This question is incomplete because the options are missing; here is the complete questions:
Ian Sanders offered to sell his car to Beth Jones for $5,000. Subsequently, Beth demanded that he provide new seat covers for the car as she was paying a rather heavy price for the car. Beth's response represents a(n) ________.
A. Inquiry regarding terms
B. Rejection of the offer
C. Conditional acceptance of the offer
D. Additional term
The correct answer to this question is D. Additional term
Explanation:
In a contract, the terms refer to the specific conditions or obligations the parties involved accept. These terms are usually registered in a document as not following the terms has legal consequences. In the case presented, the answer of Beth represents an additional term because the purpose of her answer is to include a new condition or obligation that the seller of the car should accomplish as part of the agreement between seller and buyer.
Answer:
accrual method = $4000
cash method = $12000
Explanation:
given data
rent = $1000
time = 12 month
to find out
maximum amount of rent
solution
we know from 1 September mika start paying rent
so September to December = 4 months
so by accrual method
accrual method = rent × time
accrual method = 1000 × 4
accrual method = $4000
and
by cash method
cash method = rent × time
cash method = 1000 × 12
cash method = $12000
<span>Street Survivors was the fifth studio album of the rock group Lynyrd Skynyrd, recorded in 1977. In October of that year, a small plain carrying members of the band as well as managers and support personell, crashed near Gillsberg, Mississippi. Lead Vocalist Ronnie Van Zant, guitarist Steve Gaines, and backup vocalist Cassie Gaines were among the six killed.</span>
Answer:
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Answer:
a. AIE will have to borrow $25,5102.04
b. The Effective Rate on this Loan is 6.63%
c. If AIE can convince the bank to remove the compensating balance requirement the effective rate is 6.50%
Explanation:
In order to calculate how much will AIE have to borrow we would have to use the following formula:
Amount to be borrowed = Cost of Truck / (1 - Compensating balance)
Amount to be borrowed = $250000 / (1 - 0.02)
a. Amount to be borrowed = $25,5102.04
In order to calculate the effective rate on this loan we calculate the following:
Effective Rate on this Loan = Interest / Amount received
Effective Rate on this Loan = 16581.63 / 250000
b. Effective Rate on this Loan = 6.63%
c. If AIE can convince the bank to remove the compensating balance requirement the Effective rate = annual rate, hence the effective rate is 6.50%