NEED HELP ASAP THANK YOU

Universal Travel Inc borrowed $500,000 on November 1, 2018 and signed a twelve month note bearing interest at 6% Principal and i

horrorfan [7]

Answer:

Interest will be $5000

So option (A) will be correct option

Explanation:

We have given principal amount P = $500000

Rate of interest = 6 %

Time is November 1 to December 31

So time = 2 months = 0.1666 year

Interest is given by

Interest $=\frac{principal\ amount\times rate\times time}{100}=\frac{500000\times 6\times 0.1666}{100}=$5000$

So option (a) will be correct option

4 0

2 years ago

A building that settles unevenly after an earthquake is evidence of _____.

Viefleur [7K]

The Answer Is In Fact "Liquefaction".

Hope I Helped :)

4 0

2 years ago

Read 2 more answers

Cecelia's government provides for her basic needs. In return, Cecelia works in the factory downtown, as she always has since the

amid [387]

The choices can be found elsewhere and as follows:

A. a market system
B. a planned system
C. a mixed system
D. none of the above

I think the correct answer is option B. Cecelia's government can be considered a planned system. It is an economic system in which inputs are based on direct allocation. Hope this answers the question. Have a nice day.

5 0

3 years ago

6. On February 1, Ann sends Bob a letter offering to employ Bob at Ann’s auto dealership. On February 5, Bob mails Ann a letter

Radda [10]

Answer: A Contract was formed on February 5th

Explanation:

The contract was formed the very day that Bob mailed Ann his acceptance which was on the 5th of February.

Ann attempted to revoke the acceptance too late as she did it a day after he had emailed his acceptance even though she only received it on the 7th.

The date she received the acceptance is of no consequence because this falls under the Posting Rule. This rule in Common Law countries essentially states an agreement is made as soon as the letter is posted even if it never gets to it's destination.

6 0

2 years ago

A buyer values a house at $525,000 and a seller values the same house at $485,000. If sales tax is 8% and is levied on the selle

Katena32 [7]

Answer:

$523,800

Explanation:

Given parameters:

Cost price by buyer = $525000

Selling price by seller = $485000

Sales tax = 8%

Unknown:

The lowest selling price by the seller = ?

Solution:

To solve this business problem, we must understand that the price the seller would be will to part with will be his selling price and the percentage of sales tax incurred in the procurement.

This will be the minimum and least profitable estimated amount the seller is willing to sell at.

Lowest selling price = selling price by seller + amount of sales tax incurred

Sales tax amount = selling price x sales tax percentage

= $485000 x $\frac{8}{100}$

= $38800

Lowest selling price = $485000 + $38800 = $523,800

4 0

3 years ago