The ending cash balance will be $11,000.
$28,000- $12,000
$16,000
$16,000-$10,000
$6,000
$6,000+$5,000
$11,000
Answer:
Option (D) is correct.
Explanation:
Imperfect information refers to a situation in which both the parties (i.e buyer and seller) have different information. For example; In a market of second hand car industry, the buyer have less information about the car as compared to the seller. In this type of industry, the seller have more information about the condition and quality of used car.
In our case, the seller of antique have more information about the product, so this will lead to give a disadvantage to a potential buyer of antique.
The answer to your question is systems analysts.
High Sierra, LLC, which is incorporated in Nevada but headquartered in Northern California, could be sued in Nevada for its alleged defective product if <u>D. Sells its products</u> to Nevada residents using the USPS for delivery.
<h3>What is a defective product?</h3>
A defective product is one that causes injury to the consumer thereby incurring product liability. Product defects can arise from:
- Design
- Manufacturing
- Marketing.
<h3>Answer Options:</h3>
A. It maintains a sales agent with a small satellite office in Carson City, Nevada.
B. It runs radio ads advertising its product on a Las Vegas radio station.
C. Its sales representatives regularly fly out of Reno, Nevada when heading out on business trips.
D. Sells its products to Nevada residents using the USPS for delivery.
Thus, High Sierra could be sued in Nevada for <u>Option D</u>.
Learn more about defective products at brainly.com/question/26421253
Answer:
The answer is 12.83%.
Explanation:
We have the below calculations:
- Coupon payment = 1,000 x 9% = $90;
- Purchasing price = $1,000;
- Price sold after 3 years is equal to the present value of 9 annual coupon payments plus face value repayment after 9 years, discounted at YTM at the time of sell at 7%;
=> Price after 3 year = (90/0.07) x ( 1- 1.07^-9) + 1,000/1.07^9 = $1,130.3;
The holding period yield (HPY) is the discount rate that equalizes cash flow from 3 years of holding the bond to its original purchased price:
1,000 = (90/HPY) x [1 - (1+HPY)^-3] + 1,130.3/ (1+HPY)^3 <=> HPY = 12.83%.
