Answer:
<u>True </u>
Explanation:
The above statement that, Agency relationship are normally consensual , coming about through voluntary consent and agreement between the parties is true.
The agency relation is defined as a relation in which a company or any person allow any another person or we can say agent to act on his behalf.
The must listen and follow the instruction of the company or the person.
In agent relationship there are two parties who are involve in it they are the principal and the agent . The principal is the person who hire the agent to act on his behave. It is fully a formal or we can say a business relation where the principal or the main person allow the agent to act on his behalf with the third party . There should be loyalty on the behalf of both the parties.
Answer:
$26,750
Explanation:
The computation of the adjusted cash balance is shown below;
= Debit balance in the cash account - bank service fees - NSF check from a customer
= $28,525 - $140 - $1,635
= $26,750
The other items would be relevant to the bank balance and therefore it should not be considered in the given case
Hence, the adjusted cash balance is $26,750
Answer:
The maturity value of the note is <u>$132,000</u>
Explanation:
A Loan note is a promissory note that is signed to make a promise of an amount of Loan taken by someone that to be returned after a specific time with interest value at a defined in the loan note.
The maturity value of the loan note can be calculated as follow
Face value = $120,000
Interest rate = 10%
Time period = 1 years
Use following formula to calculate the maturity value of the loan note.
Maturity value = Face value x ( 1 + interest rate )^ numbers of years
Placing values in the formula
Maturity value = $120,000 x ( 1 + 10% )^1
Maturity value = $132,000
Laissez-faire economics helped the country industrialize. Supporters of Laissez-faire believe that government should not interfere in the economy other than <span>protect property rights and maintain peace.</span>
