Answer:
5.4 years
Explanation:
Future value is the value of the calculated by compounding a specific present value using a specific discount rate
Payment = $1,500
Rate = 9.56%
Future value = $10,000
We will use the following formula to calculate the numbers of years.
Future Value = Payment x [ ( 1 + r)^n - 1 / r ]
$10,000 = $1,500 x [ ( 1 + 9.56%)^n - 1 / 9.56%
$10,000 x 9.56% / 1,500 = ( 1 + 9.56%)^n - 1
0.6373 +1 = 1.0956^n
1.6373 = 1.0956^n
Log 1.6373 = n log 1.0956
n = log 1.0956 / Log 1.6373
n = 5.4 years
That would be the "library of congress" type of system
Answer:
Nominal GDP = $3000
Explanation:
given data
money supply M = $1,000
velocity of money V = 3
government budget = $300
consumers spend = $1500
investors spend = $500
to find out
Nominal GDP
solution
we get here Nominal GDP that is
Nominal GDP = M × V ....................1
Nominal GDP = $1000 × 3
Nominal GDP = $3000
Answer:
The correct answer is option A,legitimate power.
Explanation:
Legitimate power refers to the power attained by virtue of formal position occupied by a superior that make subordinates believe in the legitimacy of his position and compelled to obey the instructions given by the superior.
When subordinates obey a superior as a result of wealth of knowledge, experience and skills set of the superior, such is said to be said expert power.
A manager might also offer some benefits or rewards in order to bring about obedience in the employee,this is known as reward power.
Contingent punishment power is a way to improve employee's performance by giving negative feedback inform of low appraisal score ,reprimands and so on
Non-contingent reward behavior implies giving rewards to employees which are not in any way related to employee's performance
Answer:
Cash 291000 Dr
Factoring fees expense 9000 Dr
Accounts Receivables 300000 Cr
Explanation:
The factoring charge or fess is an expense for Laurel Company for the service provided by Hardy factors. So, whenever factoring is done, the ffactoring fees expense account will be debited as expense will increase. Th cash received is 300000 * 0.97 = 291000
The factoring fees is 300000*0.03 = 9000
As a result all of the accounts receivables will be credited from the books.
