Answer:
B- Surety is liable in full immediately upon default by Burns but will be entitled to the collateral upon satisfaction of the debt.
Explanation:
A surety comes to play when a party lacks certainty about whether or not another party in a contract will be able to fulfill all stated requirements. The other party could be required to provide a guarantor, who will be involved in the contract of suretyship. The essence of this is to reduce possible risks for the lending party.
This surety bond involving 3 parties, allows the lending party, file a claim against the bond to recover losses incurred, if the borrower fails to adhere to the terms previously stated.
Answer:
![\left[\begin{array}{ccccc}$Concept&$Base&6,000&7,500&10,000\\$Sales&6.25&37,500&46,875&62,500\\$Variable&-1.55&-9,300&-11,625&-15,500\\$Fixed&12,000&-12,000&-12,000&-12,000\\$Income&&16,200&23,250&35,000\\$Average per pizza&&2.7&3.1&3.5\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccccc%7D%24Concept%26%24Base%266%2C000%267%2C500%2610%2C000%5C%5C%24Sales%266.25%2637%2C500%2646%2C875%2662%2C500%5C%5C%24Variable%26-1.55%26-9%2C300%26-11%2C625%26-15%2C500%5C%5C%24Fixed%2612%2C000%26-12%2C000%26-12%2C000%26-12%2C000%5C%5C%24Income%26%2616%2C200%2623%2C250%2635%2C000%5C%5C%24Average%20per%20pizza%26%262.7%263.1%263.5%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Explanation:
Question elaborate budget for the range of 6,000 // 7,500 and 10,000 units considering the selling price per Pizza is 6.25 dollars.
a) we multiply the sales per unit by each volume sales
b) sale idea but with the variable cost
c) we also subtract the fied cost.
d) This give us the income on each volume.
Finally we also divide by the numbers of unit to determinate the gain per pizza.
Answer:
16,900
Explanation:
Ending Inventory = 30% x 12,000 = 3,600
Beginning Inventory = 30% x 19,000 =5,700
Thus;
19,000 + 3,600 – 5,700 = 16,900
Therefore the Porch Cushion Company need to purchase in August,900 pound of foam of Cushion.
Answer:
Cash Collection is $122,000
Receivable as on August 31, is $97,000
Explanation:
Total budgeted cash collection in the month of August is $122,000 and total receivables as on August 31 is $97,000.
A schedule for the cash collection is made in MS Excel file, which is attached with this answer, please find it.
Answer:
The correct answer is letter "A": perpetuity.
Explanation:
Annuities are regularly-provided income hired through insurance. Those payments can be provided within a short or long period of time until an undetermined date. That is the reason why annuities are also called perpetuities. Annuities are taxed at regular income tax rates.
