A requirements contract is too vague to be a legally-enforceable agreement. Group of answer choices True False

The shared federal and state health insurance program for low-income persons is called

Olin [163]

The joint federal and state health insurance program for low-income persons in the United States is called MEDICAID. Medicaid, helps with medical costs for those people with limited resources and income. While Medicaid is jointly funded by both federal and state governments, it is managed by the state governments.

8 0

3 years ago

The following U.S. Treasury bond is listed in the The Wall Street Journal: Rate Mo/Yr Bid Asked 9.50 Oct 38 135:30 136:04 This $

STatiana [176]

Answer:

6.35%

Explanation:

If you purchase this bond you will need to pay $1,000 x 136.04% = $1,360.40

the coupon rate is 9.5% / 2 = 4.75% or $47.50 every six months

the bond matures in 18 years or 36 semiannual periods

yield to maturity = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]

YTM = {47.5 + [(1,000 - 1,360.4)/36]} / [(1,000 + 1,360.4)/2]

YTM = 37.49 / 1,180.2 = 0.031766 x 2 (annual yield) = 0.06353 = 6.35%

8 0

3 years ago

Marko, Inc. is considering the purchase of ABC Co. Marko believes that ABC Co. can generate cash flows of $5,000, $9,000, and $1

nika2105 [10]

Answer:

$21,435.74

Explanation:

Marko will pay as much as the discounted present value of the cash flow:

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

Maturity $5,000.00

time 1.00

rate 0.14000

$\frac{5000}{(1 + 0.14)^{1} } = PV$

PV 4,385.9649

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

Maturity $9,000.00

time 2.00

rate 0.14000

$\frac{9000}{(1 + 0.14)^{2} } = PV$

PV 6,925.2078

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

Maturity $15,000.00

time 3.00

rate 0.14000

$\frac{15000}{(1 + 0.14)^{3} } = PV$

PV 10,124.5727

We add them together and get the total price for ABC Co

$\left[\begin{array}{ccc}#&Cashflow&Discounted\\&&\\1&5000&4385.96\\2&9000&6925.21\\3&15000&10124.57\\&total&21435.74\\\end{array}\right]$

8 0

3 years ago

On March 31, 2021, M. Belotti purchased the right to remove gravel from an old rock quarry. The gravel is to be sold as roadbed

fenix001 [56]

Answer:

$33,840

Explanation:

The computation of the depreciation per units or tons under the units-of-production method is shown below:

= (Original cost - residual value) ÷ (estimated tons)

= ($158,400 - $0) ÷ (22,000 tons)

= ($158,400) ÷ (22,000 tons)

= $7.20 per tons

Now for the year 2021, it would be

= Tons during 2021 × depreciation per tons

= 4,700 × $7.20 per tons

= $33,840

5 0

2 years ago

Michael’s is considering a project that has projected sales of 4,200 units ± 5 percent, a sales price per unit of $50 ± 4 percen

julsineya [31]

Answer:

annual net income is $23077.25

Explanation:

Given data:

sales volume = 4200 units

selling price/units $50

variable cost/units $25

fixed cost is $45000

Total sales $unit = 4200 + 5\% \times 4200 = 4410 units$

selling price/unit $= $50 + 4\%\times $50 = $52$

variable cost/unit $= $25- 5\%\times 25 = $23.75$

fixed cost $= 45000 - 3\%\times 45000 = $43650$

sales $=4410 \times 52 = $229320.00$

variable cost $= 4410 \times 23.75 = 104737.5$

difference = 229320 - 104737 = 124583

fixed cost = $43650

depreciation exchange = $11000

so total income prior to tax = 124583 - (43650 + 11000) =$ 69932.5

tax rate is 33%

so total income after tax is $= 69932.5 \times .33 = $23077.725$

4 0

3 years ago