Answer:
Common stock is a security that represents ownership in a corporation.
Explanation:
Holders of common stock elect the board of directors and vote on corporate policies.
Complete Question:
The senior management of BonusOne Bank formulates a new set of strategic plans for the next financial year and conveys it to the middle management. The middle management, in turn, conveys the same to their respective subordinates. In the context of communication channels, the given scenario illustrates?
Group of answer choices
A) downward communication
B) upward communication
C) horizontal communication
D) informal communication
Answer:
A) downward communication.
Explanation:
In this scenario, the senior management of BonusOne Bank formulates a new set of strategic plans for the next financial year and conveys it to the middle management. The middle management, in turn, conveys the same to their respective subordinates. In the context of communication channels, the given scenario illustrates a downward communication.
A downward communication can be defined as the formal flow of information and messages within an organizational hierarchy; which is mainly from a higher level (senior management) of an organization to a lower level (middle management) and lastly, to the least (subordinates).
<em>When downward communication are effectively and properly used in an organization, it helps them to achieve their aims, goals and objectives successfully. </em>
The answer is distribution
Answer:
PV=$10,593,984.88
Explanation:
This cash-flow described represents a growing annuity.
Present value of a growing ordinary annuity is calculated as follows:
PV=![\frac{P}{i-g}*[1-[\frac{1+g}{1+i}]^n]](https://tex.z-dn.net/?f=%5Cfrac%7BP%7D%7Bi-g%7D%2A%5B1-%5B%5Cfrac%7B1%2Bg%7D%7B1%2Bi%7D%5D%5En%5D)
where P = the annuity payment in the first period
i = interest rate per period that would be compounded for each period
g = growth rate
n = number of payment periods
from the question. P= $1,000,000; i=0.1; g= 0.04;n=18
PV=![\frac{1,000,000}{0.1-0.4}*[1-[\frac{1+0.04}{1+0.1}]^1^8]](https://tex.z-dn.net/?f=%5Cfrac%7B1%2C000%2C000%7D%7B0.1-0.4%7D%2A%5B1-%5B%5Cfrac%7B1%2B0.04%7D%7B1%2B0.1%7D%5D%5E1%5E8%5D)
= $10,593,984.88
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