Answer:
$145,000
Explanation:
Data provided in the question:
Adjusted basis of the barn = $125,000
Amount paid by the insurance company = $150,000
Amount reinvested in another barn = $170,000
Now,
Basis of the new barn
= Adjusted Basis of old barn + Additional amount spend on new barn in excess of amount paid by insurance company
= $125,000 + [ $170,000 - $150,000 ]
= $125,000 + $20,000
= $145,000
Answer:
Explanation:
ed= 2 , Price increase by 5%.
Elasticity of Demand = % Change in Quantity demanded/ % change in price
% change in quantity demanded = 2*5%=10%
Since, the elasticity > 1 and price has decreased, the total revenue will decrease. The impact of price change on Total revenue is based on the relationship between elasticity of demand and Total revenue.
Thus, there will be 10% fall
Answer:
The trader should orders to buy ABC stock or take a long position to the stock.
Explanation:
The stock has been fluctuating for 3 months, hence, its value should be well analysed. Now if there is a breakout through the support level, usually with a good quarterly performance report, the stock is likely to go "bull". Buying and holding the stock is a rational decision.
0 thousands of the people would be unemployed at a $6 minimum wage. It is because at a wage of $6 per hour which is the minimum wage per hour <span>the quantity demanded of workers is higher than the quantity supplied of workers. The quantity demanded of the workers will be high than the quantity supplied of the workers.</span>
Answer:
$3,249.80
Explanation:
Time Cash Flow
0 600
1 600
2 600
3 600
4 600
Future Value of this cash flow at the end of year 4 = 600 * ((1+4%)^5 – 1)/4%
Future value = 600 * [(1+0.04)^5 - 1 ] / 0.04
Future value = 600 * (1.04^5 - 1) / 0.04
Future value = 600 * (1.216653 - 1) / 0.04
Future value = 600 * 0.216653/ 0.04
Future value = 600 * 5.416325
Future value = $3249.795
Future value = $3,249.80
