<span>In a guaranty situation, the guaranty contract is between the person who agrees to pay the debt if the primary debtor does not and the original creditor.
The guaranty contract outlines the role of the </span>people in the agreement. It shows the lender to borrow agreement and obligation. This agreement serves as a document to make sure the lender has proof in value to get something in return from lending the money.
Answer:
Amount invested at 5.75% = $30,000
Amount invested at 7.25% = $14,000
Explanation:
Let the amount invested
at 5.75% = X
at 7.25% = Y
According to given condition
X + Y = $44,000 ( Eq 1)
and
0.0575X + 0.0725Y = $2,740 ( Eq 2)
By multiplying ( Eq 1) with 0.0575
0.0575X + 0.0575Y = $2,530 ( Eq 3)
By subtracting ( Eq 3) from ( Eq 2)
0.0725Y - 0.0575Y = $2,740 - $2,530
0.015Y = 210
Y = 210 / 0.015
Y = $14,000
X + $14,000 = $44,000
X = $44,000 - $14,000
X = $30,000
Check:
$30,000 x 5.75% + $14,000 x 7.25% = $2,740
$2,740 = $2,740
Answer:
Identification of Features Applying More to Job Order Operations, Process Operations, or Both:
Features
1. Cost object is a process. Process Operations
2. Measures unit costs only at period-end. Process Operations
3. Uses indirect costs. Both
4. Transfers costs between Work in
Process Inventory accounts. Process Operations
5. Uses only one Work in Process account. Job Operations
6. Uses materials, labor, and overhead costs. Both
Explanation:
The main difference between the two operations is the manner costs are accumulated. Job operations accumulate costs for different jobs that are not similar. Process operations accumulate costs to show the process a product passes through. The product of a process operation is not unique like the product of a job operation.
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