Answer: When consideration is provided by one of the parties to the contract
Explanation:
Consideration must be given to make a contract legally binding.
Answer:
<em>The answer to the question is given below in the explanation section</em>
Explanation:
<em>From the question we recall the following</em>
<em>The mean: this is the the value at the center of the confidence interval which represents the quantity.</em>
<em>let Z* denotes when building the confidence level</em>
<em>]The mean = 289000, n = 36, standard deviation= 1342
</em>
<em>
Z* for 95% Confidence Interval = 1.96
</em>
<em>
The margin of error = 1.96*[1342/√(36)] = 438.39
</em>
<em>
The 95% Confidence Interval is given by:</em>
<em>
Lower CI = Mean - Margin of error = 289000 - 438.39 = 288561.61
</em>
<em>
Upper CI = Mean + Margin of error = 289000 + 438.39 = 289438.39
</em>
<em>When the sample is decreased to 20 Tesla owners, the confidence interval widens.</em>
<em />
Answer:
The amount of cash received by Banks Company is $34,300
Explanation:
The computation of the cash received by the bank company is shown below:
= Merchandise amount - discount
where,
Merchandise amount is $35,000
And, the discount equal to
= Merchandise amount × discount percentage
= $35,000 × 2%
= $700
Now put these values to the above formula
So, the value would equal to
= $35,000 - $700
= $34,300
The answer to this question is "loan out".
A goldsmith could hold some gold in reserve for depositor's withdrawals, but "LOAN OUT" excess gold and thereby make a profit from the depositor's funds. This loan out is also refer to the long term financing.
Answer: Future Value FV = 169,500
Explanation:
The information given to us are;
Present value PV = 113000
Interest R = 10% = 0.01
number of years T = 5
Future value FV = ?
So using the formula
FV = PV * [1 + (R * T)],
We input our value
FV = 113000 * [ 1 + ( 0.1 * 5) ]
FV = 113000 * [ 1 + 0.5]
FV = 113000 * 1.5
FV = 169500
