Given that <span>Kathy
wants to buy a house at least 2,500 square feet in size. She looks at
Pat's house. Pat honestly and reasonably believes the house has 2,600
square feet of floor space, and he tells her that. Kathy agrees to buy
the house. When the house is measured, she learns that it has 2,400
square feet of floor space. Kathy can seek to rescind the contract on
the basis of Pat's innocent misrepresentation.</span>
They are examples of non sworn personnel
Answer:
$1585
Explanation:
Interest for the first year = 6.5% of principal due at the beginning of the year
= 6.5% of $10,000
= $ 650
Principal repayment at the end of the year = $1000
Principal due at the beginning of the second year = $10,000 - $1000= $9000
Interest payable at the end of the second year = 6.5% of principal outstanding at the beginning of the second year = 6.5% of 9000
= $ 585
Principal repayment at the end of the second year = $1000
Hence total payment at the end of the second year = $1000 + $585= $1585
Answer: The journal has been attached
Explanation:
The summary journal entries to record the following transactions for a company in its first month of operations has been attached.
Note that the work on process Inventory for (f) was calculated as the direct labor of 40000 multiplied by 125%. This will be:
= 40000 × 125%
= 40000 × 1.25
= 50000
Answer:
visible trade in economics, exchange of physically tangible goods between country involving import and export it is distinguished from invisible trade
