Answer:
The proceeds that Mobilee Oil Company receives is $10,149.65
Explanation:
Value upon maturity=principal amount+interest of 120 days
Value upon maturity=$10,000+(120/360*8.5%*$10000)
Value upon maturity=$10,000+$283.33
Value upon maturity=$10,283.33
the value is receivable in 120 days time
On May 1st , the note has earned 68 days interest(29 days in March,30 days in April plus 9 days in May)
Hence the interest days lost is 52days(120-68)
Discounted amount =$10,283.33-(52/360*9%*$10,283.33)
=$10,283.33-$133.68
=$10,149.65
An agreement a manufacturer forms with a reseller to exclusively deal with its products and not those of rivals is referred to as exclusive dealing.
Exclusive dealing. When a supplier binds the buyer by restricting their ability to choose what, who, and where they do business, this is known as exclusive dealing in economics and law. When it significantly reduces industry competition, it is illegal in the majority of nations, including the USA, Australia, and Europe.
Exclusive dealing is permitted when the sales outlets are owned by the supplier owing to vertical integration, but is prohibited (in the US) when they are independent due to the Restrictive Trade Practices Act. If it is registered and approved, however, exclusive dealing is permitted.
To know more about exclusive dealing.
brainly.com/question/28046751
#SPJ4
Answer:
The manager has done nothing wrong
Explanation:
The manager has done nothing wrong because there is no indication of a non competition agreement between penny and her boss and even if there was, the manager was not aware that penny was working somewhere else as at the time of making the offer.
Answer:
Credit to Gain on Sale of Investments for $2,400