Bonds issued years ago by the ABC Company will make annual coupon payments of $80 at the end of each year for the next five years and then a final payment of $1000 at the end of the fifth year. The current interest rate for bonds of this type is 2 percent The price at which these bonds will sell in the market is $. (Enter your response rounded to two decimal places.)

Answers

Answer 1

To calculate the price at which these bonds will sell in the market, we can use the present value formula.

Using the present value of an ordinary annuity formula, we can calculate the present value of these cash flows:

PV = C × [(1 - (1 + r)^-n) / r]

Where:

PV = Present value

C = Cash flow per period

r = Interest rate per period

n = Number of periods

Using the given values:

C = $80

r = 2% = 0.02

n = 5

PV = $80 × [(1 - (1 + 0.02)^-5) / 0.02]

PV = $80 × (1 - 0.904837418) / 0.02

PV = $80 × 9.516175913

PV = $761.294

Next, we need to calculate the present value of the final payment of $1000 at the end of the fifth year:

PV = F / (1 + r)^n

Where:

F = Future value

r = Interest rate per period

n = Number of periods

Using the given values:

F = $1000

r = 2% = 0.02

n = 5

PV = $1000 / (1 + 0.02)^5

PV = $1000 / 1.10408

PV = $904.837

Finally, to find the price at which these bonds will sell in the market, we sum up the present values of the coupon payments and the final payment:

Price = PV of coupon payments + PV of final payment

Price = $761.294 + $904.837

Price = $1666.13

Therefore, the bonds will sell in the market at a price of $1666.13.

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Related Questions

HW_1.1 Example 1.4 An order-of-magnitude estimate You are writing an adventure novel in which the hero escapes British units of around 200,000 lb, or 100 tons. Whether the pre- across the border with a billion dollars' worth of gold in his suit- cise number is closer to 50 tons or 200 tons doesn't matter. Either case. Is this possible? Would that amount of gold fit in a suitcase? way, the hero is not about to carry it across the border in a suitcase. Would it be too heavy to carry? We can also estimate the volume of this gold. If its density were the same as that of water (1 g/cm), the volume would be SOLUTION 10% cm", or 100 mº. But gold is a heavy metal; we might guess its IDENTIFY, SET UP, AND EXECUTE: Gold sells for around $400 density to be 10 times that of water. Gold is actually 19.3 times as an ounce. On a particular day the price might be $200 or $600, but dense as water. But by guessing 10, we find a volume of 10 m² never mind. An ounce is about 30 grams. Actually, an ordinary Visualize 10 cubical stacks of gold bricks, each 1 meter on a side, (avoirdupois) ounce is 28.35 g; an ounce of gold is a troy ounce, and ask yourself whether they would fit in a suitcase! which is 9.45% more. Again, never mind. Ten dollars' worth of gold has a mass somewhere around one gram, so a billion (10) EVALUATE: Clearly, your novel needs rewriting. Try the calcula- dollars' worth of gold is a hundred million (108) grams, or a hun- tion again with a suitcase full of five-carat (l-gram) diamonds, dred thousand (10) kilograms. This corresponds to a weight in each worth $100,000. Would this work? Please identify, set up and execute the same problem for diamond case: a suitcase full of five- carat (1 g) diamonds; each worth $100,000.

Answers

IDENTIFY: We need to determine whether it is possible for a hero to carry a billion dollars' worth of gold in a suitcase across the border, and if not, we need to estimate the weight and volume of the gold. Then we need to repeat the same problem for a suitcase full of 5-carat diamonds.

SET UP AND EXECUTE:

Gold case:

Assuming the density of gold is 10 times that of water, the volume of the gold would be 10 cubic meters. Since one cubic meter is equal to 1000 liters, this means that the volume of the gold is 10,000 liters. A standard suitcase has a volume of about 0.1 cubic meters, which means that it would take 100 suitcases to hold the gold. However, the weight of the gold would be approximately 100,000 kilograms or 100 metric tons, which is much too heavy for anyone to carry.

Diamond case:

The weight of a 5-carat diamond is approximately 1 gram, and each diamond is worth $100,000. Therefore, a suitcase filled with 1000 diamonds would be worth $100 million. Assuming a suitcase can hold 50,000 diamonds (which is about the maximum number of diamonds that can fit in a 0.1 cubic meter space), then a billion dollars' worth of diamonds would require 10 suitcases. The weight of the diamonds in each suitcase would be approximately 50 kilograms, which is a manageable weight to carry.

