Answer:
$11,009
Explanation:
Calculation to determine The amount due on the maturity date
Amount due =10900 x .06 x 1/6 = $109 + $ 10900
Amount due=$11,009
Therefore The amount due on the maturity date is $11,009
Answer:
Sam’s Home Store can enforce the contract against Restore Construction Company
Explanation:
In contract law, only the parties involved in a contract can take action to enforce the contract. In this case Sam' Home Store signed the contract with Restore, so they can enforce it. Any third party beneficiaries from the contract, like United Building Supplies, are not entitled to enforce anything.
Answer:
$3,176
Explanation:
Computation of net operating working capital
Using this formula
Net operating working capital=Current assets less ( Current liabilities less Notes payable)
Where,
Current assets=$4,401
Current liabilities =($975+$600+$250=$1,825)
Notes payable =$600
Let plug in the formula
Net operating working capital=$4,401-($1,825-$600)
Net operating working capital=$4,401-$1,225
Net operating working capita=$3,176
Therefore the Net operating working capital or NOWC will be the amount of $3,176
Answer:
Money available for loans is $18,750
Explanation:
The formula for calculating the total amount of money a bank can loan is:
money available for loans = (1 - required reserve ratio) x total deposits
money available for loans = (1 - 25%) x $25,000 = 75% x $25,000 = $18,750
Answer:
$4.542
Explanation:
Bank services fees must be included in balance, as well as interest earned, but checks outstanding no, because they arent paid yet.
So the correct calculation is:
$ 4.593 - $85 + $34 = $4.542