Answer:
The actual cash value a person would receive for a $4,500 destroyed furniture would be:
$3,000
Explanation:
Actual cash value is a method to calculate the value of an insured good. Its formula goes like this: Original value minus the original value divided by the years covered multiplied by two. In our case this would be 4,500-[4,500 / 6 x 2] giving us as result the following operation 4,500- 1500 = 3,000.
Answer:
Price of bond =1,143.18
Explanation:
<em>The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).
</em>
Value of Bond = PV of interest + PV of RV
The value of bond for Wesimann Co can be worked out as follows:
Step 1
<em>PV of interest payments
</em>
Semi annul interest payment
= 7.8% × 1000 × 1/2
= 39
Semi-annual yield = 6.1%/2 = 3.05 % per six months
Total period to maturity (in months)
= (2 × 12) = 24 periods (Note it was sold 12 years ago)
PV of interest =
39 × (1- (1+0.0305)^(-24)/)
0.0305 = 656.94
Step 2
<em>PV of Redemption Value</em>
= 1,000 × (1.0305)^(-24)
= 486.237
Price of bond
= 656.94 +486.23 = 1,143.179
Price of bond =1,143.18
Answer:
partnership
i think the is the answer
Answer: Create incentives to expand output when resource prices are unresponsive to price-level changes
Explanation:
High price levels indeed create incentives to expand output if resource prices are unresponsive to price changes.
What this means is that, when price levels rise, suppliers tend to take advantage of this rise by producing more if, their INPUTS DON'T increase in price as well.
For example, price of steel goes up by $5 but the price of Iron Ore remains the same.
Suppliers and Producers will produce more steel because they can make a high profit because iron ore prices have not changed.
The conflict theory, suggested by philosopher Karl Marx, claims society is in a very state of perpetual conflict thanks to competition for restricted resources. It states that social order is maintained by domination and power, instead of accord and conformity.
The worldview <span>sees social life as a competition and focuses on the distribution of resources, power, and inequality.</span>
