To answer the question, I assume that the given interest is annual and simple interest. The interest acquired by the investment in simple interest is given by the equation,
I = P x i x n
where I is interest, P is present worth, i is rate and n is number of interest period. Assuming that a year is 360 days,
I = ($700) x (0.105) x (90/360)
The answer is 18.375. Therefore, the interest due is approximately equal to $18.38.
Answer:
Correct answer is TRUE
Explanation:
Non-cash assets are expected to produce cash over time but the amount of cash they eventually produce could be higher or lower than the values at which the assets are carried on the books. Some factors that affects the value of non-cash assets are the general economic forces such as inflation or deflation, amortization or impairement itself of the assets. It maybe realized at favorable side (gain) or unfavorable (loss) side.
Answer:
The correct answer is because it determines which contracts could be voidable
Explanation:
A unilateral mistake is when just one party to a contract is mistaken as to the terms contained in a contract.
Commonly, the unilateral mistake does not make a contract void; The mutual mistake makes it.
The primitive vs. civilization hope this helps
Answer:
Nonprofits
Explanation:
Nonprofit business are businesses that have been granted exemption from paying tax by the federal inland revenue. They are formed for the purpose of mutual benefits and not for pursuing owners profits.
