Answer:
The maturity value of the note is <u>$132,000</u>
Explanation:
A Loan note is a promissory note that is signed to make a promise of an amount of Loan taken by someone that to be returned after a specific time with interest value at a defined in the loan note.
The maturity value of the loan note can be calculated as follow
Face value = $120,000
Interest rate = 10%
Time period = 1 years
Use following formula to calculate the maturity value of the loan note.
Maturity value = Face value x ( 1 + interest rate )^ numbers of years
Placing values in the formula
Maturity value = $120,000 x ( 1 + 10% )^1
Maturity value = $132,000
Answer:
Set.
Explanation:
Closure property in algebra asserts that 'when an operation(multiplication, addition) takes place among the members of a set, the result produced would surely be a member of that same set.' For example, if we add or multiply two real numbers(members of the same set), the result would be a real number for sure(a member of the same set). It implies that 'real numbers are closed under multiplication and addition.' While if I subtract two real numbers, I may or may not get a real number. Thus, the real numbers are closed under subtraction.
Answer:
<em>Increase in quantity demanded</em>
Explanation:
Demand for a product is the different quantities of that product that consumers are willing and ready to pay for at different prices.
There are many factors that affect the demand for a product; these include change in the price of the product, price of related products, change in consumer income, change in fashion, taste and style.
<u><em>Change in quantity demand</em></u>
Specifically, the law of demand states that there is an inverse relationship between quantity demand and its price. Change in quantity demand is a movement along the demand curve.
<em>A change in the price of a product will produce an opposite change in the quantity that consumers are willing to buy assuming all other factors do not change. This is referred as to as change in quantity demand. This can either be an increase or a decrease depending on the direction of the price movement.</em>
<u><em>Change in demand</em></u>
<em>Change in demand is the shift in the demand curve to either right or left. This can be attributed to any of the factors that affect demand other the price e.g change in income.</em>
<em>Therefore a decrease in the price of laptop computers will lead to an increase in the quantity demanded</em> .
Since he is working as a tax accountant for Starlight Fashions which is a clothing manufacturer, his salary would be classified as period cost..
<h3>What is
period cost?</h3>
In preparation of financial account, a period cost refers to a cost that cannot be capitalized into prepaid expenses, inventory, fixed assets etc
In conclusion, because works as a tax accountant for the clothing manufacturer, his salary would be classified as period cost.
Read more about period cost
<em>brainly.com/question/24470417</em>
Answer:
$875
Explanation:
Since the base year is 2010, the real GDP in 2017 is given as the quantity of coconut produced in 2017 multiplied by the price of coconut in 2010
That is;
350 × $2.5 = $875
