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3 years ago

The primary purpose of protective covenants is to help:

1 answer:

7 0

The primary purpose of protective covenants is to help: Lender protection
when a lender loan some amount of money to a debtor, the lender has to face a risk that the debtor wouldn't be able to pay back the money.
Through protective covenants, the lender could get some sort of protection against that risk.

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Boone Company purchased a piece of machinery by paying $18,000 cash. In addition to the purchase price, the company incurred $80

Mkey [24]

Answer:

The correct answer is $18920.

Explanation:

Boone Company purchased a piece of machinery by paying $18,000 cash.

In addition to the purchase price, the company incurred $800 freight charges.

Estimated useful life of the machine is 5 years and will require $600 for insurance over that period.

So insurance money for a year = $ ( $\frac{600}{5}$ ) = $120.

Boone Company would record the cost of the machine at $ ( 18000+ 800+ 120) = $ 18920.

4 0

3 years ago

You are provided the following information:

Mama L [17]

Answer:

Total period costs= $12,500

Explanation:

iving the following information:

Salaries for assembly workers $32,000

Cost of materials $1,400

Lubricants for machines $680

Accountant’s salary $4,600

Factory supervisor’s salary $4,700

Sales commissions $3,200

Period costs are not directly tied to the production process.

Period costs:

Accountant’s salary $4,600

Factory supervisor’s salary $4,700

Sales commissions $3,200

Total period costs= 12,500

8 0

3 years ago

When mcdonald's and other fast food restaurants offer "value menu" items at surprisingly low prices, they are most likely using

Kryger [21]

This is good-value pricing

5 0

3 years ago

Read 2 more answers

n a bicycle race with a $5,000 prize for the winner, a cyclist was leading by a significant margin. A spectator at the race was

Lyrx [107]

Answer: intentional infliction of emotional distress.

Explanation:

In order for an individual to be able to make a claim of intentional infliction of emotional distress, it is required that the plaintiff must prove that the defendant intentionally acted recklessly or caused emotional distress to the person. In this case, there no evidence that an emotional distress was suffered.

Therefore, the theory that the cyclist is least likely to recover maximum punitive damages is intentional infliction of emotional distress.

4 0

4 years ago

Suppose $21 comma 00021,000 is invested at an annual rate of 77% for 1313 yearsyears. Find the future value if interest is com

antiseptic1488 [7]

Answer:

Annually 50,606.75

Quarterly 51, 761.76

Daily 52,166.22

Continuously 52,170.77

Explanation:

We have to use the future value for different compounding:

Annually:

$Principal \: (1+ r)^{time} = Amount$

Principal 21,000.00

time 13.00

rate 0.07000

$21000 \: (1+ 0.07)^{13} = Amount$

Amount 50,606.75

Quarterly:

$Principal \: (1+ r)^{time} = Amount$

time 52.00 (13 years x 4 quarter per year)

rate 0.01750 ( 7% over 4 quarters)

$21000 \: (1+ 0.0175)^{52} = Amount$

Amount 51,761.76

Daily (365 days):

$Principal \: (1+ r)^{time} = Amount$

time 4,745 (13 years x 365 days per year

rate 0.00019 (0.07 / 365)

$21000 \: (1+ 0.000191780821917808)^{4745} = Amount$

Amount 52,166.22

Continuously:

$Principal \: e^{rate \times time} = Amount$

$21000 \: e^{0.07 \times 13} = Amount$

Amount 52,170.7732

3 0

3 years ago