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Dima020 [189]
3 years ago
12

Under the UCC, a(n) ____ is a practice or method of dealing, regularly observed and followed in a place or vocation or trade. A.

course of dealing B. usage of trade C. course of performance D. integrated document
Business
1 answer:
UkoKoshka [18]3 years ago
5 0

Option B

Under the UCC, a(n) usage of trade is a practice or method of dealing, regularly observed and followed in a place or vocation or trade.

<u>Explanation:</u>

Under section 2 of the Uniform Commercial Code, usage of trade is frequently employed to assist in rendering deals and to present terms distinct purposes.

A usage of trade in a manner or process of distributing ought such consistency of practice in a place, employment, or commerce to sustain an expectation that it will be perceived concerning the transaction. Proof of a usage of trade may be possible as improving the express terms of an argued contract when it does not disclaim them.

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You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of .6 percent per year, co
kolezko [41]

Answer:

Total interest paid = $606.63

Explanation:

First calculate the monthly payment for first six months

Monthly interest for first 6 months =.006/12=.0005

= 6500*(1.0005)^6

=6519.52

Interest rate for next six months

=17.37%/12=1.45%

(1.0145)^6=1.090054

=6519.52*(1+.0145)^6

=7106.63

Total interest paid = 7106.63-6500  

Total interest paid = 606.63

7 0
3 years ago
A review of the ledger of Blossom Company at December 31, 2022, produces these data pertaining to the preparation of annual adju
AVprozaik [17]

Answer:

insurance expense 11,986 debit

   prepaid insurance     11,986 credit

unearned revenue    84,000 debit

       rent revenue           84,000 credit

interest expense 1,800 debit

    interest payable   1,800 credit

salaries expense 2,000 debit

    salaries payable    2,000 credit

Explanation:

<u>expired insurance</u>

Policy B4564 adjustment:

15,510 / 36 months x 12 months = 5,170

Plicy A2958 adjusment:

10,224 / 18 months x 12 months = 6,816

Total insurance expense: 11,986

<u>earned revenue:</u>

monthly rent x accrued month x number of lease

$5,000 x 2 months x 5 lease = 50,000

$8,500 x 1 months  x 4 lease = 34,000

total 84,000

<u>interest calculations:</u>

principal x rate x time

120,000 x 9% x 2/12 = 1,800

<u>salaries accrued:</u>

5 employees x 700 each x 2/5 days =  1,400

3 employees x 500 each x 2/5 days =    600

Total accrued wages: 2,000

8 0
4 years ago
You are the manager of a movie theater that is the only one in a local market, so you have strong market power. You have extensi
Gre4nikov [31]

Answer: b. Set higher prices to the students as their demand is relatively more inelastic.

Explanation:

Price elasticity of demand measures the change in quantity demanded to changes in price levels.

If demand is inelastic, a small change in price has a small effect on quantity demanded. An inelastic demand usually has a coefficient of less than 1.

The elasticity of demand for students and senior citizens are both inelastic but that of the students is greater than that of senior citizens. They are less responsive to price changes when compared with senior citizens.

7 0
3 years ago
What factor might an Irrational decision maker consider when making economic decisions?*
faltersainse [42]
I believe the answer is D
5 0
3 years ago
As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of $919,225 and liabilities of $267
xeze [42]

Answer:

$87.010

Explanation:

First of all  you should apply the accounting equation : Assests= Liabialities+ equity, you need to find the Equity according with the information of the excercise:

Equity= Assests- liabilities

Equity year 1  =  919.225 -  267.792   =   651.433    

After of have this result, you should add the investment and substract the dividends paied to the stockholders .

Provisional Equity year 2 = 651.433  -  28.519 + 25.848    

Privisional Equity Year 2=   654.104

Now you have to calculate the total Equity of the year 2 with the information:

Equity 2:  980.508  -  239.394 =  741.114    

Now you have to substract the Equity year 2 with the provisional Equity

Net Income = 741.114  -  654.104 =  87.010  

 

 

 

 

5 0
3 years ago
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