Answer: $450
Explanation:
A Promissory note is a type of notes which carry a fixed interest rate. In a Promissory note, the issuer of the note has made a promises to pay a fixed amount with interest on the maturity date to the payee.
Answer and Explanation:
Face value of the promissory note = $10,000
Maturity period = 180 days
Interest rate = 9%
Interest payable on maturity = $10,000 × 9% × 180/360
= 10,000 × 0.09 × 0.5
= $450
The total interest due on the maturity date is $450.
Answer:
1. July 21
2. $42,945
Explanation:
April 22 Start leaves 8 days left, and following the months would be like this:
8(April) + 31(May) + 30(June) + 31(July) = 100 days
Now because we only need 90 days in the period, we subtract the last 10 days off of July 31
31(July) - 10 days (July) = July 21
Maturity value = face amount (42,000) + interest (42,000 x 0.09 x 90 / 360)
42,000 + 945 = $42,945
A marketing means those activity that that is involved in understanding and communicating with the customer to help in the design, development, delivery, and determination of the value inherent in the offering.
<h3>What is a
marketing?</h3>
This refers to the process of creating, distributing, pricing and promoting goods and services as well as to facilitate satisfying exchange relationships with customers
The marketing also focuses on developing and maintaining favorable relationships with stakeholders in a dynamic environment
Hence, it is also involved in understanding and communicating with the customer to help in the design, development, delivery, and determination of the value inherent in the offering
Therefore, the Option B is correct.
Full question "What activity is geared around understanding and communicating with the customer to help in the design, development, delivery, and determination of the value inherent in the offering? production sales finance marketing.
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Answer:
$200 (a deduction)
Explanation:
The accounting standard for inventories IAS 2 requires that inventory be carried at the lower of cost or net realizable value. Inventory will initially be recognized at the cost ( which includes the cost of the item and other associated cost such as freight ). However, its carrying amount must be reviewed to ensure it is not higher than the realizable value.
Given that the selling price is now $15 which is lower than the cost of $16, it means that the amount that can be realized from the sale of a unit is $15.
= $16 - $15
= $1
As such, an adjustment in form of a reduction of the carrying amount of $1 per unit is required. The amount of the lower cost of market adjustment the company must make as a result of this decline in value
= $1 × 200 units
= $200 (a deduction)
Answer:
The intent of the parties is to be bound by the contract.
<h3>What is the UCC battle of the forms rule?</h3>
- Typically these so-called battles of the forms occur when a buyer and seller of goods exchange pre-printed order forms with their own different terms on the back and then proceed with the transaction without ever signing any final contract or reaching an agreement on the terms of the deal.
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