Answer
The agreement is contingent agreement and not the unenforceable.
Explanation:
Under a contingent agreement, certain actions are taken resulting from occurring or non-occurring of certain conditions. Here outcomes are dependent upon happening of events.
Answer:
$845.83
Explanation:
The computation of the interest is shown below:
= Principal × rate of interest × number of days ÷ (total number of days in a year)
= $140,000 × 7.25% × (30 days ÷ 360 days)
= $845.83
Simply we applied the simple interest formula by multiplying the principal, interest rate and the time period so that it can arrive with the correct amount
Answer:
$1400
Explanation:
Net working capital is obtained by subtracting total current liabilities from total current assets. Current assets and liabilities are expected to be used or paid within one year.
Change in net working capital would be the change in current assets - change in current liabilities.
last year current assets $67,200 : current liabilities $71,100
This year current assets $82,600 : current liabilities $85,100
change Net operating capital = {$82,600- 67,200} - {85,100 - 71,100}
=$15,400 -14,000= -$1400
Change in networking capital = $1400
Answer:
26.4%.
Explanation:
Net Profit:
= Saving of Labor & other Costs - Maintenance Cost of Machine - Depreciation On Machine (100,000/ 16 years)
= $40,000 - $10,000 - $6,250
= $23,750
Initial Investment:
= Cost of new Machine - Salvage value of old machine
= $100,000 - $10,000
= $90,000
Simple Rate of Return = Net Profit ÷ Initial Investments
= $23,750 ÷ $90,000
= 0.264 × 100
= 26.4%
