Answer:
Committee reports
Explanation:
Committee reports
Committee report will help Edie in order to understand the newly enacted code section .
Since ,
A committee report is the report which is submitted by the committee to an assembly on the matters related to the business , which is referred to committee or may be on other matters .
Hence , the correct answer is C. Committee reports .
1. How much interest would you pay on a loan of $1,230 for 15 months at 15 percent APR if the interest is 18.75 per $100?
The chart probably refers to interest per $100 of loan. So, the interest for a $1,230 loan would be (1230/100) * 18.75 = 230.625 ~ 230.63
So, the answer will be B $230.63.
2. Sherri borrowed $3,200 at 13 percent APR for 18 months. If she must pay 19.5 per $100, what is the total interest?
3,200 / 100 = 32 ... x 19.5 = 624
Principal x int rate x time = 3200 x .13 x 1.5 yr = 624 interest
So, the answer will be the A $624.
3. What is the total amount that Sherri (in question number 2) will repay?
The correct answer will be the $3,824.
Answer: The current ratio measures a company’s effectiveness in using fixed assets to support sales.
Explanation:
The statement regarding a financial statement analysis that is incorrect is option E "the current ratio measures a company’s effectiveness in using fixed assets to support sales".
The current ratio is used by a company to know if there are enough resources that are available in order to meet the short term obligations of the company.
This is done through the comparison of the current assets of the company to the current liabilities of the company.
Option(A) is the correct answer.
Acceleration clause allows a lender to regain their investment if a borrower does not pay his rent.
<h3>What is acceleration clause in real estate?</h3>
The "accelerated provision" of a loan agreement describes the circumstances under which the borrower is required to make an immediate full repayment of the loan. When the borrower substantially violates the terms of the loan arrangement, an accelerated clause is often triggered.
For instance, the acceleration clause in most mortgages kicks in if the borrower skips too many payments. Commercial and residential mortgages are the ones that typically have acceleration clauses. Some leases may also include them.
The borrower may be permitted to repay the loan in full before the loan's maturity date, according to an accelerated provision.
To learn more about real estate:
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