The answer, on the point of view of Boster, is A. Debit notes receivable and credit accounts receivable (not payable i think). This is from the point of view of Boster. So to Boster, he will have an accounts receivable by Martin company. So what Martin did is that he offered a promissory note to Boster. This will increase Boster's notes receivable. At the same time, this will also lessen Boster's accounts receivable since this turned into a notes receivable.
Answer:
No
Explanation:
An independent contractor is a business person or entity who works for an employer based on an agreed-upon contract which affords him the flexibility of choosing how and when he accomplishes a task. The employer has the right to control the results of his work but has little or no say on how and when the job is done.
An independent contractor is not bound to work specific hours dictated by an employer. When the sale's agent finds it difficult to close a deal or is unable to produce paperwork in a timely fashion, he cannot just be arbitrarily penalized by the broker. The broker could terminate the contract if the agent does not meet up to his requirements.
Answer:
Maturity value; Default; Sinking fund provision; Call provision.
Explanation:
Maturity value is the sum payable to an investor toward the finish of a debt instrument's holding period (maturity date).
Sinking fund provisions means a provision in some bond indentures requiring the backer to set cash aside to reimburse bondholders at maturity.
A call provision is a provision on a bond or other fixed-pay instrument that enables the guarantor to repurchase and resign its bonds.
Answer:
see below
Explanation:
Collateral refers to a valuable asset that a borrower offers to a lending institution to guarantee that they will repay the requested loan. Usually, collateral has a higher value than the loan amount. Collateral reduces the risk to the lender, which translates to lower interest rates.
Examples of assets that Pedro can use as collateral include.
1. Motor Vehicles
2. Properties such as land and Buildings
3. Machinery and equipment
4. Inventory
Answer:
A. 90
Explanation:
nominal GDP = 50*20 + 100*8 = 1800
real GDP = 50*10 + 100*15 = 2000
GDP deflator = (nominal GDP/ real GDP)*100 = (1800/2000)*100 = 90
