A lawyer believes that the probability is .3 that she can win a discrimination suit. If she wins the case, she will make $400,00
1 answer:
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The link between the Scarcity and choice is the study of how individuals and society choose to allocate scarce resources.
<h3>What is the Meaning of Scarcity?</h3>Scarcity refers to the insufficient or the shortage of the resources with the individual or in the particular nation. For Example In any Industry there is the shortage of the skilled workers.
The complete question is attached below.
The link between the Scarcity and the Opportunity Cost is that it has the direct implication on the scarcity. In decision making process, one must has to sacrifice the opportunity cost of that action.
The link between the Scarcity and competition is due to the Lack of resources which forces people to compete for the limited resources that are accessible because there aren't enough to satisfy everyone's wants.
Additionally, people would compete for the rationing tool, such as money, whatever it may be.
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Answer:
a)
Total $483,841.9681
b)
cash 483,842 debit
discount on BP 16,158 debit
Bonds Payable 500,000 credit
c)
attached the schedule
d)
interest expense 24,192.1 debit
discount on BP 1,692.1 credit
cash 22,500 credit
e)
interest expense 24276.7 debit
discount on BP 1776.7 credit
cash 22500 credit
Explanation:
The price of the bonds is the present valeu of the maturity and coupon payment at the market rate:
Coupon payment:
22,500.000 (500,000 x 9% /2 )
time 8 (4 years x 2 payment per year)
rate 0.05 (10% / 2)
PV $145,422.2871
Maturity 500,000.00
time 8.00
rate 0.05
PV 338,419.68
PV c $145,422.2871
PV m $338,419.6810
Total $483,841.9681
We compare against face valeu to deteminate wether is premium or discount.
procceds 483,842
face value 500,000
discount on bonds payable -16,158
<u><em>As lower it is a discount.</em></u>
<u><em /></u>
For the interst we calcualte doing market rate times carrying value at the time given.
then we subtract the cash outlay and the difference is the amortization in the discounts
