1. Mary owns a company called Mary’s Cheap Boats that specializes in buying and selling used boats. Ann is an elderly lady who does not read and write the local language very well and whose husband recently died. Ann and Mary have known each other for many years, and Ann always comes to Mary for important decisions, particular those ones on financial issues. Ann has a lot of bills to pay and needs to come up with money quickly. Her husband left her an old boat that he had for many years, so Ann visited Mary’s company to discuss selling the boat. When Mary saw a picture of the boat, she realized it is a very rare, antique boat called a Black Manta. The average market price for a Black Manta boat is around $250,000.

Mary invited Ann to go to lunch to discuss the sale of the boat. During lunch, Mary kept ordering white wine and together they drank 3 bottles of wine. Over lunch, Mary said the boat is old and worth only $1000.

Mary and Ann then signed a contract specifying that Ann agreed to sell the boat to Mary for $1,000. The next day, Ann found out that the boat is valued at $250,000. She wanted to terminate the contract with Mary.

Advise Ann whether she can terminate the contract with Mary

Please... help for answer with LOW

Lo.2, 3, 9 lori, who is single, purchased 5-years class property for $200,00 and 7-years class property for $420,000 on may 20, 2018. lori experts the taxable income derived form the business (without regard to the amount expensed under ⧠179) to be about $550,000. lori has determined that she should elect immediate ⧠179 expensing in the amount of $520,000, but she doesn’t know which asset she should completely expense under ⧠179. she does not claim any available additional first-year depreciation. a. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 5-year class asset. b. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 7-year class asset. c. what is your advice for lori? d. assume that lori is in the 24% marginal tax bracket and that she uses ⧠179 on the 7-year asset. determine the present value of the tax savings from the depreciation deductions for both assets. see appendix g for present value factors, and assume a 6% discount rate. e. assume the same facts as in part (d), except that lori decides not to use ⧠179 on either asset. determine the present value of the tax savings under this choice. in addition, determine which option lori should choose. f. present your solution to parts (d) and (e) of the problem in a spreadsheet using appropriate microsoft excel formulas. e-mail your spreadsheet to your instructor with a two-paragraph summary of your findings.

Alicia has a collision deductible of $500 and a bodily injury liability coverage limit of $50,000. she hits another driver and injures them severely. the case goes to trial and there is a verdict to compensate the injured person for $40,000 how much does she pay?

Suppose that the u.s. dollars-mexican pesos exchange rate is fixed by the u.s. and mexican governments. assume also that labor is mobile between the united states and mexico due to low transportation costs.which of the following situations is likely to happen as a result of a simultaneous increase in the demand for u.s. goods and decrease in the demand for mexican goods? (pick mexican unemployment rate increases, and the country undergoes bad economic times for a sustained u.s. unemployment rate increases, and the country undergoes bad economic times for a sustained mexican unemployment rate rises at first, but it soon drops as unemployed mexicans move to the united states for mexican unemployment rate rises at first, but then it drops as mexican pesos depreciate against u.s. dollars.