1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vovangra [49]
3 years ago
15

David paid $975,000 for two beachfront lots in coastal South Carolina, with the intention of building residential homes on each.

Two years later, the South Carolina legislature passed the Beachfront Management Act, barring any further development of the coast, including David's lots. When David files a complaint to seek compensation for his property, South Carolina refuses, pointing to a passage in David's own complaint that states "the Beachfront Management Act [was] properly and validly designed to preserve... South Carolina's beaches..." Is South Carolina required to compensate David under the Takings Clause?
Business
1 answer:
Gnoma [55]3 years ago
7 0

Answer:

The correct answer would be, Yes South Carolina would be compensating David as his property is now economically valueless.  

Explanation:  

Under the taking clause, 'The Beachfront Management Act was properly and validly designed to preserve South Carolina's beaches', which means that no one will be allowed to do any development project near beaches in order to save the beaches.  

Though it is already written in the Act, The Beachfront Management Act barred any further development on the coasts of Carolina, which makes the purchased property of David as economically valuless, so South Carolina would be compensating him as the law has passed and they won't allow further development but they need to compensate the people who purchased the property on the beaches for the purpose of future business.

You might be interested in
You just inherited a trust that will pay you $100,000 per year in perpetuity. However, the first payment will not occur for exac
allsm [11]

Answer:

PV= $620,921.32

Explanation:

Giving the following information:

Cash flow (Cf)= $100,000

Interest rate (i)= 7.25%

<u>First, we need to calculate the value of the investment at the moment of the first payment (five years from now). </u>To calculate the present value we need to use the following formula:

PV= Cf / i

PV= 100,000 / 0.1

PV= $1,000,000

<u>Now, the value today:</u>

PV= FV / (1 + i)^n

PV= 1,000,000 / (1.1^5)

PV= $620,921.32

8 0
3 years ago
Trendy Appliances has introduced a new product, Minute Yogurt, into the yogurt maker appliance market. Minute Yogurt differs fro
forsale [732]

Answer: Informative Advertising

Explanation:

Informative Advertising is a form of advertising where a company gives some details about the benefits of using a product and somethings they do differently from their competitors in the market.

Minute Yoghurt needs to inform their market of the special steps of blending and cleaning they applying when producing their product.

7 0
3 years ago
When calculating a project’s net present value, which type of cash flows should be considered? Question 2 options: A) Free cash
irina [24]

Answer:

Operating cash flows

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV is a capital budgeting method used to determine profitable investments

7 0
3 years ago
A point M on a segment with endpoints (-1, 1) and ( 7, 7) partitions the segment in a 3:5 ratio. Find M. You must show all work
HACTEHA [7]

The coordinates of point M after the partition is (2, 3.25).

<h3>What are coordinates and how to determine coordinates?</h3>
  • A coordinate system in geometry is a system that uses one or more integers, or coordinates, to define the position of points or other geometric components on a manifold such as Euclidean space.

We have:

  • Endpoints = (-1,1) and (7,7)
  • Ratio, m : n = 3 : 5

The coordinates of point M is then calculated using:

M=\frac{1}{m+n} *(mx_{2}+nx_{1} , my_{2} +ny_{1} )

So, we have:

M=\frac{1}{3+5} * (3*7+5*-1,3*7+5*1)

Evaluate the sum and the product:

M=\frac{1}{8} *(16,26)

Evaluate the product:

M=(2,3.25)

The coordinates of point M is (2, 3.25)

Therefore, the coordinates of point M after the partition is (2, 3.25).

Know more about coordinates here:

brainly.com/question/17206319

#SPJ4

4 0
1 year ago
Jacob needed money for some unexpected expenses, so he borrowed $5,890.25 from a friend and agreed to repay the loan in seven eq
Anna11 [10]

Answer:

OPTION C i.e 11%

Option A i.e 30.55 year

Explanation:

we know that capital can be calculated as

Capital = EMI \times PVIFA

capital = EMI \times \frac{(1+r))^n -1}{r (1+r)^n}

from the data given in question we can calculate the value of r

so

5890.2 = 1250 \times \frac{(1+r))^7 -1}{r (1+r)^7}

4.7122 = \frac{(1+r))^7 -1}{r (1+r)^7}

solving for r we get

r = 11%

option C

we know that

Total\ saving  =  cash flow \times FVIFA

                      = Cash\ flow \times \frac{(1+r)^n -1}{r}

from the data given we can evealueate the value of n

8,452,622 = 40,000 \times \frac{(1.11)^n -1}{0.11}

\frac{8452622}{40000}\times 0.11 = (1.11)^n -1

solving for n we get

n = 30.55 year.

Option A

4 0
3 years ago
Other questions:
  • Sofia pays Sam $50 to mow her lawn every week. When the government levies a mowing tax of $10 on Sam, he raises his price to $60
    6·1 answer
  • When people have insurance against a certain event, the notion that those people are less likely to guard against that event occ
    10·1 answer
  • Many managers describe performance appraisal as the responsibility that they like least. Why is this so? What could be done to i
    6·1 answer
  • Which of the following best defines health insurance? (1 point)
    7·1 answer
  • Andy deposited $3,000 this morning into an account that pays 5 percent interest, compounded annually. Barb also deposited $3,000
    12·1 answer
  • Aaron Company estimates direct labor costs and manufacturing overhead costs for the coming year to be $800,000 and $500,000, res
    5·1 answer
  • You are in talks to settle a potential lawsuit. The defendant has offered to make annual payments of $23,000, $29,000, $56,000,
    7·1 answer
  • Select the correct answer from each drop-down menu.
    8·1 answer
  • Based on past experience, Maas Corp. (a U.S.-based company) expects to purchase raw materials from a foreign supplier at a cost
    13·1 answer
  • Determine the effective hourly cost, the total annual cost, and the labor burden markup for the Superintendent with the followin
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!