EVALUATE:

It is not possible for the hero to carry a billion dollars' worth of gold in a suitcase across the border because the weight of the gold would be too heavy. However, a suitcase full of 5-carat diamonds would be a feasible option as the weight of the diamonds is relatively low compared to the value.

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On January 1 of the current year, Sheena Company purchased 30 percent of the outstanding common stock of Maryn Corporation at a total cost of 485,000 . Management intends to hold the stock for the long term. On the current year's December 31 balance sheet, the investment in Maryn Corporation was 556,000 , but no additional Maryn stock was purchased. The company received 90,000 in cash dividends from Maryn. The dividends were declared and paid during the current year. The company used the equity method to account for its investment in Maryn. The market price of Sheena Company's share of Maryn stock increased during the current year to a total value of 550,000 .

Required:

(d) If Sheena did not have significant influence over Maryn and used the fair value method, what amount should be reported as the investment in Maryn Corporation on the current year's December 31 balance sheet.

Answers

If Sheena did not have significant influence over Maryn and used the fair value method, the investment in Maryn Corporation should be reported as $550,000 on the current year's December 31 balance sheet.

The fair value method is used when the investor does not have significant influence over the investee. In this case, the investment in Maryn Corporation should be reported at fair value on the current year's December 31 balance sheet.

To calculate the fair value, we would use the market price of Sheena Company's share of Maryn stock, which is $550,000. This is the total value of the stock. Therefore, the amount reported as the investment in Maryn Corporation on the current year's December 31 balance sheet would be $550,000. The fair value method is used to report the investment at its current market value.

Since Sheena Company does not have significant influence over Maryn Corporation, the investment should be reported at fair value. The market price of Sheena Company's share of Maryn stock is $550,000, so that would be the amount reported on the balance sheet.

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Managers who are ______ believe that native managers in the foreign offices best understand native personnel and practices, and so the home office should leave them alone.

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Managers who are Ethnocentric believe that native managers in foreign offices best understand native personnel and practices, and so the home office should leave them alone.

This is further explained below.

What is Ethnocentric?

Generally, The use of one's own culture or ethnicity as a reference point to assess other cultures, customs, behaviors, ideas, and individuals is what is meant by the word "ethnocentrism," which is used in the areas of social science and anthropology as well as in daily spoken English.

This is done in place of judging the specific culture based on its own norms, which would be inappropriate.

In conclusion, Ethnocentric managers are those that hold the belief that native executives working in foreign offices have the best understanding of the local staff and procedures and that the home office ought to leave them alone because of the competence that they possess in these areas.

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Once a business determines what strategies it can afford, it then needs to match each _____ with each marketing strategy.


marketing tactic
target market
analysis
SMART goal

Answers

Once a business determines what strategies it can afford, it then needs to match each target  market with each marketing strategy.

What is market target?

A target market  can be defined as the people or customers  with which a company or organization focus their target at.

Most companies tend to use market target as a form of market strategy  so as to increase their sales or to create awareness about their product.

Therefore the correct option is B.

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Who has the most goals in fifa history​

Answers

Answer:

Pele

explanation:

In 1.9k+ goals

influences of Business environment,​

Answers

Factors that Influence the business environment are :

Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment

The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.

Importance of business environment:

Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.

The economic environment is all the things that create an economic impact on the firm.

The social environment is all the traditions and customs of the society that creates an impact on the firm.

The technological environment is all the impact on the firm caused due to new technology and upgradations.

The political environment is the conditions and behavior that the elected representatives hold toward the business

The legal environment is entirely based on the rules and legislation of the authorities.

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Putting money into more than one kind of investment at a time is called liquidity. sunken cost. diversification. compound interest.

Answers

Answer:

diversification

Putting money into more than one kind of investment at a time is called diversification.

What is diversification?

Diversification is the process of investing in diverse opportunities so as to reduce non-systemic risks. For example, if a person buys the stock of a health care company, in order to diversify, the person might invest in the stocks of an automobile company.

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contests addie is entering a contest in which she needs to make a piece of clothing entirely out of duct tape. if her budget for tape is $100 and each roll costs $2.50 after sales tax, how many rolls of tape can addie buy?

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If contests addie is entering a contest in which she needs to make a piece of clothing entirely out of duct tape. if her budget for tape is $100 and each roll costs $2.50 after sales tax. The number of  rolls of tape that addie can buy is 40.

How to find the number of rolls of tape?

