Answer:
13.28%
Explanation:
The computation of the coupon rate is shown below
But before that determine the PMT
Given that
NPER = 12 × 2 = 24
RATE = 10% ÷ 2 = 5%
PV = $1,226.50
FV = $1,000;
The formula is shown below
= PMT(RATE;NPER;-PV;FV;TYPE)
After applying the above formula, the monthly payment is
= $66.41 × 2
= $132.82
Now the coupon rate is
= $132.82 ÷ $1,000
= 13.28%
<u>Solution and Explanation:</u>
A court assumes that the written cntarct is the begining and the end of all the terms of the agreement and will not acept the parol evidence if it changes the meaning of the terms of contract.
Parol evidence should only be used to determine the inetntions of the parties at the time the contract was made, not after the fact.
Valid contract: The elemenst of valid contract must be seen.
Since Mrs B signed a contract with the specific terms that did not include a bonus, a court would not consider an oral agreement based on completing a yet to be written contract under the parol evidence rule.
hence, Mrs B cannot introduce the oral agreement under the parol evidence rule.
Answer: B. A reduction in market price will lead to an increase in quantity demanded.
The law of demand states that normal goods have a higher demand at lower prices, because the demand curve is downward sloping which means that the lower the price the more of it people will be willing to buy, so a reduction in market price will mean that now more people are willing to buy that good. For eg a car normally sells $80,000 and 1000 cars are sold in a month, because of technological advances the company now sells the car for $60,000 because of this decrease in price more people will be willing to buy the car and the the monthly sales will be more than a 1,000 cars because at the price of $60,000 more people will be willing to buy this car.
Explanation:
Answer:
Arbitration
Explanation:
Based on the information provided within the question it can be said that this type of settlement is called Arbitration. This term refers to a form of resolving disputes outside of the court system by bringing in a third party who will render an "arbitration award" that will make a binding determination on the dispute. Which is completely enforceable in the courts.
<span>To calculate the cost of goods sold we use the following formula:
beginning inventory + the cost of goods purchased or manufactured = cost of goods available ending inventory.
Since there was no beginning balance in inventory account and all goods were sold we can assume that cost of goods = total costs for the period.
Adding up all costs for the period comes to $173,000.</span>
