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
Answer: Starbucks Coffee is a 'normal good', while Beanlightened coffee is an 'inferior good'.
Andrew's demand for Starbucks coffee changed as a result of an increase in his 'income'
Explanation:
A normal good is a good that sees it's demand rise as income or wages rise. Essentially if you're making more money, you buy more of such goods. Andrew is now making more money so he buys more of Starbucks coffee.
An inferior good on the other hand is one that sees it's demand drop as wages or income rises. You usually buy less of it the more money you make. Take no brand cornflakes for instance, as one makes more money they tend to buy less of it and more of branded cornflakes. Beanlightened coffee is therefore an inferior good.
Income is compensation you get for providing a service. In this instance Andrew receives $75000 a year for being a programmer.
Answer:
Option B (are protected by their three-day rescission rights under Regulation Z) is correct
Explanation:
Total assets = Current assets + Fixed Assets
Total assets = 6000+25100
Total assets = 31,100
Total liabilities = Current liabilities + Long term debt
Total liabilities = 4950+12000
Total liabilities = 16,950
According to accounting equation, stockholder's equity = Total assets - total liabilities
Stockholder's equity = 31,100-16,950 = 14,150
Value of Stockholder's equity = $14,150
Answer and Explanation:
c. appear in mature industries where demand is relatively constant and predictable