Using this formula to find the number of rolls of tape

Number of rolls of tape = Budget for Tape / Roll costs after sales tax

Where:

Budget for Tape = $100

Roll costs after sales tax = $2.50

Let plug in the formula

Number of rolls of tape = $100 / $2.50

Number of rolls of tape = 40 rolls

Therefore the Number of rolls of tape  is 40 rolls.

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1. Explaining Why does a natural disaster (drought, flood) in an agricultural
region almost always result in higher prices for commodities and consumer
goods?

Answers

If natural disasters or flooding occur, there is not enough goods for everyone, so only those who are willing to pay more, or the rich, can buy the goods.

TRUE / FALSE. when a company has a production constraint, the product with the highest contribution margin per unit of the constrained resource should usually be given the highest priority.

Answers

The statement is True. When a company faces a production constraint, it means that there is limited availability of a particular resource that restricts the company's production capacity.

Production refers to the process of creating goods and services to meet the needs and wants of consumers. It involves converting inputs, such as raw materials, labor, and capital, into outputs, which are the final products or services. Production encompasses various activities, including designing, sourcing, manufacturing, assembling, and delivering the goods or services.

Efficient production is crucial for businesses to meet demand, generate profits, and achieve economic growth. It involves optimizing resources, improving productivity, and minimizing costs. Production methods can vary depending on the industry and the nature of the product. Traditional methods include manual labor and craftsmanship, while modern production often involves automation, technology, and sophisticated machinery.

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most of the revenue that magazine companies generate comes from what?
A.subscriptions from readers
B.publishing content articles
C.selling space to advertisers
D.store and newsstand sales

Answers

Answer:

C.selling space to advertisers

Explanation:

Selling advertising space to advertisers is one of the oldest ways that magazines have been using to generate revenue. To date, advertising still accounts for a massive percentage of revenues for magazines.  Despite the emergence of other revenue streams for magazines, such as subscriptions, advertisers are still the biggest revenue source. Up to 59.5% of magazine revenue is through the sales of selling space to advertisers.

Answer:

C

Explanation:

180-day commercial paper can be bought at a 4.70 percent discount yield. What are the bond equivalent yield (BEY and the effective annual rate (EAR) on the commercial paper? (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 3 decimal places. (e.g. 2.161))

Answers

The bond equivalent yield (BEY) on the commercial paper is approximately 9.473 percent, and the effective annual rate (EAR) is approximately 9.759 percent.

To find the bond equivalent yield (BEY) and the effective annual rate (EAR) on the commercial paper, we can use the discount yield provided.

Step 1: Convert the discount yield to a dollar price
To do this, we need to calculate the price of the commercial paper. The discount yield is the difference between the face value of the commercial paper and its purchase price. In this case, the discount yield is 4.70 percent.

Let's assume the face value of the commercial paper is $1,000. To find the purchase price, we can calculate the discount amount:

Discount amount = Face value * Discount yield
Discount amount = $1,000 * 0.047
Discount amount = $47

The purchase price of the commercial paper is the face value minus the discount amount:

Purchase price = Face value - Discount amount
Purchase price = $1,000 - $47
Purchase price = $953

Step 2: Calculate the BEY
The bond equivalent yield (BEY) is the annualized yield of the commercial paper. To calculate the BEY, we need to consider that the commercial paper has a 180-day maturity period.

BEY = (Discount yield / (1 - (Discount yield * Maturity / Days in a year))) * 100
BEY = (0.047 / (1 - (0.047 * 180 / 365))) * 100
BEY ≈ 9.473

The bond equivalent yield (BEY) on the commercial paper is approximately 9.473 percent.

Step 3: Calculate the EAR
The effective annual rate (EAR) takes into account the compounding effect of the discount yield. We can calculate the EAR using the formula:

\(EAR = (1 + (Discount yield / (Days in a year / Maturity)))^((Days in a year / Maturity)) - 1\)
EAR = (1 + (0.047 / (365 / 180)))^((365 / 180)) - 1
EAR ≈ 9.759

The effective annual rate (EAR) on the commercial paper is approximately 9.759 percent.

In summary, the bond equivalent yield (BEY) on the commercial paper is approximately 9.473 percent, and the effective annual rate (EAR) is approximately 9.759 percent.

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unemployment is usually ______ for low-skilled jobs and _______ for high-skilled jobs

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Unemployment is usually higher for low-skilled jobs and lower for high-skilled jobs.

This is because low-skilled jobs often require less education and training, making them more easily replaceable by automation or outsourcing. On the other hand, high-skilled jobs require specialized knowledge and expertise, making them less likely to be replaced by technology or outsourced to other countries.

