Answer:
6.93 years
Explanation:
For computing the number of years we use the NPER formula i.e to be shown in the attachment
Given that
Present value = $8,000
Future value = $0
Rate of interest = 9%
PMT = $1,600
The formula is shown below:
= NPER(Rate;PMT;-PV;FV;type)
The present value come in negative
So, after applying the above formula, the number of years is 6.93 years
Purchasing power parity is basically the value of money in terms of what can be bought irrespective of market or region.
In the current scenario, Starbucks are expected to cost the same whether in Paris or Seattle. What matters here is the exchange rates.
If Starbucks costs $5 in Seattle and 4 Euros in Paris, the exchange rate is,
Exchange rate = Cost in Seattle/ Cost in Paris = $5/4 Euros = $1.25 per Euro or 4 Euros/$5 = 0.8 Euros per dollar. This means that Euro has more value than the dollar.
The correct answer is c.
The total interest due at the end of two months is computed by $480,000 * 0.08 * 2/12 = $6400
As the notes payable charge interest each month interest of $6400/2 = $3200 needs to be accrued. So the adjusting entry to be recorded is:
debit to interest expense 3200
credit to interest payable 3200
The choices are 1) wind speed 2) air pressure 3) cloud cover 4) relative humidity. The answer is 2) air pressure. This can be interpreted by a barometer. The change in air pressure has an effect the storm. It can also tell a forecast of a coming weather. The drop in air pressure can also indicate that there is a low pressure.
source: //www.rcsdk12.org/
Answer:
Express Warranty
Explanation:
Express Warranty -
It is a type of agreement by the seller in order to provide the replacement or repair the product , any service or component ,which is faulty , with in a given period of time frame , is known as express warranty .
The consumer gets the guarantee about the goods or service and feel secure about the purchase .
Hence , from the question , the term according to the given statement of the question is express warranty .
