Answer:
D. Supply side, Demand side, Prices, Real GDP
Explanation:
Economists who asset that the AS curve is vertical believe that changes in Real GDP originate only on the Supply side of the economy; so government policy that is intended to impact the Demand side of the economy will change only Prices, not Real GDP.
Answer:
knock knock.................................
Answer:
The correct answer is 23.86%.
Explanation:
According to the scenario, the given data are as follows:
Loan amount = $12,000,000
Time period = 12 months
Rate of interest = 21%
compensating balance = 12%
So we can calculate the effective rate of interest by using following method:
Effective rate of interest = (Loan amount × Interest Rate
) ÷ Loan amount × (1 – compensating balance )
By putting the value, we get:
= ( $12,000,000 × 0.21) ÷ ($12,000,000 × (1-0.12)
= 0.2386 or 23.86%
Answer:
Correct pretax income is $ 88,450
Explanation:
The correct depreciation=cost-salvage value/useful life
cost is $52,400
salvage value is $0
useful life is 8 years
annual depreciation charge=($52,400-$0)/8=$6,550
The annual depreciation ought to have been charged in income statement not the original cost of asset acquired.
The correction would to add the cost of the asset to the pretax income and then deduct the correct depreciation charge as below:
Pretax income $42,600
cost of asset $52,400
depreciation ($6,550)
correct pretax income $ 88,450
Answer:
Yes, Allstate was liable
Explanation:
Ramsey v. Allstate insurance co., 2013 wl 467327 (6th cir. 2013)
An implied contract differs from an express contract in that the way the parties act, rather than their words, defines the terms of the contract. Implied contracts exist if one party furnishes a service or property and expects to receive something in return. The other party must know (or should know) about the expectation of something in return and has to have a chance to reject the contract.
Douglas expected to get home insurance because he paid for it, and Allstate had the chance to cancel the home insurance policy but they didn't.