Answer:
Economic systems as a type of social system must confront and solve the three fundamental economic problems: What kinds and quantities of goods shall be produced, "how much and which of alternative goods and services shall be produced?" How shall goods be produced? ..by whom and with what resources
Answer:
the value of good increases (goes up)
Answer:
Invoices should be paid on the last day of the discount period.
Buyers should take advantage of early payment discounts.
Explanation:
Cash management can be regarded as
process involvinh collection and management of cash flows. Cash management is very crucial for individuals as well as companies as far as financial stability is concerned. It should be noted that good cash management practices involving inventory purchases;
✓Invoices should be paid on the last day of the discount period.
✓Buyers should take advantage of early payment discounts.
Answer:
Explanation:
Given:
- r = 9% /12 = 0.09/12 compounded monthly
we need to find the payment per month:
= 
= 
= $ 699,59
Hence, after 20th payment, she already paid:
$699,59 * 20 = $13,991.8
After we find out the Future value:
FV = PV 
=$22,000(
= $28,790.20
At the end, the total amount she must pay at that time is:
FV - The amount she has already paid
= $28,790.20 - $13,991.8
=$14,794.4
Hope it will find you well.
Answer:
Most likely yes
Explanation:
Business practices do depend on local cultures, but they are also very sensitive to standardization since business across the world have the base basic objective: to increase economic value, and this value is measurable.
As globalization advances, firms all over the world will seek the best financial, operative, and human resource practices in order to increase economic value, and this practices will be available to a global audience mainly in the form of quantitative data and strategies that can be adapted to any firm no matter where it is located.
