Answer:
The purposes of the Act and King 111 are, inter alia, to promote compliance with the Bill of Rights as provided for in the Constitution in the application of company law, to encourage transparency and high standards of corporate governance and provide for the balancing of rights and obligations of shareholders
Answer: (1)revolving credit, (2)installment account,& (3)charge card
Explanation:
(1)Borrowers have a fixed credit line that is replenished as the outstanding balance is paid off.

(2)Borrowers have to make regular payments under fixed terms.

(3)Consumers can shop using credit at specific locations.
The Manufacturing Overhead for the year was $18,000 overallocated.
Explanation:
- Lakeside, Inc. estimated manufacturing overhead costs for the year at $ 375 comma 000, based on 180 comma 000 estimated direct labor hours. Actual direct labor hours for the year totaled 191 comma 000. The manufacturing overhead account contains debit entries totaling $ 391 comma 000.
- The Manufacturing Overhead for the year was $18,000
- there are basically two types of business overhead which are administrative overheads and the manufacturing overheads.
- Overhead expenses includes the following examples,
- the accounting fees,
- advertising, insurance,
- interest rates,
- legal fees,
- labor work,
- rent, repairing,
- supplies, taxes,
- telephone bills,
- travelling expenses, etc.
Answer:
$56,470.59
Explanation:
We need to calculate the principal amount at the beginning of June
Data:
Interest (I) = $400
Rate(r) = 8.5%
Time(t) = 360 days
Solution:
We can calculate the principal amount by rearranging the Interest calculation formula
Formula: I = Prt
Note; Where P in the formula is the principal amount
Now rearrange the formula in order to find principal
P = I/rt
P = $400/(0.085)x(30/360)
P = $400/(0.085)x(0.08333333333333)
P = $400/(0.00708333333333
P = $56,470.59
Note: we only need to find the principal balance of June so we will consider only 30 days of June out of 360 days.
Answer:
You must be positive
Emotional intelligence
A growth mindset
Adaptability and resiliency
