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aniked [119]
2 years ago
6

True or false: Subsection (d) under section 10 of the Federal Arbitration Act requires the court to review the merits of every c

onstruction of a contract.
Business
1 answer:
Vanyuwa [196]2 years ago
5 0

It is a  <u>False </u>statment to say that subsection (D) of section 10 of the Federal Arbitration Act mandate that the court review the merits of every construction of a contract. The act speaks to Arbitration.

<h3>What does the Federal Arbitration Act of the United States of America say?</h3>

Subsection (D) of section 10 of the above stated Act state that the United States Court would vacate an award upon application by any of the party to the arbitration:

<em>Where the arbitrators exceeded their power or so imperfectly executed them that a mutual, final and definite award upon the subject matter submitted was not made.</em>

See the link below for more about Arbitration:

brainly.com/question/1139969

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True or false? West African coastal countries have borrowed money from the World Bank and the International Monetary Fund.
Phantasy [73]
True, West African countries borrowed money fro the World Bank and the International Monetary Fund. West African countries are developing economies which similar to other developing economies in Africa and the rest of the world have taken loans and development funds from the IMF and the World Bank. 
4 0
3 years ago
Read 2 more answers
Bond P is a premium bond with a coupon rate of 9 percent. Bond D has a coupon rate of 5 percent and is currently selling at a di
Firdavs [7]

Answer:

a) 7% as their market price will adjsut to give the same yield as the market

b) bond P = -10.17

 bonds D  = 10.07

Explanation:

we have to calcualte the price variation of the bonds from now (10 years to maturity) to next year (9 years)

Bond P

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 90.000

time 10

rate 0.07

90 \times \frac{1-(1+0.07)^{-10} }{0.07} = PV\\

PV $632.1223

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   1,000.00

time   10.00

rate  0.07

\frac{1000}{(1 + 0.07)^{10} } = PV  

PV   508.35

PV c $632.1223

PV m  $508.3493

Total $1,140.4716

then, at time = 9

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 90.000

time 9

rate 0.07

90 \times \frac{1-(1+0.07)^{-9} }{0.07} = PV\\

PV $586.3709

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   1,000.00

time   9.00

rate  0.07

\frac{1000}{(1 + 0.07)^{9} } = PV  

PV   543.93

PV c $586.3709

PV m  $543.9337

Total $1,130.3046

Capital loss: 1,130.30 - 1,140.47 = -10.17

We repeat the process for bond D

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 50.000

time 10

rate 0.07

50 \times \frac{1-(1+0.07)^{-10} }{0.07} = PV\\

PV $351.1791

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   1,000.00

time   10.00

rate  0.07

\frac{1000}{(1 + 0.07)^{10} } = PV  

PV   508.35

PV c $351.1791

PV m  $508.3493

Total $859.5284

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 50.000

time 9

rate 0.07

50 \times \frac{1-(1+0.07)^{-9} }{0.07} = PV\\

PV $325.7616

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   1,000.00

time   9.00

rate  0.07

\frac{1000}{(1 + 0.07)^{9} } = PV  

PV   543.93

PV c $325.7616

PV m  $543.9337

Total $869.6954

Capital gain: 869.70 - 859.53 = 10.07

6 0
4 years ago
Bramble Corporation factors $252,500 of accounts receivable with Kathleen Battle Financing, Inc. on a with recourse basis. Kathl
attashe74 [19]

Answer:

Explanation:

Before passing the journal entry we have to do the calculations which is shown below:

The accounts receivable is $252,500

Financial charge = 2% of accounts receivable = $252,500 × 2% = $5,050

Recourse obligation fair value = $4,940

The loss on receivables sold would be = $5,050 + $4,940 = $9,990

Reserve amount =  4% of accounts receivable = $252,500 × 2% = $10,100

Now the journal entry would be shown below:

Cash A/c Dr $237,350

Reserve A/c Dr $10,100

Loss on receivables sold A/c Dr $9,990

      To Recourse liability                             $4,940

       To Accounts receivable                      $252,500

(Being the sale of receivables with recourse is recorded)

4 0
3 years ago
Assume the real rate of interest is 3.00% and the inflation rate is 6.00%. What is the value today of receiving 14,488.00 in 13.
OverLord2011 [107]

Answer:

Present Value= $15,874.25

Explanation:

Giving the following information:

Assume the real rate of interest is 3.00% and the inflation rate is 6.00%. What is the value today of receiving 14,488.00 in 13.00 years?

<u>This is a rare case where the interest rate is negative:</u>

Interest rate= 0.03 - 0.06= -0.03

Having said this, the present value is higher than the final value:

PV= FV/ (1+i)^n

PV= 14,488/ 0.97^3= $15,874.25

6 0
4 years ago
Tora Co. plans to produce 1,020 units in July. Each unit requires two hours of direct labor. The direct labor rate is $20 per ho
kompoz [17]

Answer: $40,800

Explanation:

Each unit requires 2 hours of direct labor.

1,020 units would therefore require:

= 1,020 * 2

= 2,040 hours of labor

The direct labor rate is $20 per hour. If there are 2,040 hours to be worked, the cost would therefore be:

= 20 * 2,040

= $40,800

7 0
3 years ago
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