Additionally, high-skilled jobs often require more education and training, creating a smaller pool of qualified candidates and increasing demand for these positions. Overall, while unemployment rates can vary across industries and regions, the trend of higher unemployment for low-skilled jobs and lower unemployment for high-skilled jobs holds true in most cases.

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According to the article, the war in Ukraine is expected to
decrease global economic growth in 2022.
Suggest some possible reasons for why this might be the case.

Answers

There are several possible reasons why the war in Ukraine could potentially decrease global economic growth in 2022:

1. Trade disruptions: The conflict could lead to disruptions in global trade, particularly if key trade routes or infrastructure are affected. This could result in reduced imports and exports, impacting global supply chains and slowing down economic activity.

2. Energy prices: Ukraine is a significant transit country for natural gas pipelines supplying Europe. If the conflict escalates and disrupts energy supplies, it could lead to higher energy prices and increased uncertainty in the global energy markets, negatively impacting industries and consumer spending.

3. Investor confidence: Geopolitical tensions and armed conflicts create uncertainty, which can negatively impact investor confidence. The war in Ukraine may cause investors to be more cautious and reluctant to make long-term investment decisions, leading to reduced capital inflows and potentially lower economic growth.

4. Economic sanctions: The conflict could result in economic sanctions imposed by countries supporting one side or the other, which can have ripple effects on global trade and financial systems. Sanctions can restrict access to markets, limit investment flows, and disrupt financial transactions, all of which can hinder economic growth.

5. Humanitarian crisis and refugee flows: The war in Ukraine may result in a significant humanitarian crisis and an influx of refugees seeking safety in neighboring countries. Dealing with the humanitarian and economic challenges associated with displaced populations can strain resources and create additional burdens on host countries' economies.

6. Decreased consumer and business confidence: Conflict often leads to heightened uncertainty and fear among consumers and businesses. This can result in reduced consumer spending and delayed investment decisions, which can have a dampening effect on economic growth.

It's important to note that the actual impact on global economic growth will depend on various factors, including the duration and intensity of the conflict, the involvement of other countries, and the effectiveness of diplomatic and economic responses to the crisis.

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A producer has indicated to a potential client that the proposed life insurance policy is covered by the Massachusetts Life and Health Insurance Guaranty Association. This action taken by the producer is

Answers

There are lot of people involved in production. The action taken by the producer is prohibited by law.

Which  actions is considered to be an unfair trade practice?

Unfair business practices are said to be any kind of misrepresentation, untrue advertising or depiction of a good or service,  noncompliance with the terms of manufacturing standards, etc.

The action of the producer is prohibited because it is not the right thing to do and also not backed up by law.

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One of the major trends in the lodging sector is that organizations are becoming more international.
O False
O True
Mark this and return
Save and Exit
Nex
Subm

One of the major trends in the lodging sector is that organizations are becoming more international.O

Answers

The answer would be true

what does not produce a reflexive response what does not naturally produce a reflexive response

Answers

Stimuli that do not produce a reflexive response are typically those that do not trigger an automatic, involuntary reaction in our bodies. Reflexive responses are innate and occur without conscious thought, usually as a protective or survival mechanism. Examples of reflexive responses include pulling your hand away from a hot surface, blinking when something comes near your eye, or coughing when your airway is irritated.



Stimuli that do not naturally produce reflexive responses are generally those that require conscious thought or decision-making, such as solving a math problem, planning a vacation, or choosing an outfit to wear. These activities involve higher cognitive processes and do not rely on the automatic, involuntary actions that characterize reflexive responses.



In summary, stimuli that do not produce a reflexive response are those that do not trigger an automatic, involuntary reaction and instead require conscious thought or decision-making. These activities involve higher cognitive processes and differ from the protective or survival mechanisms seen in reflexive responses.

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Stimuli that do not produce a reflexive response are typically those that do not trigger an automatic, involuntary reaction in our bodies. Reflexive responses are innate and occur without conscious thought, usually as a protective or survival mechanism. Examples of reflexive responses include pulling your hand away from a hot surface, blinking when something comes near your eye, or coughing when your airway is irritated.



Stimuli that do not naturally produce reflexive responses are generally those that require conscious thought or decision-making, such as solving a math problem, planning a vacation, or choosing an outfit to wear. These activities involve higher cognitive processes and do not rely on the automatic, involuntary actions that characterize reflexive responses.



