Answer:
d. not enforceable
Explanation:
Usury state laws are strict in limiting the maximum limit among interest rates. If the usury statute limits the max interest rate to 3.5%, William's bank is violating it by putting it to 4.5%.
Usury laws are highly strict when it comes to regulations, so this kind of contract is not enforceable.
These laws are specifically tailored by the government to protect consumers from usury practiced by some banks and "loan sharks".
Answer:
administered
Explanation:
Based on the information provided within the question it can be said that the term that is being mentioned in this scenario is an administered vertical marketing system. This is a co-ordinated system of distribution channel organization that is characterized the movement of products from point of origin to consumer is controlled by a single individual as opposed to contractual ties. Which is the main marketing system that may benefit from agreements among channel members.
Answer:
amount of a product and the price a consumer pays
Explanation:
A chart that shows the relationship between quantity demanded and price shows the relationship between the amount of a product purchased by a consumer and the price of the prodcut.
It doesn't show the relationship between th3 interest a consumer has in a product and its price. Interest doesn't always translate in demand for the product. A consumer might be interested in a product but might not buy it due to its price or other factors.
A chart that shows the relationship between price and quantity demanded is the demand curve. It plots price on the vertical axis and quantity demanded on the horizontal axis. The demand curve is usually downward sloping to illustrate the law of demand. The law of demand says that the higher the price of a product, the lower the quantity demanded and the lower the price of a product, the higher the quantity demanded.
Answer:
Executive Director, Non Executive Director
Explanation:
Landon is a senior manager for the firm Anderssen Inc. Because of his experience, he has been appointed to the board of EEC Inc., even though he doesn't work for this firm. He also serves on the boards of several other companies. Landon is an Executive Director for Anderssen and a Non Executive Director for EEC.
An executive director has operational responsibilities in a firm but a non executive director does not have operational responsibilities in a firm but is involved in planning and policy formation which are strategic activities.
Operational refers to the daily running of a business.
Answer:
the bond interest expense for the six months ended June 30, 2021, in the amount of $10,8864
Explanation:
The computation of the interest expense is shown below
= Carrying Value of Bond × Effective interest rate
= $217,719 × 10% yield interest × 6 months ÷ 12 months
= $10,886
Hence, the bond interest expense for the six months ended June 30, 2021, in the amount of $10,8864
Therefore the second option is correct