Answer:
The interest rate on the car loan over the entire term of the loan is higher than the interest rate on her savings account.
Answer:
an express contract
Explanation:
An express contract refers to such an agreement wherein a written or oral agreement expressly states the conditions for the contract.
A peculiar feature of such a contract being, the terms are clearly mentioned, the breach of which would render the agreement void.
The contract could be in oral or written form and is also referred to as a "special contract".
In the given case, Greg, the manager of Jazz group, "Fusion" agreed to the group's performing at an Amphitheatre. Upon signing the written copy of the agreement would imply the group's acceptance and agreeing to abide by all the terms and conditions expressly stated.
Answer:
the blank is "closing agent"
hope it helped!
Answer: A. No loss on the income statement Available-for-sale investments of $11,000 and an unrealized loss of $2,000 in stockholders' equity on the balance sheet.
Explanation:
Available-For-Sale (AFS) securities are not to have their gains or losses reflected in the income statement. They are to be reflected in the Other Comprehensive Income (OCI) section of the Stockholders Equity.
If there is a loss, the AFS security is written down by the loss amount which is then transferred to the OCI section of equity as an unrealized loss. It will reduce the OCI which would reduce the stockholders equity.
In this case therefore, AFS would go to $11,000 and OCI would record an unrealized loss of $2,000.