Answer:
The correct answer is "Michael Porter".
Explanation:
Michael Eugene Porter is a professor at Harvard Business School and directs the Institute for Strategy and Competitiveness at Harvard Business School. He is known worldwide for his influence on business strategy, consulting, economic development of nations and regions, and the application of business competitiveness to the solution of social, environmental, and health problems.
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Answer:
b.$34,320
Explanation:
Ordinary interest ; Use simple interest formula to fins amount
Amount (A) = Simple interest +Principal , and
Simple interest (S.I) = Principal * rate *time i.e. P*r*t
Principal = $33,000
rate = 6%
time in years = 8/12 <em>note: 8 months, counted from May 17 to Jan 16)</em>
Amount = [33,000*0.06 * ]+ 33,000
A = 1,320 + 33,000
A = 34,320
Therefore, the maturity value would be $34,320
Answer: The central limit theorem is important in statistics because if the variable is larger, the sample distribution of the mean will be normal regardless of how the population size is.
Explanation: The central limit theorem is also referred to as CLT. The CLT will fluctuate as different variables are added while trying to achieve normal distribution for their variables. When trying to find out the equal population, different variables are added to test out the theories.
Answer:
c. $600 interest expense and zero cash outflow from operating activities.
Explanation:
The computation of the interest expense is shown below:
= Borrowed amount × rate of interest × number of months ÷ total number of months in a year
= $36,000 × 5% × 4 months ÷ 12 months
= $600
This four months are calculated from September 1 to December 31
In the income statement, the interest expense is recorded for $600 but in the operating activity there is no effect
Answer:
It will take 25.28 year to have enough to buy the car ( ignoring Inflation effect)
Explanation:
Current Deposit = PV = $49,000
Future Value = FV = $199,000
Interest Rate = r = 5.7%
Use following Formula
FV = PV ( 1 + r )^n
$199,000 = $49,000 ( 1 + 0.057 )^n
$199,000 / $49,000 = ( 1 + 0.057 )^n
4.06 = 1.057^n
Log 4.06 = n log 1.057
n = log 4.06 / log 1.057
n = 25.28
it requires 25.28 year to have an amount to buy the Ferrari.