Answer:
Voluntary consent:
In the current case there exists an absence of the voluntary consent with respect to Mr Jerome because of over the top impact and coercion. Mr Jerome relies totally upon Mr Philip because of which the last could impact him. Mr Jerome can show that he didn't genuinely consent to the agreement so he can either hold fast to the agreement or pull back. Mr Philip had a great deal of impact over the old Mr Jerome and consequently could beat his free will. Under the current conditions the agreement was gone into under an excessive amount of impact and is voidable.
The computation shows that the amount that will be made will be $420.
<h3>How to compute the value?</h3>
From the information, it was stated that a particular plot of land can produce 700 kg of beef per hectare. beef sells for $4/kg.
It was then stated that if that land is converted to producing corn, which sells for $0.15/kg, approximately how much will the farmer make selling corn.
The amount made will be:
= 700 × 4 × 0.15
= 700 × 0.6
= $420
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Answer:
The correct answer is option (B).
Explanation:
According to the scenario, the given data are as follows:
For Jan.1,2020 value = $626,400
Interest rate = 7%
So, we can calculate the amount of bond interest expense by using following formula:
Interest Expense = Carrying Value × Market Interest Rate
By putting the value of following
Interest expense = $626,400 × 7%
= $626,400 × 0.07
= $43,838
Hence, the amount of bond interest expense to be recognized on December 31, 2020, is $43,838.
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