Answer:
Article 2 of the UCC(Uniform Commercial Code).
Explanation:
UCC is said to be an acronym which stands for the Uniform Commercial Code; this is seen also to govern many different forms of contract interactions. Article 2 in most cases are seen to cover common issues ranging from
i). Goods definition of i.e any tangible item that can be moved.
ii). Situations involving missing terms in a contract, such as a missing quantity, price etc.
iii) Contract modifications and lastly
iv). Exchanges of consideration for items of value.
Alot of research has shown in most cases that article 2 is a popularly cited provision in this body of statutes, since it governs contracts for the sale of goods between merchants or between a merchant and a non-merchant.
Answer:
b. judgment sampling.
Explanation:
In this scenario, where he believes that this group of students will be representative of the university student population in the United States, the professor is most likely using Judgment or Expert sampling which is normally used in circumstances where the pointed population involves very intelligent people like student of the University of United States here who cannot be determined by using any different type of probability or non-probability sampling method.
Answer:
PV Index = 1.158
Explanation:
Present value index is the ratio of discounted cash flows of the project divided by initial outlay required for the project thus first we calculate the Present Values for Investment B
Present value factors @ 12% for year 0, 1, 2, 3, 4 respectively.
1
0.893
0.797
0.712
0.636
Net Present Value = -9000 + (5000 * 0.893) + (4000 * 0.797) + (3000 * 0.712) + (1000 * 0.636)
NPV = $1425
Present value Index = NPV / Initial investment = 1425/9000 = 0.158
This can be interpreted as 1 + 0.158 = 1.158,
1 being the initial investment. You can also choose not to subtract the initial outlay when calculating NPV.
Hope that helps.
Answer:
The interest paid on loan was at floating rate which means that the investor earning was lower because of lower interest rate than the interest rate he was expecting.
Explanation:
Because the bond was dependent on the floating rate in the market. The borrower kept paying the investor at the floating rate not at the fixed rate which would had increased its investment worth to $1800. As $1600 is less than $1800 so the interest rate agreed was floating rate interest.
Answer:
8.53 years
Explanation:
Calculation for the duration of the bond
The first step is to calculate for Change in Bond Price
Change in Bond Price = -(30)/1,170
Change in Bond Price = -0.0256×100
Change in Bond Price =-2.56%
Second step is to find the Effective Duration
Effective duration = -0.0256/0.0030
Effective Duration = 8.53 years
Therefore the duration of this bond will be 8.53 years
