Answer:
<em>Regular savings account </em>
Explanation:
<em>One requires to commit small amounts of income each month on a regular savings account.</em>
In exchange for providing your savings provider a fixed level of income every month, they normally pay you a higher rate of return than, for instance, if you invest a lump sum in a cash ISA or easy access account.
However, the best regular savings rates also exceed the prices on the longer fixed-rate offers offered.
This type of account has rigorous terms of service that may cause you to lose your competitive rate if you fail to adhere to them.
Answer:
Conditional Fee Estate
Explanation:
Based on the information provided within the question the term being described in the question is called a Conditional Fee Estate. This is (like mentioned in the question) similar to a fee simple except the property must eventually be passed on to the heirs. Which is why it is named as Conditional, because failure to do so will eventually cause the termination of the interest.
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Answer:
1. No restrictions on sending their earning profit to their own country
2. It takes maximum of 30 days to complete the entire process of company registration in Maldives
3. The government encourages projects that are environmentally friendly
Answer and Explanation:
The Preparation of income statement is prepared below:-
<u>Rushmore Biking Inc.
</u>
<u>Income statement
</u>
<u>For the month ended February 28
</u>
<u>Particulars Amount</u>
Revenues $7,30,300
Less: Cost of goods sold $4,41,400
Gross profit $2,88,900
Selling and administrative expenses:
Selling expenses $1,48,500
Administrative expenses $72,200
Less: Total Selling and administrative
expenses $2,20,700
<u>Income from operations $68,200</u>
