Answer:
Explanation:
Corruption is the misuse of power that have been entrusted, It is doing contrary .
Corruption leads to poverty - the state of been poor, lacking in important things. When resources available for masses is embezzled by some certain persons it makes others poor lacking in good thing.
Corruption leads to unsustainable growth and development. In a corrupt environment their is virtually no growth or slow growth rate, individual life's cannot be sustained become they lack resources and amenities.
To make money you have to spend money
Answer:
the percentage change in quantity demanded is less than the percentage change in price (in absolute value).
Explanation:
Inelastic demand is when the demand for a product remains relatively constant, even if its price changes. Goods and services considered essential have inelastic demand. Foods stuff and petrol will have a constant demand regardless of their price levels.
A small percentage change in the price of an inelastic good or service will have minimal changes in its demand. For example, drinking water is an essential commodity. A small change in its price will not have any significant change in demand because people will need to drink water regardless of its price. Therefore, a small percentage change in price causes a lesser percentage change in quantity demanded.
Answer:
$ 15.63
Explanation:
The present value of the 17th coupon is the semi-annual coupon discounted at the discount factor that reflect that the payment is the 17th of the 20 coupons payments payable by the bond as done below
semi annual coupon=$1000*6%*6/12=$30
The discount factor applicable is 1/(1+7.82%/2)^17=1/(1+3,91%)^17=0.520984902
The present value of the 17th coupon=coupon amount*discount factor
=$30*0.520984902
=$15.63
The present of the 17th coupon is $ 15.63
This is then applied in bond duration calculation
Answer: a.exceed the revenue price variance and be favorable
Explanation:
Revenue Volume x Revenue Price = Total Revenue
From the above formula, for the Total Revenue to be variated positively and yet the Revenue Price is of Negative Variance, it would follow logically that the other variable in the transaction contributed to the favorable variance of the Total Revenue apart from the Revenue Price.
The only other variable is the Revenue Volume. The Revenue volume must therefore have been large and favorable enough to offset the Negative Variance of the Revenue Price.
