B. The method of charging their clients
Is is responsible and ethical to make money off your clients even if their investments that you are responsible for are not doing well and are losing money?
Answer:
c. This contract is void.
Explanation:
Since in the question it is mentioned that one day Anna received a phone call from the health insurance salesman and she purchase a $400 medigap insurance policy so the contract should be void in the eyes of law as it is not valid in terms of law plus nothing is specified for whom she purchased the policy for $400
Therefore the correct option is c.
Answer:
Total dollar Annual Cost = $300,000
Explanation:
- Total loan Commitment = 9000000
- Borrowed Fund (Used Portion) = 6000000
- Unused Portion (9000000 - 6000000) = 3000000
- Annual Commitment Fee for unused Portion = 0.50%
- Commitment Fee = 3000000 x 0.05% = 15000
- Borrowed Fund (Used Portion) = 6000000
- Interest Rate (3.25% + 1.5%) = 4.75%
- Interest Cost (6000000 x 4.75%) = 285000
Total dollar Annual Cost (15000 + 285000) = $300,000
Answer:
Demand relationship is the relationship between the dominant prices of a good and the quantity that will be bought at that price.
Explanation:
Demand can be defined as the quantity of a good that consumers are ready to purchase at different prices at a given period of time.
The basic demand relationship is between potential prices of a good and the quantities that would be bought at those prices. The relationship is always a negative one, this implies that an increase in price will lead to a decrease in the quantity demanded. This negative relationship is represented in the downward slope of the consumer demand curve. Take for instance, if the price of a bag of rice rises from $10 to a price of $20, this is a huge price increase. This increase forces the consumer to demand less of that product at the price of $20 because the new price is more expensive and also very unreasonable for a bag of rice.
Answer:
a. $203.125
Explanation:
Calculation to determine the net profit/loss on this option to the investor
Net profit/loss=((1.900 - 1.885) - 0.0215)(31,250)
Net profit/loss=(0.015-0.0215)*31,250
Net profit/loss=0.0065*31,250
Net profit/loss=$203.125
Therefore the net profit/loss on this option to the investor will be $203.125
