Presented below is selected information related to the financial instruments of crane company at december 31, 2017. this is crane company’s first year of operations. carrying amount fair value (at december 31) investment in debt securities (intent is to hold to maturity) $39,900 $40,900 investment in chen company stock 848,500 958,500 bonds payable 236,500 210,400 (a) crane elects to use the fair value option for these financial instruments (the fair value option for financial liabilities is discussed in chapter 14). assuming that crane’s net income is $109,000 in 2017 before reporting any securities gains or losses, determine crane’s net income for 2017 (assume that the difference between the carrying value and fair value is due to credit deterioration).

Consider how health insurance affects the quantity of health care services performed. suppose that the typical medical procedure has a cost of $160, yet a person with health insurance pays only $40 out of pocket. her insurance company pays the remaining $120. (the insurance company recoups the $120 through premiums, but the premium a person pays does not depend on how many procedures that person chooses to undergo.) consider the following demand curve in the market for medical care. use the black point (plus symbol) to indicate the quantity of procedures demanded if each procedure has a price of $160. then use the grey point (star symbol) to indicate the quantity of procedures demanded if each procedure has a price of $40. q d at p=$160 q d at p=$40 0 10 20 30 40 50 60 70 80 90 100 200 180 160 140 120 100 80 60 40 20 0 price of medical procedures quantity of medical procedures demand if the cost of each procedure to society is truly $160, the quantity that maximizes total surplus is procedures. economists often blame the health insurance system for excessive use of medical care. given your analysis, the use of care might be viewed as excessive because consumers get procedures whose value is than the cost of producing them.

In terms of precent, beer has more alcohol than whiskey true or false

Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th withdraw?