Westin wants to borrow $1,000 from missy to help pay his deposit at his new apartment. If betty agrees to the arrangement, betty's promise is called a: collateral promise.
A deposit is money you put into your bank account. You must deposit cash in a bank to create savings and earn hobby on it. A call for deposit is made for funds you could withdraw every time. A time deposit is a long-time period funding. A deposit could also be the collateral amount you pay while you take on a loan.
Within this class, there are three main kinds of demand deposits: (1) checking bills, (2) savings accounts, and (three) cash marketplace accounts (we are able to pass into these in more detail later)
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Answer:
$6,000
Explanation:
Data given in the question
Sale value of the furniture = $120,000
Interest rate = 10%
So by considering the above information, the interest recorded is
= Sale value of the furniture × interest rate × number of months ÷ total number of months in a year
= $120,000 × 10% × 6 months ÷ 12 months
= $6,000
The six months is calculated from June 30 to December 31 and we considered the same for the above calculation
Answer:
B. $9
Explanation:
Assets value = $500 million
Liability value = $50 million
Use following formula to calculate NAV
Net Assets value = Assets value - Liability value
Net Assets value = $500 million - 50 million
Net Assets value = $450 million
Net Assets value = $450 million / 50 million
Net Assets value = $9 per share
So, the correct option is B. $9.
Answer: <u><em>Addition to existing product line.</em></u>
<em>Since, the new product is a spicier version of its tomato ketchup aimed at the baby boomer market. But still it lie in accordance with the existing product line.</em>
<em>The product line denotes the unit of affiliated commodities all marketed under a single brand name which is further is sold by the same organization. Establishments sell several product lines under several brand names, looking to differentiate each other.</em>
<u><em>Therefore, the correct option is (d).</em></u>