Answer:
A promissory note Is a written promise to pay a specified amount of money at a certain date
Explanation:
A promissory note is a financial documents containing a written promise by one party, that is the issuer of the document or note to pay another party a particular amount of money, when it is demanded or at a particular date in the future. Such a note contains all the terms that has to do with the indebtedness, like the principal, interest rate, maturity date, the date the note was issued and signatures.
Answer: A. $15.4 Million
B. $8.8 million
Explanation:
a. What were the total fees paid to the fund's investment managers during the year?
This will be:
= Average daily assets × Management fee
= $2.2 billion × 0.7%
= $15.4 million
b. What were the other administrative expenses?
The total expense that's incurred for managing the fund will be:
= $2.2 billion × 1.1%
= $24.2 million
Therefore, the other administrative expenses will be:
= $24.2 million - $15.4 million
= $8.8 million
Answer: Ask for a higher interest rate
Explanation:
The best way to offset the risk is to ask for a higher interest rate which is more than the five percent that is proposed by my neighbor.
Even though I want to invest in her catering business, her lack of experience in the catering business is of concern to me, hence, I've to settle for a higher percentage than the percentage which she proposed.
There are 13 federal courts of appeal
The co-operative risk sharing plan is that the person who you are working with can go "out" from the co-operative plan and share with another persons your plan.