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Lena [83]
3 years ago
13

For each of the following resources, name at least two (hypothetical) competing potential uses for that resource. Then for each

describe how the “market” determines to which use it will be allocated.
Question 1 - A parcel of vacant land located at the intersection of two streets used heavily by commuters
Business
1 answer:
STatiana [176]3 years ago
6 0

Answer:

Question 1 - A parcel of vacant land located at the intersection of two streets used heavily by commuters

The parcel of vacant land could be used for building a house for domestic purposes: to be inhabited by a family or any other group of people, or it could also be used for building a commercial property (for example, a convenience shop).

Because the parcel is located at an intersection where there are many commuters, the market will likely determine that a commercial property would be more profitable, since many commuters means many potential customers.

A house, on the other hand, could not be as profitable, because people tend to dislike living in places where there are many people around.

You might be interested in
What can a cover letter explain that a résumé cannot?
DENIUS [597]

Answer:

Cover letters can also provide insight and explanation into sensitive information that your resume cannot, such as lapses in employment, career changes and layoffs.

Explanation: I put this as my answer and got it right. :)

6 0
3 years ago
if dan's baseball card collection is stolen after he entered in to an agreement to sell the cards, the contract must be because
Pie

If dan's baseball card collection is stolen after he entered into an agreement to sell the cards, the contract must be discharged, because of the impossibility of performance.

What is the agreement?

A contract between two or more people to do something is referred to as an agreement. Two or more parties must agree to the terms of the agreement in order to create a legally binding commitment.

The baseball card collection entered into an agreement to sell the cards, the contract must be discharged, and the performance is impossible. The credit card was taken. This is the primary reason for the performance's impossibility.

As a result, the agreement of the discharge of the contract.

Learn more about the agreement, here:

brainly.com/question/24225827

#SPJ4

5 0
1 year ago
assume that the price of a $1,000 zero-coupon bond with five years to maturity is $567 when the required rate of return is 12 pe
Gelneren [198K]

The price elasticity of the bond, based on the years to maturity and the required rate of return is -0.494

<h3>How to find the price elasticity of he bond?</h3><h3 />

First, find the new price of the bond:
= 1, 000 / ( 1 + 15%)⁵

= $497

The change in price:

= (497 - 567) / 567

= -12.3%

Then find the percentage change in the required rate of return:

= (15 - 12%) / 12

= 25%

The price elasticity of the bond is:

= -12.3% / 25%

= -0.494

Find out more on price elasticity at brainly.com/question/5078326

#SPJ1

3 0
1 year ago
On December 31, 2020, American Bank enters into a debt restructuring agreement with Barkley Company, which is now experiencing f
Setler79 [48]

a) Since the debt modification is <u>substantial</u>, more than 10%, the gain to be recorded by Barkley Company, $600,000, will be equal to the loss recorded by American Bank under the debt restructuring.

b) Barkley Company can record a Profit under the term modification above because it is a <u>substantial</u> debt modification, with a gain of $600,000, which is 20% of the original debt.

c. The preparation of the Interest Payment Schedule is as follows:

Period        PV                        PMT             Interest                     FV

1        $2,400,000.00    $621,565.76        $34,262.40        $1,812,696.64

2         $1,812,696.64    $621,565.76        $25,878.06        $1,217,008.93

3         $1,217,008.93    $621,565.76         $17,374.02             $612,817.19

4             $612,817.19    $621,565.76          $8,748.58           $0.00

<h3>What is a debt modification?</h3>

A debt modification is the restructuring of debt to enable the debtor experiencing financial difficulties to regain the financial muscle to settle the restructured debt.

Debt modification can affect the following debt terms:

  • The amounts
  • Timing of interest payments
  • Timing of principal repayment
  • Rate of interest.

<h3>Data and Calculations:</h3>

12% Note Payable = $3,000,000

Revised 10% Note Payable = $2,400,000

Gain on Debt Modification = $600,00

Extended Maturity Period = 4 years

Learn more about debt modifications at brainly.com/question/1490221

5 0
1 year ago
Most modern workers _________.
Lisa [10]

Answer:

B. Will change both their jobs and careers

Explanation:

Internet made it really easy for people to access information , including new educations. Due to the abundant of information that the people can use, acquiring new skills and connections that required to change jobs became much Easier.

According to the data that recorded by the government, around 51% of modern workers change their jobs within 1-5 years period and around 30% workers change their careers every 12 months.

4 0
3 years ago
Read 2 more answers
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