Answer:
9.61 years
Explanation:
For this question , we use the NPER formula that is presented in the attached spreadsheet
Given that,
Present value = $12,000
Future value = $30,000
Rate of interest = 10%
PMT = $0
The formula is shown below:
= NPER(Rate;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the answer is 9.61 years
Answer:
Lance’s attitudes are strongly influenced by the ideas of Bureaucratic theory
Explanation:
Bureaucratic theory was coined by Max Weber. Lance’s attitudes in this case relate to the various rules of a bureaucracy such as division of labor, formal selection procedure, and impersonality.
Concerning the formal selection procedure, staffing should be done on the basis of the most qualified and competent people in order to fulfill organizational goals.
Under the division of labor rule, employees’ there is clear definition of responsibility and authority of each employee.
Under the formal rules and procedures, bureaucracy requires managers to depend on these formal organizational rules when engaging employees.
Finally, impersonality rule requires rules and procedures to be applied to everyone uniformly.
Answer:
Develop International management skills
Resolve commercial challenges. ...
Explanation:
Devon would most likely benefit from studying international business issues because it will help him:
1. Develop Management Skills: Devon might grow to a management position in an international company without having the required skills and knowledge on how to manage a multi-cultural business environment.
2. Resolve Commercial Challenges: Although Devon does not have international responsibilities, he might be appointed into a team or would be much more valued in the company if he proffers solution to commercial challenges. The ability to do so will be gained with a study in international business.
Of course it is it would be bad if something went wrong and the borrower had to repay it.
Answer:
6%
Explanation:
Data provided as per question is as given below:-
Redeemed amount = $1,000
Sale value of Bond = $687.25
Number of year = 5
The computation of interest rate is as shown below:-
Interest rate = (Redeemed amount ÷ Sale value of bond) ^ (1 ÷ Number of Year) - 1
= (1,000 ÷ 747.25) ^ (1 ÷ 5) - 1
= (1.338) ^ (0.2) - 1
= 0.06
= 6%