Answer:
uh... 180 divide by 8.5... multiply to 12
Answer:
B) Is not a contract because there is no consideration for B's promise.
Explanation:
In contract law, consideration is the benefit that must be bargained for between the parties involved. It is the essential reason for the parties entering a contact. Consideration must have some value and is exchanged on the performance or promise from the other party.
Common law rules on contract modifications require some new consideration in order to modify an existing contract. In this case, only B added some new consideration (more money) to the written contract, A didn't add anything new.
Answer:
C. The system is functioning correctly and providing accurate information
Explanation:
Reliability refers to the ability of a system or a machine to perform its intended function with minimal or nil breakdown. Consistency and validity of data from the performance of a system or a piece of equipment indicate its reliability. It is the possibility of failure-free operation of a system.
Reliability will, therefore, ensure a system is performing its function with minimal interruptions resulting from failures. It guarantees consistency in the results from operations. With reliability, production happens when it is needed.
Answer:
Option (C) is correct.
Explanation:
Given that,
Cash amount loaned = $36,000
Rate of interest on note = 5%
Time period: From September 1, Year 1 to December 31, Year 1 = 4 months
Amount of Interest revenue:
= Cash amount loaned × Interest rate × Time period
= $36,000 × 0.05 × (4/12)
= $36,000 × 0.05 × (1/3)
= $599.9 or $600
There is no cash flow from operating activity in respect of loan given to another company and interest revenue accrued on loan amount.
