Answer:
C) 20.48%
Explanation:
I will use an example to show this:
1€ = $1
if the euro depreciates by 17%, then the exchange rate will be 0.83€ = $1
in order for the euro to recover its previous value against the dollar, it needs to increase 0.17€ / 0.83€ = 0.2048 = 20.48%
in other words, a 17% depreciation is equivalent to a 20.48% revaluation.
Answer:
$96,154.20
Explanation:
We are to find the future value of the annuity
The formula for calculating future value = A (B / r)
B = [(1 + r)^n] - 1
A = Amount
R = interest rate
N = number of years
[(1.08)^9 - 1 ] / 0.08 = 12.487558
12.487558 x $7,700 = $96,154.20
Limited financial liability. It is one of the advantages because the strain of effort and time would be not part of the investment and if the it is successful you're earning even though you're not doing anything. You're only role is able to provide money or resources to the venture.
Answer:
The correct answer is option II and III only.
Explanation:
Monopolistic competition is a market structure where there is a large number of buyers and sellers. The sellers in this market sell differentiated products which are close substitutes.
There is a very low restriction on the entry of new firms in the market. Because of differentiated products each firm has some degree of market power. The firms face a downward-sloping demand curve. This means that the firms decide the price level.
Though the firms enjoy zero economic profits in the long run.
Answer:
The stock dividends are not taxable in 2009 for this case
Explanation:
A. According to the US taxatation regulation in this particular case the stock dividend is not taxable because it is <em>pro rata</em> to all the shareholders.
<em>pro rata means proportional.</em>
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