The function that is best suited in handling the task that
will help you in seeking the information needed such as the total sales
generated in January is the SUMIFS. This function will help in summing the
values in the cells base on the dates or numbers provided.
If the bank is now in a position to extend additional loans of $8,000. The legal reserve requirement is: 20 percent.
<h3>Legal reserve requirement</h3>
Using this formula
Legal reserve requirement=( Demand deposit -Additional loans/Demand deposit
Let plug in the formula
legal reserve requirement=($10,000-$8,000)/$10,000
Legal reserve requirement=$2,000/$10,000×100
legal reserve requirement=20%
Therefore the legal reserve requirement is: 20 percent.
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The remedy that Heidi has in this scenario is <u>D. Heidi is entitled</u> to recover the purchase price of the sculpture, as well as the money she spent to have the sculpture appraised.
<h3>What are the remedies for breach of contract?</h3>
Some of the legal remedies available to a party whose contract is <u>breached</u> are:
- Compensatory damages
- Specific performance
- Contract rescission
- Restitution.
<h3>Answer Options:</h3>
A. Heidi has no recourse in this scenario, because she accepted delivery of a non-conforming good.
B. Heidi may sue the art dealer for specific performance and require the dealer to secure the original sculpture in any way possible.
C. Heidi is only entitled to recover the money that she paid for the sculpture.
D. Heidi is entitled to recover the purchase price of the sculpture, as well as the money she spent to have the sculpture appraised.
Thus, based on the scenario, Heidi is entitled to Compensatory damages, which award the plaintiff the monetary value of what she either lost or incurred because of the breach.
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Answer:
Required rate of return = 10.75%
Explanation:
<em>The value of a stock using the dividend valuation model, is the present value of the expected future dividends discounted at the required rate of return. The required rate of return is the cost of equity
</em>
The model is represented below:
P = D× (1+g)/ ke- g
Ke- cost of equity, g - growth rate, p - price of the stock
This model can used to work out the cost of equity, as follows:
Ke = D× (1+g)/p + g
Ke = (1.48× 1.05)/27 + 0.05
Ke= 0.107555556
Required return = 0.1075 × 100 = 10.75
Required rate of return = 10.75%
