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On July 1, Sarah Engineer paid $600,000 for a commercial building and an additional $150,000 for the land on which the building stands. Compute the UCC at the end of year 2. CCA rate for buildings is 4%.
a loan of $100,000 is being cleared in 120 equal end of time period payments. the interest % corresponding to one time period i=10%. a) what is the payment value of A.what is the balance immediately after the 40th payment is made.
Define a variable Z that is a function of the sample average ? and follows a standard normal distribution. What is the probability that ? will be in the interval [1, 3] What is the probability that ? will be in the interval [-1, 1] What is the probab..
an investment cost of $50,000; maintenance costs that start at $5,000 at the end-of-year (EOY) one and increase by $1,000 for each of the next four years, and then remain constant for the following five years; savings of $20,000 per year (EOY 1-10..
A small nation permits free trade in good X. At the good's free-trade price of $8, domestic firms supply 6 million units and imports account for 4 million units. Recently the small country has ereted trade barriers with the result that imports hav..
Although this is an admittedly simple model, it illustrates some issues that policy mak- ers need to think about when changing fiscal policy (e.g. a reduction in the budget deficit through a reduction in government spending). Explain in words what..
On amazon.com, 45 percent of customers pay by American Express credit card. Suppose we have a sample of 5 customers, what is the probability that at least 4 will pay by American Express
Suppose that the price elasticity for hip replacement surgeries is 0.2. Further suppose that hip replacement surgeries are originally not covered by health insurance and that at a price of $50,000 each, 10,000 such surgeries are demanded each year..
If the government imposed a minimum wage of w=70, what would be the resulting quantity of labor employed, the wage, and the welfare loss. Also, calculate the change in welfare compared to the free market outcome (i.e., in the absence of minimum w..
The state highway department is considering six routes for a new highway. Listed below are the estimated construction costs, maintenance costs, and the user cost associated with each route. Route Construction Costs Annual Maintenance Costs Annual U..
Given at the period 1950-1973 Labor Growth = 1.35, Capital Growth = 3.83, Potential GDP growth = 4.02 Share of Labors = .7, US Population = 152, US population in the end of the year = 212 What share of potential GDP per capita in each period is expla..
In his current job, Smith can work as many hours per day as he chooses, and he will be paid $1/hr for the first 8 hours he works, $2.50/hr for each hour over 8. Faced with this payment schedule, Smith chooses to work 12 hr/day.
The owner of a corner lot wants to fiind a use that will yeild a desirable return on his investment. After much study and calculation, the ower decides that the two best alternatives are to "build gas station" or to "build soft ice cream stand".
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