Answer:
There is a positive relationship between the length of a loan and its interest paid
Explanation:
A positive relationship exist between the length of a loan and the interest paid. A higher interest will be paid for a longer time period. This is so because the lender is giving out a sum of money for more than the average time period, hence the interest must be increased appropriately too.
Hence, the shorter the repayment time for a loan, the lowest the interest and vice versa.
Answer:
= $52,050
Explanation:
First, the question is as follows:
Calculate the number of pounds of raw material to be purchased in June
Solution
Step One: We determine what was produced in June and in July as follows
Budgeted Production = Budgeted sales + The desired closing inventory of finished products - the estimated opening inventory of finished products
- Budgeted Production in June= $15,600 + (0.3 x 19,600) - $4,680 (This is the ending inventory figure from May) = $16,800
- Budgeted Production in July= $19,600 - (17,600 units x 0.3)- $5,880 (this is the opening inventory calculated for June above) = $19,000
Step 2 : Determine the Purchased raw materials for June
- = (Production in June x 3) + Production in July x 3 x 0.25) - (Production in June x 3 x 0.25)
= 50,400 + $14,250 - $12,600 = $52,050
Answer:
the study facilitating learning and improving performance by creating using and managing appropriate technologies
Answer: False.
Explanation:
Fraud examination and forensic accounting as a career is not only restricted to government employment alone: a fraud investigator and forensic accountant can also work in an insurance companies to investigate damages payment claims, and also they can be employed by companies to ensure no financial abnormalities are going on in their firm.
C) Requires the defendant to sign the agreement.
<h3>The Statute of Frauds: What Is It?</h3>
A legal principle known as the statute of frauds mandates that certain types of contracts be performed in writing. The law covers agreements involving the sale of real estate, transactions involving items valued at more than $500, and agreements lasting a year or longer.
<h3>What criteria does the Statute of Frauds have?</h3>
Three conditions must be met in order to satisfy the Statute of Frauds.
- It must first specify what the contract's subject matter is.
- It must also state the existence of a contract between the parties.
- The particular conditions of the contract must also be stated with a reasonable degree of precision.
<h3>What kind of agreement may not be accepted under the Statute of Frauds?</h3>
Several different sorts of contracts may not be upheld by the Statute of Frauds.
- A contract with a completion date of less than a year serves as an illustration.
- A contract would not be taken into account for the statute if someone promised to deliver a goods to someone's house within six months but never showed up.
learn more about Statute of Frauds here
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