Concept explainers
(Tax Plan Alternatives; The “FairTax”) There are many proposals to make taxation fairer. Check out the FairTax initiative in the United States at
www.fairtax.org
Research how the proposed FairTax works. One suggestion is to eliminate income taxes and most other taxes in favor of a 23% consumption tax on all products and services that you buy. Some FairTax opponents question the 23% figure and say that because of the way the tax is calculated, it would be more accurate to say the rate is 30%—check this carefully. Write a
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- Use python please. Include bounds and risk. You are the manager of a £100 million portfolio, and you have 6 investment options: - First Mortgages: return 9% and risk score 3- Second Mortgages: return 12% and risk score 6- Personal Loans: return 15% and risk score 8- Commercial Loans: return 8% and risk score 2- Government Securities: return 6% and risk score 1- Saving Account: return 3% and risk score 0 The current regulation requires that the amount allocated in second mortgages and personal loans (combined) should not exceed the amount allocated in first mortages. Given this information: a) Ignoring the risk involved in the different investment options, what is the profit maximizing allocation of resources? What are the expected profits? b) Now, you have to consider the risk associated with the investments. The average risk of your portfolio cannot exceed 5. What is the profit maximizing allocation of resources? What are the expected profits? The average risk is computed as…arrow_forwardFill in the blanks to rewrite the following statement with variables: “Is there an integer with a remainder of 1 when it is divided by 4 and a remainder of 3 when it is divided by 7?” (a) Is there an integer n such that n has ____________ ? (b) Does there exist ___________ such that if n is divided by 4 the remainder is 1 and if ___________?arrow_forwardexplain the use of .length in this statement and the importance of stringarrow_forward
- What is the difference between break and continue statement? Explain with the help of example.arrow_forwardC++ Summary When you borrow money to buy a house, a car, or for some other purpose, you repay the loan by making periodic payments over a certain period of time. Of course, the lending company will charge interest on the loan. Every periodic payment consists of the interest on the loan and the payment toward the principal amount. To be specific, suppose that you borrow $1,000 at an interest rate of 7.2% per year and the payments are monthly. Suppose that your monthly payment is $25. Now, the interest is 7.2% per year and the payments are monthly, so the interest rate per month is 7.2/12 = 0.6%. The first month’s interest on $1,000 is 1000 X 0.006 = 6. Because the payment is $25 and the interest for the first month is $6, the payment toward the principal amount is 25 - 6 = 19. This means after making the first payment, the loan amount is 1,000 - 19 = 981. For the second payment, the interest is calculated on $981. So the interest for the second month is 981 X 0.006 = 5.886, that is,…arrow_forwardFill in the blanks to rewrite the following statement with variables: “Given any positive real number, there is a positive real number that is smaller.” (a) Given any positive real number r, there is _____________ s such that s is ___________ . (b) For any _________ , __________ such that s < rarrow_forward
- Rewrite each of the following statements in the form “If A, then B.”a. Candidate Lu winning the election will be a sufficient condition for property taxes to increase.b. The user clicks Pause only if the game level changes.c. The components are scarce, therefore the price increases.d. Healthy hair is a necessary condition for good shampoo.arrow_forward(Mechanics) The deflection at any point along the centerline of a cantilevered beam, such as the one used for a balcony (see Figure 5.15), when a load is distributed evenly along the beam is given by this formula: d=wx224EI(x2+6l24lx) d is the deflection at location x (ft). xisthedistancefromthesecuredend( ft).wistheweightplacedattheendofthebeam( lbs/ft).listhebeamlength( ft). Eisthemodulesofelasticity( lbs/f t 2 ).Iisthesecondmomentofinertia( f t 4 ). For the beam shown in Figure 5.15, the second moment of inertia is determined as follows: l=bh312 b is the beam’s base. h is the beam’s height. Using these formulas, write, compile, and run a C++ program that determines and displays a table of the deflection for a cantilevered pine beam at half-foot increments along its length, using the following data: w=200lbs/ftl=3ftE=187.2106lb/ft2b=.2fth=.3ftarrow_forwardCould you please explain the following program with details?arrow_forward
- Choose one of the following. please also write why in few wordsarrow_forwardYou can answer E, F, and G onlyarrow_forwardState whether the following are true or false. If the answer is false, explain why.b) The break statement is required in the default case of a switch selection statement.arrow_forward
- C++ for Engineers and ScientistsComputer ScienceISBN:9781133187844Author:Bronson, Gary J.Publisher:Course Technology PtrC++ Programming: From Problem Analysis to Program...Computer ScienceISBN:9781337102087Author:D. S. MalikPublisher:Cengage Learning