A _____ a written promise by one party to pay money to another party ?
A promissory note is a written financial agreement to pay a specified party a certain amount of money, on-demand or at the stated date. The note is drafted by a borrower or the party that owes money to another person or an institution. A promissory note is an acknowledgement of debt and a commitment to pay.
A promissory note must provide details of the debts owed such as the total amount, interest payable and a schedule of payments if applicable. The maker must sign the promissory note. A promissory note can be used to finance business operations from institutions or individuals other than the banks.
Promissory notes are unconditional: they do not specify a recourse should the drafter fail to honor payments.
Lease or contract
A lease is a promise to pay an owner for rent but a Contract is a Promise to pay another person.
Under what conditions can a good separation be achieved with a simple distillation?
When companies adopt the strategy-making and strategy execution process it requires they start by A. developing a strategic vision, mission and values.
B. developing a proven business model, deciding on the company's top management team, and crafting a strategy.
C. setting objectives, developing a business model, crafting a strategy, and deciding how much of the company's resources to employ in the pursuit of sustainable competitive advantage.
D. coming up with a statement of the company's mission and communicating it to all employees, setting objectives, selecting a business model, and monitoring developments and initiating corrective adjustments to the business model when necessary.
E. deciding on the company's board of directors, setting financial objectives, crafting a strategy, and choosing what business approaches and operating practices to employ.
The answer is A. developing a strategic vision, mission and values.
When companies formulate strategy, It involves choosing the most appropriate method or course of action that will help in actualizing the companies goals.
Strategy formulation and execution is important for the achievement of goals of an organisation because it helps to provide a path that the organisation will follow towards achieving their objectives.
In formulating and executing strategy, the first step to take is to develop a strategic vision, mission and values for the organisation.
The stage of vision , mission and value statement requires the organisation to state clearly why it is existing, what it intends to achieve, how it intends to achieve it, and the various guiding principles that will assist such organisation in achieving it goals and objectives.
Which career would be most suitable for someone with a strong extraversion preference in MBTI chart A) landscaper
B) freelance writer
D) research librarian
A farmer grows a bushel of wheat and sells it to a miller for $1. The miller turns the wheat into flour and then sells the flour to a baker for $3. The baker uses the flour to make bread and sells the bread to an engineer for $6. The engineer eats the bread. What is the value added by each person? What is the bread's contribution to gdp?
GDP contribution is $6.
Explanation: GDP refers to the market value of final goods and services produced withing the national territory of a country.
Using the value added method, we can calculate GDP by summing up the value added at each level of production.
Using the expenditure approach, GDP is the market value of the final good sold to the customer.
GDP = Cost of bread to the engineer = $6
What are the factors of production? How can economies grow when one or more of the factors is weak? Here are the factor of production natural resources, capital, human resources, and entrepreneurship
"factors of production" are never weak, though it is possible for specific factors employed to make specific products to be in short supply. In such circumstances, producers probably would try to offer a substitute for which critical factors were more available. Such products probably would not be as good as the product they replaced, but the economy as a whole still would continue to grow, especially in the face of continued saving and investment.
On September 1, 2020, Vaughn Manufacturing issued a note payable to National Bank in the amount of $1440000, bearing interest at 9%, and payable in three equal annual principal payments of $550000. On this date, the bank's prime rate was 8%. The first payment for interest and principal was made on September 1, 2021. At December 31, 2021, Vaughn should record accrued interest payable of___________.
I will just assume that there are three equal annual principal payments of $480,000. If we use $550,000, the total principal would = $1,650,000.
accrued interests from September to December = principal x (9%/12) x 4 months
principal = $480,000 x 2 = $960,000
accrued interest payable = $960,000 x 0.75% x 4 = $28,800
Mike loves Q-Mart and shops there often. One day, another customer asked Mike if he knows where turkey basters are in the store. Mike immediately gives directions to the exact aisle, even though he has never looked for turkey basters himself. Mike has displayed ____.â€‹ a. â€‹insight
b. â€‹vicarious experience
c. â€‹latent learning
d. â€‹the rectangular bias
c. latent learning
According to my research on studies conducted by various psychologists, I can say that based on the information provided within the question Mike has displayed what psychologists call Latent Learning. This is the process of learning something based on subconscious experience and without any forced learning or reinforcement of the behavior or information that is learned. Which is what Mike is displaying since he has learned a lot about Q-Mart subconsciously by shopping there daily.
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Why does an unsecured loan have a higher interest rate than a secured loan? Only one answer
A. The bank bears all the risk of the loan.
B. The bank charges more for poor credit scores.
C. The bank bases higher interest rates on market conditions.
D. The bank raises rates unfairly for unsecured loans.