Answer:No, ACE cannot repossess the sailboat purchased by Wally.
Explanation:
Marina Inc. is a firm that sell and services sailboat in it's ordinary course of business, in the same vein ACE financing it's inventory is in line with normal course of business.
ACE cannot repossessed the sailboat from Waliy because selling sailboat it's Marina ordinary course of business.
ACE also knew before signing the inventory financing contract that Waliy will sell the inventory to third parties.
Answer:
D. All of the above are correct.
Explanation:
A budget is a proposed plan that outlines the financial and nonfinancial statement.
The main objective of the budget:
- To make a goal for future plans.
- To set strategies to achieve a present objective.
- To reduce the inequalities in the wealth.
The importance of the budget in business is that making a proper budget helps the owner to plan and manage the finances of the company and help to improve the profits.
Answer:
2560.50
Explanation:
For bond valuation, the investor would be willing to pay, at the most, the present value of the future income stream discounted at 2%. Thus, the value of the bond can be determined as follows:
Years 1 2 3 4 5 Total
Principal 1,350 1,450 2,800
Interest 0 0 0 0 0 0
Total inflow 0 0 1,350 1,450 2,800
[email protected]% 0 0 0 1,247 1,313 2,561
Answer:
An increase in Price and decrease in Quantity.
Explanation:
Please see the attached Decrease in Supply when Demand is Constant Diagram for further explanation:
<em>Supply Curve </em>is always upward because Supply and Price are directly proportional as shown in attached diagram as S
.
<em>Demand Curve</em> is always downward because Demand and Price are inversely proportional as shown in attached diagram as D
.
The point where Demand Curve and Supply curves meet each other or intersect each other is called <em>Equilibrium </em>as shown in the attached diagram as E. At this the point Quantity Demanded and Quantity Supplied are equal.
The point at which Equilibrium touches the price is called Equilibrium Price as shown in the attached Diagram as P. At this point the Quantity Demanded and Quantity Supplied are equal.
The Point at which Equilibrium touches the quantity is called <em>Equilibrium Quantity</em> as shown in the attached Diagram as Q. At this point the Quantity Demanded and Quantity Supplied are equal.
Since the Demand is constant D and Supply is decreasing, So when the Supply decreases it shifts towards its left side as shown in the attached diagram as S'.
After decrease in Supply the changes it brings a new Equilibrium point as E' at which Equilibrium Price rises to P' and Equilibrium Quantity falls to Q' as shown in the attached diagram. At this point the Quantity Demanded and Quantity Supplied are equal.
ANSWER:
Issue: Oral agreement; without proper documentation of what was agreed upon.
Decision: Avarice will loss the case, and Joe will be set free by the court.
Support: Because Avarice does not have any valid prove to show that Joe accepted to repay Bob loans in case he fails to pay up, the court will assume Avarice is forging a claim on Joe. A withiness only comes to court to testify the validity of a prove. Because Avarice does not have any prove, the witness is as good as nothing.
The court will dismiss the case because Avarice became unethical by granting the request made by Joe without any signed agreement or recorded call conversation.
