The financial commitments and performance could be limiting in the long run because skills become obsolete, but problems are rarely solved.
Financial Commitments refers to all borrowing or raising commitments made to the Group at any time, including those for bonds (but excluding, for the avoidance of doubt, any bonding guarantees made in the normal course of business) and other debt, whether or not they are for cash.
A worker's skills become obsolete over time as a result of industrial restructuring or changing skill requirements in occupations and industries that rely heavily on technology (such as ICT, finance, and professional and scientific activities).
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Answer:
$169.07
Explanation:
Data provided in the question:
Loan amount = $29,000
Time = 10 years
Interest rate = 7% compounded monthly
Therefore,
Interest rate per period, r = 7% ÷ 12 = 0.583% = 0.00583
number of periods, n = 10 × 12 = 120 months
Now,
Loan amount = Monthly payments × [ { 1 - (1 + r )⁻ⁿ } ÷ r]
on substituting the respective values, we get
$29,000 = Monthly payments × [ { 1 - (1 + 0.00583 )⁻¹²⁰ } ÷ 0.00583]
or
$29,000 = Monthly payments × 171.53
or
Monthly payments = $169.07
According to the Uniform Commercial Code's interpretation of an open quantity term, if the quantity term is left open in a contract for the sale of goods courts generally have no basis for determining a remedy.
<h3>What do you mean by Uniform Commercial Code?</h3>
The uniform Commercial code states that a sale consists of the passing of title from the seller to the buyer for a price.
According to the Uniform Commercial code's interpretation of an open quantity term, if the quantity term is left open in a contract for the sale of goods, courts have no basis for the determination of remedy.
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Answer: Option (B) is correct.
Explanation:
Net sales = Gross sales - Sale return
= $3,600,000 - 34,000
= $3,566,000
Gross profit = Net sales - COGS
= $3,566,000 - $1,200,000
= $2,366,000
Total Income = Gross profit - S& A expense - Prior period expense + Gain on sale of securities + Gain on disposal of business segment
= $2,366,000 - $500,000 - $59,000 + $8,000 + $4,000
= $1,819,000
Net Income for Year 2 = Total Income - [email protected]%
= $1,819,000 - $545,700
= $1,273,300
