Answer:
Amount to pay by PAP = $39,600
Explanation:
The liability limits of $20,000/$40,000/$20,000 implies that the highest amount PAP will pay for driver's injuries is $20,000, while the highest to pay for the first of two passenger is $40,000 and $20,000 for second passenger.
Since the a passenger received injuries worth $12,500, and another passenger received injuries of $7,100, the PAP will the actual amount and $20,000 for the driver's injuries. The total can therefore be calculated as follows:
Amount to pay by PAP = $20,000 + $12,500 + $7,100 = $39,600
Answer:
Explanation:
St deviation of stock σ = √( β² x σ₁² + σ₂² )
σ₁ = standard deviation of market = .15 and σ₂ is standard deviation of firm
Putting the values given
.30 = √ ( β² x .15² + .10² )
.09 = β² x .0225 + .01
β² x .0225 = .08
β² = 3.5555
β = 1.88
Answer:
$405,000
Explanation:
The calculation of total amount is shown below:-
If the company disposes of the equipment to buy the new equipment, the sunk cost will be the old equipment's book value.
Sunk cost = Book value of the old Equipment
Sunk cost = Cost of equipment - Accumulated Depreciation
= $550,000 - $145,000
= $405,000
Therefore for computing the sunk cost we simply deduct the accumulated Depreciation from cost of equipment
Answer:
Option (d) , Bank 4 offers the highest amount after a year
Explanation:
The total amount from each of the interest rates can be expressed as;
A=P(1+r/n)^nt
where;
A=Future value of investment
P=Initial value of investment
r=Annual interest rate
n=Number of times the interest is compounded annually
t=number of years of the investment
a). Bank 1
P=x
r=6.1%=6.1/100=0.061
n=1
t=assume number of years=1
replacing;
A=x(1+0.061/1)^(1×1)
A=x(1.061)
A=1.061 x
b). Bank 2
P=x
r=6%=6/100=0.06
n=12
t=1
Replacing;
A=x(1+0.06/12)^(12×1)
A=x(1.005)^12
A=1.0617 x
c). Bank 3
P=x
r=6%=6/100=0.06
n=1
t=1
Replacing;
A=x(1+0.06/1)^(1)
A=1.0600 x
d). Bank 4
P=x
r=6%=6/100=0.06
n=4
t=1
A=x(1+0.06/4)^(4×1)
A=x(1+0.015)^4
A=x(1.061)
A=1.0614 x
e). Bank 5
P=x
r=6%=6/100=0.06
n=365
t=1
A=x(1+0.06/365)^(365×1)
A=1.0618
Option (d) , Bank 4 offers the highest amount after a year
Answer:
$3,700
Explanation:
Given that
Adjusted gross income for the year 2019 = $415,300
Children ages = 4, 7, and 18 as dependents
Based on the given information, Russ and Linda's total child and other dependent credit for the year 2019 is
= (Maximum amount per qualifying child + non-refundable tax credit) - (deductible amount × age)
= ($2,000 × 2 + $500) - ($50 × 16)
= $4,500 - $800
= $3,700
After $400,000 the $50 is decreased for each and every $1,000
