Answer:
Option (D) is correct.
Explanation:
Balance of payment is defined as the difference between the total value of payments to the rest of the world and total value of receipts from the rest of the world over a period of time.
Balance of payments includes all the transactions take place between a nation with the rest of world.
Balance of trade is a sub-part of balance of payments which includes all the transactions of goods and services between the nations.
A country has either a negative balance of payment, balanced balance of payment or positive balance of payment.
Answer: The rule that requires that a contract should be written is Equal dignity rule
Explanation:
Equal-dignities rule is a rule in which an agent act according to the authority give ln by the principal. These action are only taken by the agent through following the written authorization.
It is crucial on cases of fraud hence in this rule a contract is considered on in a written form otherwise it may be rejected .
Answer:
Y = $391.10
Explanation:
We have 0.125<em>B</em>(n-1) = i
B(n-1) = In = 142.78
So that B(n-1) = 142.78/0.125 = 1142.24
Furthermore, B(n-1) = <em>Px = Pv </em>= P/(1+0.125) = 1142.24
P/1.125 = 1142.24
P = 1142.24*1.125
P = 1285.02.
The total amount of the loan = Principal repaid as of time (n-1) + Principal repaid in last payment
= 6009.12 + 1142.24
= 7151.36
So, the total amount of the loan is 7151.36.
The principal repaid in the first payment Y = 1285.02 - 0.125*7151.36
Y = 1285.02 - 893.92
Y = $391.10
Answer:
The company should order 100 units to minimize total inventory cost.
Explanation:
Given,
Annual Demand, D = 2,000 units
Order cost, S = $20
Purchase cost = $40
Holding cost, H = Purchase cost x percentage of holding cost
Holding cost = $40 × 20%
Holding cost = $8
We know, the company should order the highest number of products with a minimum cost, and for that, the company uses economic order quantity. Hence,
Economic Order Quantity (EOQ) = 
EOQ = 
EOQ = 
EOQ = 100
Answer:
expensed as incurred
Explanation:
In accrual method of accounting, it is known that revenues are known when earned and expenses are known when incurred.
Expenses are simply said to be amounts incurred to bring about or generate revenue for an organization or firm, they include cost of goods sold, operating expenses, interest, and taxes.companies has different types of expenses incurred e. g overhead expenses.
