Answer:
Yes, there was a bilateral mistake of material fact.
It will take 32.55 months for the account to be paid off.
In this question, we have r = 1.40%, PMT = $500 and Present Value = $13,000.
We can use the nper formula in Excel to arrive at the answer.
The formula in Excel is : =nper(rate, pmt, pv,[fv],[type])
When we substitute the values in the question, the nper formula looks like this:
=NPER(0.014,500,-13000)
We enter the present value of the amount outstanding as a negative value, since excel considers the present value as an outflow (expense).
Answer: Please the terms do not match the definitions.
Please see below for the appropriate terms which match the given definitions.
Explanation:
A document that creates a legal obligation to buy and pay for goods or services ----Purchase order
A purchase order is defined as a contract or agreement between a buyer( buisness or company) and a seller who is usually a vendor to supply goods or services based on aggrement on the specific product or services, specific quantity for a specific price to be paid by the buyer when delivered .
b)The method used to maintain the cash balance in the petty cash account----- Imprest Fund
An imprest Fund is also known as Petty Cash fund which carries a fixed amount used by Buisnesyses to cover small routine expenses and are replaced or replenished to always maintain the fixed amount.
Answer:
merit-based
Explanation:
Financial aid takes many forms, and most often does not need to be paid back.. merit based need is based on academic excellence
Because the audience needs that trust from you that you are presenting correct information, therefore you need to listen to them because they believe that they have correct information.
