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3 years ago

What is cosideration

1 answer:

4 0

he exchange of money and the receipt of the item is mutual consideration for the transaction. In every single agreement, there must be consideration in order for the agreement to be legally binding; it is a critical part of contract formation. ... In other words, each person in a contract must promise to do something.

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Which of the following processes is responsible for releasing the energy captured during photosynthesis? Select one: a. Eliminat

almond37 [142]

Answer: The correct answer is Option b.

Explanation:

Photosynthesis reaction is defined as the process in which plants make their own food with the help of carbon dioxide and water in the presence of sunlight. The energy is captured in the form of ATP during this process.

For the given options:

Option a: Elimination

Elimination reactions are defined as the reactions in which a kind of atoms or groups of atoms leave the molecule. This process is not seen in photosynthesis reaction.

Option b: Cellular respiration

Chemical energy stored in food is the source of the energy that is required to regenerate ATP. The process in which energy is released from food by a series of enzyme-controlled reactions is called cellular respiration.

Option c: Absorption

Absorption is defined as the process which involves a reaction between the substance being absorbed and the absorbing medium.

Option d: Digestion

Digestion is defined as the process by which complex food molecules are broken down into simple molecules that can be absorbed by the body for nutrition.

Option e: Transpiration

Transpiration is defined as the process where plants absorb water through their roots and then give off water vapor through the pores from their leaves.

From the above information, the correct answer is Option b.

5 0

3 years ago

You plan to save $2,400 a year and earn an average rate of interest of 5.6 percent. How much more will your savings be worth at

mixas84 [53]

Answer:

If the deposits are made at the beginning of the year, the future value will increase by $18,821.1.-

Explanation:

Giving the following information:

Annual deposit= $2,400

Interest rate= 5.6%

Number of periods= 40

First, we will calculate the future value when the deposits are made at the end:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {2,400*[(1.056^40) - 1]} / 0.056

FV= $336,091.14

Now, if the deposits are made at the beginning:

FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}

FV= 336,091.14 + [(2,400*1.056^40) - 2,400]

FV= 336,091.14 + 18,821.10

FV= $354,912.24

Difference= 354,912.24 - 336,091.14

Difference= $18,821.1

If the deposits are made at the beginning of the year, the future value will increase by $18,821.1.-

8 0

3 years ago

Bell Company, a manufacturer of audio systems, started its production in October 2017. For the preceding 3 years, Bell had been

LekaFEV [45]

Answer:

variable cost per unit 150 dollars

Explanation:

As we aren't provided with a volume. We calculate considering variable costying system which onyl count variable cost as cost of goods manufactured:

raw material $ 75 per unit

labor 5 hours x 14 per hour = $ 70 per unit

variable ovehread $ 5 per unit

Variable cost per unit $ 150 per unit

the fixed overhead cost

5,110 + 3,730 + 1,550 + 6,600 + 8,760 = 25,750

will be considered cost of the period under variable costing

8 0

3 years ago

J&J Enterprises wants to issue eighty 20-year, $1,000 zero-coupon bonds. If each bond is to yield 8%, how much will J&J

vitfil [10]

Answer:

$17,163.86

Explanation:

to calculate how much J&J Enterprises will receive, we need to determine the present value of one bond:

present value = future value / (1 + interest rate)ⁿ

future value = face value = $1,000
interest rate = 8%
n = 20 years

present value = $1,000 / (1 + 8%)²⁰ = $1,000 / 1.08²⁰ = $1,000 / 4.66 = $214.55 per bond x 80 bonds = $17,163.86

5 0

3 years ago

On September 1, 2021, Triton Entertainment borrowed $24,000,000 cash to fund a new Fun Park. The loan was made by Nevada Bank. T

ryzh [129]

Answer:

September 1, 2021 Cash $24,000,000 Dr

Notes Payable $24,000,000 Cr

December 31, 2021 Interest Expense $960,000 Dr

Interest Payable $960,000 Cr

May 30, 2022 Interest Expense $1,200,000 Dr

Interest Payable $1,200,000 Cr

June 1, 2022 Notes Payable $24,000,000 Dr

Interest Payable $2,160,000 Dr

Cash $26,160,000 Cr

Explanation:

The issuance of note against cash results in a debit to cash and a credit to a liability in account for notes payable.

The adjusting entry will be made in accordance to accrual principle that matches the revenues and expenses relating to a certain period and record them in their respective period. The interest on note for 4 months from September to December belongs to 2021 and will be recorded as an expense and a payable on 31 december.

The interest expense for 4 months is = 24000000 * 0.12 * 4/12 = $960000

The interest for the remaining 5 months will be recorded on the last day of note on May 30.

The interest for 5 months is = 24000000 * 0.12 * 5/12 = $1200000

On June 1, the note and the interest payable on note both will be paid and will be debited to close them from the books and cash will be credited.

8 0

3 years ago