Answer:
the management of money and things that are worth money.
Explanation:
Finance is best defined as the management of money and things that are worth money.
Answer:
r = 0.080528395 = 8.05%
Winner's Prize at 2044: $ 15,215,114.02
Explanation:
Principal 160
Amount 1,610,000
time: 2015 - 1896 = 119
![160 \: (1+ r)^{119} = 1,610,000\\ r = \sqrt[119]{1,610,000 / 160} -1](https://tex.z-dn.net/?f=160%20%5C%3A%20%281%2B%20r%29%5E%7B119%7D%20%3D%201%2C610%2C000%5C%5C%20r%20%3D%20%5Csqrt%5B119%5D%7B1%2C610%2C000%20%2F%20160%7D%20-1%20)
r = 0.080528395
If the same rate for the winner's prize is being keep by 2044 the winner will get:
Principal 1,610,000.00
time 29.00 (2044 - 2015)
rate 0.08053
Amount 15,215,114.02
Answer:
Economic models often vary greatly in assumptions and simplifications.
Explanation:
Most models in Classical Economics are based on a lot of generalizations and simplifications, that intend to model the behavior of the situations of the real world but often fail to encompass all the intricacies and complications that even most straightforward situations present. These simplifications help the Economists figure out the mathematical laws that are governing the real world economic systems. Therefore making the economic modeling a simpler process.
Classic economics implies three basic assumptions:
1- People behave rationally in any situation.
2- Firms and individual want to maximize profit and utility
3- People act independently based on available information.
Explanation:
Total loss the company did in was 210,000
Amount of loss going to Zelda's head would be
= (210,000) * 60%
= 126,000
Earnings share for Zelda in 2018
14,600 * 60% = 8760
6,200 * 60% = 3720
And 95,000
Zelda’s adjusted basis in her YZ interest before loss deduction in 2018 would be
= 95,000 + 8760 + 3720
= 107,480.
Zelda’s adjusted basis in her YZ interest at the end of 2018 after loss deduction would be zero or nill
