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Question: If you were to draft a contract/promissory note based upon the following facts:
Jonathan Grant has agreed to borrow $10,000 from First Bank, a Florida Bank, with an interest rate of 25%. Payments on the loan will begin on November 1, 2015 in the amount of $250.00. The payments will continue to be made on the 1st of each month at any First Bank branch office. If the borrower is more than 10 days late on the loan, he will have to pay a late fee of $25.00. If the borrower is more than 60 days late on the loan, First Bank may demand the entire amount due plus interest. In the event of a default, the will have to cover any collection fees, attorney's fees or court costs associated with collection of the debt. This agreement cannot be modified or transferred.
With being mindful of contractual elements and the sufficiency of the terms of the agreement, what things should be included and covered in the promissory note?
Prepare a worksheet that can calculate the total insurance due when the floor space of the factory is entered. how the total insurance due varies with the floor space of the factory for any range of floor spaces that are entered.
discuss the differences between cash flow and accounting income and why it is important to use cash flow in making
Laurn has a margin account and deposited $50,000. Assume the prevailing margin requirement is 40%, suppose commissions are ignored, and Gentry Shoe Corporation is selling at $35 per share.
What is the required rate of return on Security A?
Between 1876 and 1913, gold was the standard of currency (each currency was convertible into gold at a specified rate). When World War 1 began in 1914, the gold standard was suspended. Right now, each country has their currency. If I am traveling..
What is the bottom line of the current (last) budget approved by Congress (surplus or shortage), using a .gov website?
Write down the forecast of next period's earnings if Earnings are a mean reverting process with no trend or cycle and Earnings are a mean reverting process with a trend but not a cycle.
What is the role of materials requisition forms in a job-order costing system? Time tickets? Predetermined overhead rates?
Organizations need to have a pool of managerial talent to take on jobs from senior managers and new management jobs that may be created.
Covol would be able to use the same tooling, which had a book value of $40,000, on the new machine tool as it had used on the old one.Covol would be able to use its existing computer system to develop programs for operating the new machine tool. The ..
Your investment portfolio consists of ?$20,000 invested in only one stock-Microsoft. Suppose the? risk-free rate is 5 %, Microsoft stock has an expected return.
What is a trade secret? Provide an example of a trade secret. How might the trade secret you identified help a firm establish a competitive advantage.
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