In summary, stimuli that do not produce a reflexive response are those that do not trigger an automatic, involuntary reaction and instead require conscious thought or decision-making. These activities involve higher cognitive processes and differ from the protective or survival mechanisms seen in reflexive responses.

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What are the three main decision-making types discussed in the article? (Site 1)

Answers

Answer:

hope it helped

Explanation:

1. Certain

2. Risk

3. Uncertainty

Answer:

1. Certain

2. Risk

3. Uncertainty

Explanation:

What are the basic forms of competition? Discuss

Answers

Answer:

Explanation:

La educación por competencias ha resurgido en todo el mundo con gran fuerza desde finales del siglo pasado. Las reformas del sistema educativo mexicano emprendidas en la última década y que comprenden todos los niveles tienen un elemento en común: un currículo con un enfoque basado en competencias. Al igual que en otros países, en México estamos viviendo una efervescencia por las competencias; no obstante, la confusión y la incertidumbre parecen ser el signo distintivo de estas reformas. Es cierto que el concepto de competencias es polisémico y complejo, que no existe una teoría unificada que sustente este enfoque y que carecemos de experiencia en la puesta en práctica de un currículo basado en competencias. Si a esto le sumamos la dificultad propia que entraña la evaluación del aprendizaje, diremos que las condiciones están puestas para que la ambigüedad y el desconcierto reinen en los centros educativos, tal como está sucediendo. Este artículo tiene como objetivo contribuir al debate teórico actual en torno a la evaluación de competencias, así como aportar algunos rudimentos de tipo metodológico que permitan a los profesores mejorar sus concepciones y prácticas de evaluación.

Palabras clave: educación por competencias, evaluación de competencias, currículo basado en competencias, aprendizaje por competencias.

Esquire Inc. uses the LIFO method to report its inventory. Inventory at January 1, 2021, was $600,000 (30,000 units at $20 each). During 2021, 100,000 units were purchased, all at the same price of $24 per unit. 110,000 units were sold during 2021. Assuming an income tax rate of 25%, what is LIFO liquidation profit or loss that the company would report in a disclosure note accompanying its financial statements?

Answers

In accounting, the Last-In-First-Out (LIFO) method is an inventory valuation technique used to determine the value of a company's inventories. The LIFO method assumes that the most recent inventory items purchased are the first to be sold, while older inventory items are sold last.

When prices are increasing, this can result in LIFO liquidation, which can generate income that may be taxed if the income exceeds the company's normal income. The LIFO liquidation profit or loss that the company would report in a disclosure note accompanying its financial statements is $120,000.

Let's determine the number of units sold by Esquire Inc during 2021 using LIFO method:

Inventory on January 1, 2021, = 30,000 units

Cost per unit = $20

The total cost of inventory at January 1, 2021, = $600,000

During 2021, 100,000 units were purchased at $24 per unit.

Cost of goods purchased = $24 × 100,000 units

= $2,400,000

Total inventory = $600,000 + $2,400,000

= $3,000,000

Less units sold = 110,000 units

LIFO cost of goods sold = 30,000 × $20 + 70,000 × $24

= $1,760,000

Profit or loss from LIFO liquidation = Cost of goods sold - Cost of goods available for sale

= $1,760,000 - $3,000,000

= -$1,240,000.

Since the LIFO liquidation results in a loss, the company can carry it back or forward to offset taxable income in other years. However, if the LIFO liquidation results in a profit, the company must pay taxes on it. Therefore, Esquire Inc will report a LIFO liquidation loss of $1,240,000 in a disclosure note accompanying its financial statements.

At an income tax rate of 25%, the tax savings will be

$1,240,000 × 25% = $310,000, resulting in an after-tax LIFO liquidation loss of $930,000 ($1,240,000 - $310,000).

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What is meant by marketing objectives?

Answers

Answer:

Marketing objectives are actionable targets designed to provide not just overall direction, but clear and specific actions. They are specific, measurable, attainable, relevant, and time-based (These are often called SMART goals, an acronym you've likely heard before!)

Advertising on a website is considered mainly what type of advertising media.

Answers

Answer:

Social media advertising

Explanation:

Types of advertising:

Paid search advertising.

Social media advertising.

Native advertising.

Display advertising.

Print advertising.

Broadcast advertising.

Outdoor advertising.

An issue that proposals for international reform agree on is that Question content area bottom Part 1
A. IMF quotas are currently set at an appropriate level. B. the Basel capital requirements for banks should be increased. C. there must be a lender of last resort. D. the IMF should intervene more in financial crises.

