Most contracts like this will not change based on the borrowers financial situation. In this case, Kelsey and Cody will still be responsible for paying the debt they owe. Several things will happen if they do not pay:
1. the debt will be sent to a collections agency
2. This will cause a derogatory mark on their credit history.
C. A decrease in the money supply
Nearly 700 banks failed in waning months of 1929 and more than 3,000 collapsed in 1930. Federal deposit insurance was as-yet unheard of, so when the banks failed, people lost all their money. Some people panicked, causing bank runs as people desperately withdrew their money, forcing more banks to close. By the end of the decade, more than 9,000 banks had failed. Surviving institutions, unsure of the economic situation and concerned for their own survival, became unwilling to lend money. This exacerbated the situation, leading to less and less spending.
Answer:
Cost of equity = 11.20%, Value of Equity = $39.25
Explanation:
a. Cost of equity = Rf + B(Rm-Rf)
Cost of equity = 4% + 1.2(6%)
Cost of equity = 4% + 7.20%
Cost of equity = 11.20%
b. P/E ratio = 20
Market Price / EPS = 20
Market Price = EPS * 20
-->P1 = $2.17 * 20 = $43.40
DPS1= $0.24
Value of Equity = P1/Cost of Equity + DPS1/Cost of equity
Value of Equity = $43.40/1.1120 + $0.24/1.1120
Value of Equity = $39.03 + $0.22
Value of Equity = $39.25
Answer:
The area of the walking path = 3,371 ft²
Explanation:
The complete Question is presented in the attached image to this solution
Note that the walking path consists of straight paths and curved paths.
The straight path is strictly squares, with 9 of them on both sides (top and bottom)
Area of the straight path = 18 × area of one square = 18 × 10² = 1800 ft²
For the curved path, note that their areas is the area between two semi circles.
Smaller semicircle has a radius of r = 20 ft.
Larger semicircle has a radius of R = 30 ft.
Area between the two semicircles = (Area of larger semicircle) - (Area of smaller semicircle)
= (πR²/2) - (πr²/2)
= (π×30²/2) - (π×20²/2)
= 785.4 ft²
But note that there are two of those curved paths, hence, area of the curved paths
= 2 × 785.4 = 1570.8 ft²
Total area of the walking path = (Area of straight path) + (Area of curved path)
= 1800 + 1570.8 = 3370.8 ft² = 3371 ft² to the nearest whole number.
Hope this Helps!!!
37.5%
Formula:
.15/.40=0.375
Convert decimal to %= .375*100 = 37.5%
