Answer:
There is a loss of 18,000
Explanation:
In this question, we are asked to calculate the amount of boot in this transaction.
We proceed as follows;
We must identify that to buy one asset, we exchanged one asset with another
Mathematically;
loss or gain = asset given up - Discount received in exchange
From the question we identify the following;
value of asset given up = 225,000 - 195,000 = 30,000
Discount received in exchange = 12,000
Thus, loss or gain is
= 30,000 - 12,000
So, there's a loss of 18,000
Answer:
B)Consult with key competitors about the optimal set of prices to charge, i.e., the prices that will maximize profits for our firm and its competitors.
Explanation:
The financial planning process can be regarded as series of steps which states best way of using money and investments as well as other assets so that financial goals can be potentially achieved. Most of the financial plans has its focus savings of goals as well as payoff goals even estate planning goals so that roadmap to financial freedom can be set.
The steps that can be taken in the financial planning process are;
✓ Forecast the funds that will be generated internally. If internal funds are insufficient to cover the required new investment, then identify sources from which the required external capital can be raised.
✓Develop a set of forecasted financial statements under alternative versions of the operating plan in order to analyze the effects of different operating procedures on projected profits and financial ratios
✓Determine the amount of capital that will be needed to support the plan. e. Monitor operations
Answer: One of the costs of not having insurance is the cost of repairing. Another cost is paying insurance premiums. Losses caused by a lack of insurance are the price of not having insurance.
Answer: There has been an economic growth in our society.
Explanation: Economic growth refers to a situation when the individuals and firms in the economy gets more commodities for their consumption.
When economic growth occurs the capacity of the economy increases in respect of production. Hence the total production increases over time leading to high demand and supply in the market.
Thus, the more usage of commodities like car and air conditioners is an evidence of economic growth.
Answer: False
Explanation: The PPC curve is one that illustrates the varying amounts of two products that can be produced when both depend on the same finite resources.
If an economy is operating at a point outside the production possibility curve (PPC) it indicates that the society is producing at an output level that is currently unattainable by its present economy . In other words, it implies growth and that more of both goods indicated by the PPC cannot be produced with the limited resources available.