Answer:
MIRR= 12.9%
Explanation:
You can do this on excel using the '=MIRR' function. Enter the following cashflows on excel;
Initial investment; CF0 = -1,000
Year 1 cashflow; C01 = 300
Year 2 cashflow; C02 = 300
Year 3 cashflow; C03 = 300
Year 4 cashflow; C04 = 300
Year 5 cashflow; C05 = 300
Rate = 10%
then type in "= MIRR ", and the function will pop up, select it and highlight all the cells with the above cashflows, use 10% as finance rate & reinvestment rate and press "ENTER". The MIRR would be; 12.9%
I believe the answer is: A. Lower deductible
In choosing insurance, the premium is the amount that you should pay to the insurance company in exhange for the coverage of their service. While the deductibles are the amount that you should pay each year before the insurance company start paying on your behalf.
Classification Management transaction assertion is an illustration of a cash reception.
<h3>Management Assertions: What Are They?</h3>
Management assertions are statements made about certain elements of a firm by members of management. The idea is mostly applied to the audit of financial accounts of a firm, where the auditors rely on a number of assertions about the company.
<h3>Transaction assertion - what is it?</h3>
Sales, purchases, and wages paid during the accounting period are all considered transactions. All of the assets, liabilities, and equity interests listed in the statement of financial position at the period's conclusion are included in account balances. These include claims of existence, completeness, rights, and obligations, as well as of accuracy and value, presentation, and disclosure.
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Answer:
The British pound
Explanation:
The functional currency of a company is the currency used in the primary economic environment in which the company operates. This means that the company's functional currency is the currency used in the place where the company earns its revenues and pays its expenses. In this case, the company operates in the United Kingdom, therefore its functional currency is the British pound.