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Ksivusya [100]
3 years ago
11

Answer the following question as it relates to the 2013 Louisiana Residential Agreement to Buy or Sell: The purchase agreement p

rovides that failure to provide the agreed upon deposit shall require the buyer to pay 1% interest for each day the deposit is late. TRUE or FALSE?
Business
1 answer:
katovenus [111]3 years ago
3 0

Answer:

True

Explanation:

When the agreement is formed, both parties buyer and seller have the right to list the terms and add covenants if they wish to add in the agreement. Once the agreement is signed by both the parties then they abide by all the terms listed in those agreement. Louisiana Residential agreement has listed terms about delay in deposit, if buyer agrees to those terms he abide by them.

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rhodes borrowed $5,000 by signing a 5-year note with an interest rate of 8%. on the date the note is signed, rhodes should
photoshop1234 [79]

On the date the note is signed, rhodes should credit Note payable for $5,000.

Note payable is a loan agreement that is put down in written were the borrower agreed to pay the lender the certain amount he or she borrowed from the lender and must be signed by the borrower.

In Note payable the borrower as well will have to pay interest on the amount borrowed or the interest accrued on the amount borrowed on the due date.

The journal entry on the date the note is signed is:

Debit Cash $5,000

Credit Note payable $5,000

(To record note payable)

Inconclusion on the date the note is signed, rhodes should credit Note payable for $5,000.

Learn more here:

brainly.com/question/15709295

8 0
2 years ago
Misbah Corporation manufactures two styles of lampslong dasha Bedford Lamp and a Lowell Lamp. The following per unit data are​ a
kvasek [131]

Answer:

D. 8.000 Bedford Lamps and 2.500 Lowell Lamps

Explanation:

The computation of the optimum operating income is shown below:

Particulars          Bedford Lamp         Lowell Lamp

Sales price          $30                         $35

Less: Variable costs $18                         $ 23

Contribution                 $12                         $12

Machine hours           2                          4

Contribution per machine hour 6 3

(Bedford = 12 ÷ 2, Lowell = 12 ÷ 4)  

As we can see that the contribution margin per hour of Bedford Lamp is more than that of Lowell lamp so  the production of Bedford Lamp should produced first and then Lowell Lamp.

And, required hours to make 8,000 units of bedford lamp is

= 8,000 × 2

= 16.000 hours

Now Balance Hours is

= 260,00 - 16,000

= 10,000 hours  

Lowell lamp that can be made from 10000 hours is

= 10,000 ÷ 4

= 2,500 Lowel Lamps

3 0
3 years ago
What type of loan requires you to pay the interest accumulated during college
azamat
This type of loan is called an unsubsidized loan. Hope I helped!
3 0
3 years ago
In cultures that are high in uncertainty avoidance,————-
lukranit [14]

Culture is known to be the way of life of people in a particular place. In cultures that are high in uncertainty avoidance is one where orderliness, consistency, and structure are important.

  • Uncertainty avoidance is simply known as the way cultures socialize its people or members to feel in uncertain, novel, surprising, or in surprise situations.

People who have high uncertainty avoidance cultures often capitalizes on strict orderliness and consistency in behavior.

Conclusively, The ability to approach cross-cultural work relationships with a learner mind-set is known to be an attribute of high cultural intelligence.

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6 0
2 years ago
Expected cash dividends are $4.00, the dividend yield is 8%, flotation costs are 6% of price, and the growth rate is 5%. Compute
Brut [27]

Explanation:

\text { Dividend, } \mathrm{D}= 4 \\\text { Dividend yield rate }=\mathrm{D} / \text { Current price }=8 % \\\text { Current price }, \mathrm{P} 0=\mathrm{D} / 8 \%=\$ 4 / 8 \%=$ 50

\text { Flotation cost, } \mathrm{F}=8 \% \text { of current price }=\$ 50 * 8 \%=\$ 4 \\
\text { Growth rate,g }=4 % \\
\text { Cost of new common stock, } \mathrm{Ke}=[\mathrm{D} 1 /(\mathrm{P} 0-\mathrm{F})]+\mathrm{g} \\  =[\$ 4 /(\$ 50-\$ 4)]+4 \% \\
=0.086956522+0.04 \\
=0.126956522=12.7 \% \text {(Rounded) }

12.7%

6 0
3 years ago
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