<span>Quite a number of private health insurance companies have expended
huge sums of money in a bid to prevent a pending bill before the Kansas state
legislature from being passed into law. This bill advocates that the state should
be the only payer of health care bills by prohibiting private establishments
from selling health insurance. The action of these private health insurance
companies is an example of rent-seeking behavior.</span>
Answer:
500 divided by 2/3 = 500 * 3/2= 750
Explanation:
You have to interchange the fraction 2/3. The denominator becomes the numerator and vice versa.
2/3 becomes 3/2
500 divided by 2/3 = 500 * 3/2
500 divided by 2/3 = 750
500* 3/2 is the same as 500 x 1.5 = 750
Answer:
a. Journal Entry on September 1st, 2019:
Dr: Cash/ Bank $50,000
Cr: Short Term Loan $50,000
b. Journal Entry to accrue interest on December 31st, 2019 is:
Dr: Interest Expense $1,333.33
Cr: Accrues Interest Expense $1,333.33
c. Interest Expense on March 31st, 2020 is :
$1,000
d. The Total cash company will pay back on March 31st 2020:
52,333.33 (50,000 principal + 2,333.33 interest)
Explanation:
b. Annual Interest is $50,000×8% = $4,000 per annum.
The annual interest rate is prorated for 4 months (Sept 2019 -Dec 2019)
$4,000 *4/12 = $1,333.33
c. Interest expense for next fiscal year up till March 2020 is calculated by prorating annual interest expense for 3 months (Jan 2020- Mar 2020)
$4,000×3/12 = $1,000
Answer:
the cost to repair your vehicle, as well as all damage to other vehicles involved in the accident.
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, executory contract, etc.
A foreseeable damage can be defined as a any form of damage that the parties to a contract knew or took note of at the time when they were signing an agreement to the contract. Thus, it is the ability of an individual to reasonably anticipate the likelihood of damage or potential injury in a given circumstance such as an accident.
This ultimately implies that, foreseeable damages involves the ability of a reasonable individual to anticipate the potential results of his or her actions such as damage or injury to another person due to the refusal to repair a faulty car.
An example of foreseeable damages from a faulty repair of your car that led to an accident would be the cost to repair your vehicle, payment of hospital bill for the injured, including the damage to other vehicles that were involved in the car accident.
