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EastWind [94]
2 years ago
15

on july 1, year 1, a company obtained a 2-year 8% note receivable for services rendered. at that time, the market rate of intere

st was 10%. the face amount of the note and the entire amount of the interest are due on june 30, year 2. interest receivable at december 31, year 1, was
Business
1 answer:
Tanzania [10]2 years ago
6 0

The face amount of the note and the entire amount of the interest are due on June 30, year 2. interest receivable at December 31, year 1, was 4% of the face amount of the note.

The notional amount is the value printed on the face of the financial instrument. Term usually refers to the amount stated on the bond certificate that the issuer is obliged to pay at maturity of the bond. This denomination is usually set at $1,000.

Notional is what the words and numbers on the printed page of a financial instrument literally mean. The notional amount is often used in the context of life insurance and refers to the amount expected to be paid to the deceased beneficiary at the time of loss or maturity of the policy.

Life insurance face value, or face value, is the amount an insurance company pays to a beneficiary if the policyholder dies. For example, if you purchase a $100,000 life insurance policy, the face value of the policy is $100,000.

Learn more about  face amount  brainly.com/question/28252407

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Dave owns 15 shares of ABC mining stock. on monday the value of each shares rose $2 but on tuesday the value fell $5. what is th
IgorC [24]
First, the value of each share rose by 2. So we have +2.

Then it fell by 5. So we have
2 - 5 = -3

Each share has a net value of negative 3.
Dave owns 15 shares. So,
15 * (-3) = -45.
So, there is a net loss of $45.
8 0
3 years ago
under the citizen approach of tax jurisdiction, if company A, incorporated in country X, was based in country Y and earned divid
attashe74 [19]

Answer: c. Country X

Explanation:

Under the Citizenship approach to tax jurisdiction, income accrued will be taxed in the country the company is incorporated in as it is viewed as a "company citizen" of that country.

As such, the dividends in the question will be taxed in Country X which is where Company A was incorporated.

8 0
4 years ago
When the demand for the economy is expanding, the demand for loanable funds will ________.
nikklg [1K]

When the demand for the economy exist expanding, the demand for loanable funds will increase.

<h3>What is Demand?</h3>

The quantity of a good that consumers are willing and able to buy at various prices at a specific time period and location is known as the demand. The demand curve is another name for the relationship between price and quantity demand. Demand is just a consumer's desire to buy products and services immediately and to pay the price associated with them. Demand can be defined as the quantity of things that consumers are prepared and willing to purchase at various prices within a specific time frame.

Loanable funds are all the resources that individuals and organizations in a given economy have chosen to set aside and lend to investors rather than use for their own needs. Savings are the source of the loanable funds available. It is predicated on borrowing that loanable funds are in demand. The real interest rate and the amount of loans made depend on how the supply of savings and the demand for loans interact.

Hence, When the demand for the economy exist expanding, the demand for loanable funds will increase.

To learn more about Demand refer to:

brainly.com/question/1245771

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7 0
2 years ago
What is a business trade area​
SOVA2 [1]

Answer:

A trade area is a geographical area or international region in which a commercial enterprise transacts business. Also known as market area, it is a company's 'commercial territory'. A business' trade area represents a location where all or most of its sales volume occurs.

Explanation:

8 0
3 years ago
What is the relationship of a single firm's demand curve in a purely competitive industry?
pav-90 [236]
Pure competition or perfect competition is where all firms have full knowledge of what is going on in the market, where there is free flow of information between not only the producers, but also with the consumers.

As such, all firms have no dominant share of market power since each individual firm is able to produce the good of the same quality and quantity (factors of production are fluid, and no costs in transportation in this theory). And at the same time, consumers have full knowledge of the quality of good they are getting and hence no firm will be able to exploit the misinformation of a good for its own profits.

This builds up to the point of a perfectly elastic demand curve, where consumers know what amount and at which price point do they value the product at. And knowing for the fact that small individual firms in a purely competitive firm have no say over prices, they become the price takers for this kind of market. Thus where MB=MC, the equilibrium point is reached and it is also at the socially optimal level since all consumers have full knowledge of the pros and cons of consuming a product (hence no externalities).

Hope this helps!<span />
6 0
3 years ago
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