Answers

The correct option is C. The issue that proposals for international reform agree on is that there must be a lender of last resort. A lender of last resort is an institution, typically a country's central bank, that provides loans to financial institutions experiencing a crisis that is unable to get loans from other banks.

This occurs during a financial crisis when commercial banks have insufficient reserves to meet short-term liabilities. Governments have used lender-of-last-resort institutions to address crises since the early 19th century. The rationale behind lender-of-last-resort institutions is to maintain economic stability by preventing bank failures and runs on banks.

By ensuring that banks have sufficient cash flow during financial crises, the central bank can prevent bank failures that might have otherwise led to the loss of depositor savings, a run on banks, or a recession. To sum up, proposals for international reform agree that there must be a lender of last resort, which is a crucial element in maintaining economic stability during financial crises.

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"How do you access the Expression Builder to add a calculated field to a report? in the Report Wizard in the Format tab through Control Source in the Property Sheet through the Group & Sort function in Design tab through the Design View dialog box under Controls​

Answers

B through control source in the property sheet

Answer: absnaja

Explanation: ekaksjen

A client is unhappy with his or her registered representative due to a misunderstanding over a trade. How long does he or she have to file for arbitration?

Answers

Answer:

6 years

Explanation:

Registered representatives do certainly notify their employer of their activities. Lack of communication can bring about misunderstanding and disagreement.

Arbitration is simply known as private and adversarial dispute settlement or resolution process. It involves the disputants tendering their proofs and arguments to a neutral third party who has the power to issue a binding decision based on standards whiich are objectives in nature.

factorise the following3x^2-18 +24​

Answers

Answer:

it's 3(x^2-2) bcoz -18-24= -6 and 3 is divisible into 6 twice

Describe how a formal report is different from an informal report?

Answers

Answer:

Though the report may be several sections long, it is typically much shorter than a formal report. No contents page is included. Informal reports can even be formatted like a memo.

Explanation:

Answer: Informal reports are usually short, one to three pages, with no need for prefatory parts,are informational, include no or limited research,luse a direct approach an personal language. The formal report, however, is worded more objectively, focusing on the problem and the solution.

Explanation:

Which of the following do managers NOT typically use to formulate strategies? Select one: a. finding ways to protect the organization from external threats b. finding ways to rule out existing organizational opportunities c. finding ways to correct organizational weaknesses d. finding ways to exploit the organization's strengths

Answers

Managers do not typically use option finding ways to rule out existing organizational opportunities. The correct option is b.

figuring out a way to rule out potential organizational opportunities for strategy formulation. Instead, managers concentrate on figuring out how to spot and take advantage of already existing organizational opportunities. In order to improve competitiveness and accomplish strategic goals, this entails utilizing the organization's strengths and figuring out how to address its weaknesses.

As part of the process of formulating a strategy, managers also take finding ways to protect the organization from external threats into consideration. Managers can create successful strategies that are in line with the objectives of the organization and increase its chances of success by assessing opportunities, strengths, weaknesses, and threats.

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Number 2 please please help me

Number 2 please please help me

Answers

Answer: See explanation

Explanation:

a. Public sector simply means the sector of the economy that the government controls. Examples include the military, public education, law enforcement, etc

b. The secondary sector is the sector of the economy that is concerned with how raw materials would be processed to become finished goods. The industries in this sector include construction companies, car manufacturers, textile industries, etc.

c. The tertiary sector of the economy is the sector that is concerned with services. This sector is important because:

• it helps in the provision of basic services like health care delivery, education, etc.

• it also helps in the development of several sector in the economy such as communication, and transportation.

• it contributes a huge part to the gross domestic product of a country.

d. The reason why some ministers may want to privatize some business include

• when the resources are not being efficiently utilized and there's wastage of resources.

• to improve competition

• it also brings about increase in effectiveness and efficiency.

e. The public sector alwayw produces goods and services more efficiently than the private sector as the government always looks to tackle market failure. Apart from that, the government looks out for the welfare of the people in the society and it's main motive is not profit maximization like the private sector.

In an addendum to the purchase and sale contract, the seller agrees to paint the house before conveying the house to the buyer. The weather changes, and the seller is unable to finish painting the house before closing. This is an example of _______.

Answers

Answer:  Partial performance

Explanation:

Partial performance is described as the completion of a job that forms a portion of a contract.

Here,  the seller agrees to paint the house before conveying the house to the buyer. The weather changes, and the seller is unable to finish painting the house before closing.

This indicates a part of job is done.

Hence, this is an example of partial performance.

Other Questions
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