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svlad2 [7]
3 years ago
5

Assume that Jane’s company does not have the $50 million in cash to purchase the building. The company takes out a mortgage with

the bank. The bank is worried about the company’s financial health, so to grant the mortgage, the bank and Jane enter into an agreement that states that Jane personally is secondarily liable for payment in the event that the company defaults. The agreement between the bank and Jane personally is:
Business
1 answer:
Oliga [24]3 years ago
8 0

Answer:

<em>Guaranty </em>

Explanation:

A Guaranty Agreement is <em>a document outlining your part in the process. </em>

This acknowledges a borrower's duty to a creditor;

the borrower promises to provide some value to the lender in the primary agreement, such as money or goods and services.

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The ocean is an excellent example of a shared resource that can easily be abused and degraded because it’s shared by many differ
ahrayia [7]

Answer:

The answer is Problem Collective.

Explanation:

Simply,

Problem collective, or a Collective action problem is a shared problem that can be cooperated and solved collectively by those who are affected by it but they fail to do so because of their "Conflicting Interests."

Conflicting interests means that the goals of each country/individual are different and in order to come to a productive conclusion, each nation/individual has to make sacrifices and changes to their objectives. But as it doesn't happen, the problem persists and gets worse eventually.

4 0
4 years ago
Stefanie opens a checking account at her neighborhood bank and writes a check on her account. The legal relationship between Ste
Bingel [31]

Answer:

c. An agency relationship

Explanation:

An agency relationship is a mutual relationship, in which one person (i.e the principle ) gives a permission to an agent so as to act on their behalf.

In this relationship the agent must consent to the instructions of the person i.e the principle.

Here in the question, Stefanie acting as Principal who has directed the agent (which is the bank in the given case ) to execute a task.

3 0
3 years ago
Mark Johnson saves a fixed percentage of his salary at the end of each year. This year he saved $2,000. For each of the next 5 y
IrinaVladis [17]

Answer:

Mark will have $19,878.70 at the end of six years

Explanation:

Use the following formula to calculate the present value of cash flows

PV =  A [\frac{1 - (\frac{1+g}{1+r})^n }{r - g} ]

Where

A = Investment = $2,000

g = growth rate = 4%

r = 15%

n = 6

Placing values in the formula

PV = 2,000 [\frac{1 - (\frac{1+0.06}{1+0.15})^6 }{0.15 - 0.06} ]

PV = $8,594.11

Now calculate the future value in order to determine the amount Mark will have at the ned of six years

Future value =  PV ( 1 + r )^n

Where

PV = $8,594.11

r = 15%

n = 6

Placing values in the formula

Future value =  8,594.11 ( 1 + 0.15 )^6

Future value =  $19,878.70

8 0
3 years ago
Give your own descriptions on the various forms of business organization in 3to5 sentences only.
zhannawk [14.2K]
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6 0
3 years ago
During 2009, a particular country's inflation rate averaged 1.3% a day. This means that on average, prices went up by about 1.3%
horrorfan [7]
<span>29 days of 1.3% inflation. Convert to relative increase: (1+0.013) = 1.013. (1.013)^29 -1 = 45.43% (the effect of compounding) 45%.</span>
4 0
4 years ago
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