Jeff Company issues a promissory note to David Company to get extended time on an account payable. David records this transaction by debiting <span>Accounts Payable and crediting Notes Payable.
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Answer:
$100
Explanation:
Alto's share value = (2,400 × $24) = $57,600
Alto's total value = Share value + Incremental value of acquisition = $57,600 + $5,500 = $63,100
Net present value (NPV) = Alto's total value - Cost of acquisition = $63,100 - $63,000 = $100
Therefore, the net present value of acquiring Alto to Solo is $100.
The answer is the Real Estate Settlement Procedures Act or
RESPA. This act was intended to defend possible property holders and allow them
to become more intelligent consumers. RESPA necessitates that creditors provide
bigger amounts of information to potential borrowers at certain points in the
loan settlement process. It also forbids the innumerable parties involved from
paying kickbacks to each other.
Answer:
d. the prices at which trade occurs
Explanation:
Terms of trade is the ratio of export prices to import prices.
The balance in Marty’s account will be $1330
Simple interest= (P x R x T) / 100
Where,
P = Principal = $1,000
R= Rate = 7.2%
T = Time = 55 months = 4.583333 years.
Simple Interest = (1000 x 7.2 x 4.58) / 100
=$329.76 = $330 (approx.)
Amount = Principal + Simple Interest
=$1000 + $330
=$1330
What is Simple Interest?
Simple interest is calculated based on a loan's principal or the initial deposit into a savings account. Simple interest doesn't compound, so a borrower will never have to pay interest on the interest already accumulated because a creditor will only pay interest on the principal amount.
How do I calculate simple interest?
Simplified interest (S.I.) is computed using the following formula: S.I. = P*R *T, where P stands for principal, R for the annual percentage rate of interest, and T for time, which is typically expressed as the number of years. Written as r/100, the interest rate is expressed as a percentage, or r%.
Learn more about Simple Interest: brainly.com/question/25845758
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