ⁿ} + (Div 1 / r - g2) x [(1 + g1) / (1 + r)]ⁿ⁻¹
Explanation:
since the company will first grow at g1 for n years, and then at g2 forever, we need to first determine the present value of the dividends growing at g1 for n years:
present value of the dividends during n = (Div 1 / r - g1) x {1 - [(1 + g1) / (1 + r)]ⁿ}
e.g. div = $2, n = 5 years, g1 = 8%, r = 12%
(2 / 12% - 8%) x {1 - [(1 + 8%) / (1 + 12%)]⁵} = 50 x 0.166263 = $8.31
now we find the formula to calculate the present value for the growing perpetuity g2 at n - 1 years:
= (Div 1 / r - g2) x [(1 + g1) / (1 + r)]ⁿ⁻¹
following the same example but changing g1 for g2, and g2 = 5%
= (2 / 12% - 5%) x [(1 + 5%) / (1 + 12%)]⁵⁻¹ = 28.5714 x 0.772476 = $22.07
we now add both parts to finish our example = $8.31 + $22.07 = $30.38
Answer:
The price of a U.S. postage stamp has increased 10% in terms of Japanese yen and 44% in terms of British pounds.
Explanation:
The exact question is as follows :
To find - Between April 12, 2008, and April 12, 2013, the price of a U.S. postage stamp increased from $0.41 to $0.46. The price of a U.S. postage stamp has increased approximately ____________ in terms of Japanese yen and _____________ in terms of British pounds.
Solution -
Given that,
postage stamp increased from $0.41 to $0.46
Now,
From the table, we can find that,
For, April 12, 2008
1$ = 0.5069 £
1$ = 101.54 ¥
And
For April 12, 2013
1$ = 0.6510 £
1$ = 99.62 ¥
Now,
We have -
1$ = 0.5069 £
⇒$0.41 = 0.207829 £
and
1$ = 0.6510 £
⇒$0.46 = 0.29946 £
So,
Change = (0.29946 - 0.207829)/ (0.207829) × 100 %
= 44%
∴ we get
The price of a U.S. postage stamp has increased 44% in terms of British pounds.
Now,
Similarly, we do for Japanese Yen
We have -
1$ = 101.54 ¥
⇒0.41$ = 41.6314 ¥
And
1$ = 99.62 ¥
⇒0.46$ = 45.8252 ¥
So,
Change = (45.8252 - 41.6314)/ 45.8252 × 100 %
= 10%
∴ we get
The price of a U.S. postage stamp has increased 10% in terms of Japanese yen.
Answer:
4.67 years.
Explanation:
PB = Years before cost recovery + (Remaining cost to recover ÷ Cash flow during the year)
= 4 + ($2,000 / $3,000)
= 4.67 years.
