Accounting adds and subtracts numbers billing etc.
Bookkeeping just organizes and stores imformation.
Answer: Decrease the price of ice cream.
Explanation:
Since the elasticity is grater than one a decrease in price will lead to a greater change in demand and invariably more revenue.
A certificate of deposit (CD) would be the best banking
choice when the interest rate is determined ahead of time and there is an
assurance to get back what you put in plus interest once the CD matures. If you leave the money alone during the
investment period then the bank will pay you an interest rate slightly higher
than what you would have earned in a money market or checking account. Thus,
all gains from certificate of deposits are taxable as income unless they are in
a tax-deferred (IRA) r tax-free (Roth IRA) account.
Total amount won in a lottery, P = $11,000,000
Yearly payments, C = 11,000,000/26 = $423,076.92
The payments will be done at start of every year.
With monthly compounding;
PV = C{(1-R/12)^-25*12)/R/12)+(1+R/2), where R = Interest rate = 9% = 0.09
Therefore,
PV = 423076.92*{(1-(1+0.09/12)^-12*25)/0.09/12}+(1+0.09/12) = $51,310,701.95
Therefore, the present value will be more if the amount is invested.
Answer:
Employee Relations
Explanation:
Employee relations refers to all activities that are related with the movement of the employees within the organization. A well structured employee relations program promotes employee commitment and loyalty to the organization, thus increases organizational productivity.