Answer:
see below
Explanation:
Premiums are the regular payments the insured pays to the insurance company for insurance coverage. By paying premiums, the insurance company agrees to compensate the insured for any financial loss resulting from the risk covered by the insurance contract.
Premiums are the cost of insurance. The customer pays premiums while the insurances undertake the risk stated in the policy documents. Should the customer suffer damages, injuries, or financial loss, the insurance companies compensate the customer as per the terms stated in the insurance contract.
Answer:
$96,000
Explanation:
Data provided in the question:
Cost of the machine purchased on January 1, 2016 = $144,000
Expected salvage value = $24,000
Estimated life of the machine = 5 years
Now,
Using the straight line method of depreciation
Annual depreciation = 
or
Annual depreciation = 
or
Annual depreciation = $24,000
Now,
the accumulated depreciation till beginning of the third year
= Depreciation for the two years
= Annual depreciation × 2
= $24,000 × 2
= $48,000
Therefore,
The book value at the beginning of the third year
= Cost - Accumulated depreciation
= $144,000 - $48,000
= $96,000
Answer:
B. Opportunity Cost
Explanation:
Comparative Advantage is when an economy can produce certain goods & services at a lower opportunity cost than other trading economies.
Opportunity cost is the cost of next best option forgone while choosing a particular option.
Comparative advantage (production ability at lower opportunity cost) implies: Economy can produce a good/ service by sacrifising lesser amount of other good, than the other economy.
Example : Production Possibilities of 2 countries, 2 goods :-
Good X Good Y Opportunity Cost (Goods Ratio)
Country A 10 30 1:3 (10/30)
Country B 5 10 1:2 (5/10)
Country A can produce Good Y by sacrifising 3 units of Good X, Country B can produce Good Y by sacrifising 2 units of Good X. So, B can produce good Y at lesser opportunity cost than A. Hence, country B has comparative advantage in good Y.
Answer:
$90,669.85
Explanation:
Present value is the sum of discounted cash flows.
Present value can be calculated using a financial calculator
Cash flow each year year from year one to seven = $10,000
Cash flow for year in year eighth = $10,000 + $80,000 =$90,000
Discount rate = 10%
Present value = $90,669.85
To find the PV using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
I hope my answer helps you
You are really keen on stocks. However, you do not like stocks with regard to <u>claims on </u><u>assets</u>.
<h3>What is Bankruptcy?</h3>
- A person or business may file for bankruptcy if they are unable to pay their debts or other commitments.
- A petition is filed, either on behalf of the debtor, which is more often, or on behalf of creditors, which is less frequent, to start the bankruptcy process.
- All of the debtor's assets have been measured and assessed, and some or all of the debt may be repaid with the help of the assets.
- Although declaring bankruptcy can provide you a fresh start, it will remain on your credit reports for a while and make it more challenging for you to obtain money in the future.
<h3>What are Stocks?</h3>
- A stock, usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company.
- Shares, also known as units of stock, entitle its owners to a share of the company's assets and income in proportion to the number of shares they possess.
- Most individual investors' portfolios are built on stocks, which are mostly bought and sold on stock exchanges.
- Government standards designed to shield investors from dishonest tactics must be followed during stock trades.
<h3>What is Investment?</h3>
- A purchase made with the intention of creating income or capital growth is known as an investment.
- An asset's value increasing over time is referred to as appreciation. When a person invests in a good, they do not intend to utilize it as a source of immediate consumption, but rather as a tool for future wealth creation.
- An investment always entails the expenditure of some capital—time, effort, money, or an asset—today with the expectation of a future return higher than the initial investment.
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