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Dovator [93]
3 years ago
11

The finance minister of a developing country demands a heavy payment for the approval of a multi-million dollar contract with a

foreign company. this demand for the lump sum payment is called _____.
Business
1 answer:
OverLord2011 [107]3 years ago
6 0

Answer:

Extortion

Explanation:

Extortion is the act of threatening or forcing another party to give you something, most of the time money.

In this case the minister in the developing country is demanding for payment before giving approval for the multi-million dollar contract.

The threat the minister is using against the company is to not approve Thier contract.

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On june 30, 20x1, after paying the semiannual interest due and recording amortization of bond discount, hake redeemed its 15-yea
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Households and firms with savings lend money to banks and other financial institutions. The credit supply curve shows the relati
rosijanka [135]

Answer:higher real interest rate discourages current consumption and higher real interest rate encourages more saving.

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Our measure of credit demand is an indicator variable for a firm's need for bank loans decreasing during the period. We measure credit supply using information on whether a firm's loan application was rejected, or the firm received less than 75% of its desired amount.

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Ken Jones, an architect, organized Jones Architects on April 1, 20Y2. During the month, Jones Architects completed the following
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Answer:

cash 18,000

    common stock    18,000

to record issuance of stock for cash

car   19,500

  cash             2,500

 note payable  17,000 ( 19,500 - 2,500)

to record purchase of automobile

rent expense 3,150

    cash                       3,150

to record payment of rent

supplies        1,450

       cash                  1,450

to record payment of supplies

office equipment   6,500

        account payable           6,500

to record purchase of equipment

prepaid insurance    2,400

                  cash                       2,400

to record purchase of insurance for the whole year

cash          12,000

service reveue       12,000

to record service earned and collected

account payable   1,800

        cash                          1,800

to record payment of account

miscellaneous expense 375

         cash                                 375

to record miscellaneous expense

blueprint expense   2,500

          blueprint payable       2,500

to record invouce for blueprint

account receivable 15,650

        service revenue            16,650

to record earned services but not collected.

salaries expense 2,800

        cash                           2,800

to record payment of assistant salary

miscellaneous expense 200

         cash                                 200

to record miscellaneous expense

note payable 300

       cash                   300

to record installment of note for car

car maintenance expense 550

          cash                                    550

to record several expense associate with the car

Explanation:

We will post each entry according to the accounting principles:

debit = credit

and to reflect the reality

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