Answer:
$4,600
Explanation:
Data provided in the question:
Purchasing cost of the van = $20,000
Adjusted basis = $5,800
Worth of the van at the time of accident = $6,000
Insurance reimbursement = $1,200
Now,
The amount of Riley's casualty loss deduction will be
= Adjusted basis - insurance reimbursement
or
Amount of Riley's casualty loss deduction = $5,800 - $1,200
or
Amount of Riley's casualty loss deduction = $4,600
Answer:
$0.35
Explanation:
The computation of the price elasticity of demand using mid point formula is shown below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)
So, Change in quantity demanded would be
= Q2 - Q1
= 40 - 30
= 10
Now, Average of quantity demanded
= (40 + 30) ÷ 2
= 35
Change in price
= P2 - P1
= $35 - $15
= $20
And, the average of price would be
= ($35 + $15) ÷ 2
= $25
Cross price elasticity of demand = (10 ÷ 35) ÷ ($20 ÷ $25)
= 0.28 ÷ $0.8
= $0.35
Answer:
This is a personal question man
Explanation:
Im sorry, but I can't answer personal questions
Sorry
Answer:
TRADE DEFICIT
FOREIGN CURRENCY RESERVE DEPLETION
LOCAL CURRENCY DEVALUATION
RECESSION
POTENTIAL UNEMPLOYMENT
Explanation:
The problem that could develop if the U.S. became too dependent on other nations for goods and services are:
1. Trade deficit because when a country imports more than it exports it runs a trade deficit.
2. Foreign Currency Reserve Depletion: If the U.S. has to import so much from other countries, it will need to increase its foreign reserve because that is how it will pay for such imports. Otherwise the foreign reserve will be hugely depleted
3. Local Currency Devaluation. Reliance on exports can devalue the worth of the local currency because the demand of the foreign currency will be high in relation to local currency and people will be willing to pay more to get foreign currency, which will devalue the local currency
4. Recession: If the United States is reliant on OPEC countries for Oil and an embargo is placed on oil export from those, the U.S. will suffer a recession.
5. Potential Unemployment: Imports of finished goods will cripple local industries who will be forced to compete with the international firms whose goods and services are being imported; and those employed in such industries might loose their jobs, if the small local enterprises are unable to survive such competition.
Answer:
$627
Explanation:
To find the answer, we use the present value of an annuity formula:
![P = A[1-(1+i)^{-n} /i]](https://tex.z-dn.net/?f=P%20%3D%20A%5B1-%281%2Bi%29%5E%7B-n%7D%20%2Fi%5D)
Where:
- P = Present value of the investment
- A = Value of the annuiry
- i = interest rate
- n = number of compounding periods
Now, we plug the amounts into the formula:
![12,600 = A[1-(1+0.0465)^{-60} /0.0465\\]](https://tex.z-dn.net/?f=12%2C600%20%3D%20A%5B1-%281%2B0.0465%29%5E%7B-60%7D%20%2F0.0465%5C%5C%5D)
12,600 = A (20.09870355)
A = 12,600/20.09870355
A = 627
Thus, the value of the monthly payments is $627
