Explanation:
1. A bond's face or maturity value is generally $1,000 and represents the amount borrowed from the bond's first purchaser.
2. A bond issuer is said to be in default if it does not pay the interest or the principal in accordance with the terms of the indenture agreement or if it violates one or more of the issue's restrictive covenants.
3. A bond contract feature that requires the issuer to retire a specified portion of the bond issue each year is called a singing fund provision.
4. A bond's call provision gives the issuer the right to call, or redeem, a bond at specific time and under specific conditions.
Answer:
C. efficiency and equality.
Explanation:
A typical society that strives to get the most it can from its scarce resources and at the same time, the society attempts to distribute the benefits of those resources to the members of the society in a fair manner; faces a trade-off between efficiency and equality.
Efficiency is the bid to avoid any kind of waste of resources, time, energy, efforts, money, or indeed any resource. Put simply it is getting the best out of a resource. While equality on the other hand is the distribution of resources or benefits to all parties in an equitable or fair manner.
Hence, it is obvious that the given scenario borders on efficiency and equality.
Correct answer choice is:
D. All of the above.
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Explanation:
For anyone seeking to finance a home, the volume of your average lease return is a fundamental concern. The value of your monthly mortgage will change your estimates for the period of your mortgage cycle, which may extend decades into the eternity. While each circumstance is distinct, these three circumstances will play a fundamental purpose in restricting the volume of your average debt installment.
1. The extended the duration of your debt, the lower the average cyclical return.
2. A framed rate never varies, any undertaking how much the demand varies over the course of your mortgage. Changeable rates are influenced by fluctuations in the exchange and will vary.
3. The greater the dimension of your down payment, the lower your average debt adjustment will be.
Answer:
The contract price is allocated to each performance obligation in proportion to the obligations' stand-alone selling prices.
Explanation:
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.
Simply stated, mutual assent connotes agreement, acceptance and consent to a contract by both parties.
In financial economics, an option can be defined as a contract availing the buyer (owner) of an option the absolute right but not an obligation, to call (buy) or put (sell) a given amount of an asset at specific price (amount of money) at a specific period of time in the future. Generally, options are bought and sold through retail brokers. When a price is stated on an option it is referred to as the strike price.
Hence, for contracts that include more than one separate performance obligation, the contract price is allocated to each performance obligation in proportion to the obligations' stand-alone selling prices.
Answer: B. 3
Explanation:
The expected arrival rate at service point is 45 customers per hour and reasonable service rate is 4 minutes.
The total numbers of customers each clerk can handled per hour is calculated below,
= (60 minutes)/ 4(minutes) = 15 customers
At the arrival rate of 45 customers per hour. The required number of clerks needed to handle 45 customers per hour is;
= customer arrived / customer served
= 45/15 =3
Therefore 3 clerks are required to keep the pace steady at an average time under 5 minutes.