Answer:
True
Explanation:
When a company finds itself in a country that has a competitive advantage in a particular product and the company produces goods aimed at competiting against the local market by using international production. It will most likely fail as it cannot meet up low cost of local firms.
If however the manager's of the company make a strategic decision of manufacturing locally, this will take advantage of the lower cost of production.
The company can take ownership of a local firm through which it can successfully produce locally.
Answer:
Express, bilateral contract
Explanation:
An express contract is one in which the terms are explicitly spelt out to both parties. These terms are spelt out in its entirety and its usually in an oral form as opposed to the conventional written form. An express contract can be call a special contract.
A bilateral contract is one in which both parties agree to carry out their side of the contract.
In the above question, Maria and Todd had an oral agreement rather than a written one which signifies an express contract. While also both maria and Todd agreed to shovel the snow and pay $25 respectively and both of them help up their end of the contract.
Government regulations are necessary because they protect public safety and market fairness. For example, food safety regulations help protect consumers from pathogens that could cause widespread illness. By creating regulations, the government can make the food-borne illness less likely. However, even though these regulations are necessary, they must still meet constitutional requirements. Producers and consumers have the right to own and use property, among other constitutional rights.
Answer: $135
Explanation:
First find the future value of the proceeds.
= 10,000 * (1 + 5%)⁷
= $14,071
The monthly payments are equal so X is an annuity and as the payment is made immediately, this is an Annuity due.
Convert the interest rate into monthly figure:
= 3%/12
= 0.25%
Present value of annuity = Annuity * (( 1 - (1 + r)^-n ) / r) * (1 + r)
14,071 = Annuity * ((1 - (1 + 0.25%) ⁻¹²⁰) / 0.25%) * (1 + 0.25%)
14,071 = Annuity * 103.82
Annuity = 14,071 / 103.82
= $135.53
= $135
Answer:
97 days
Explanation:
In simple interest method, the interest is calculated by the following formula
I= P x R x T
I= interest
P = principal amount
R =interest rate
T= Time
In this case
I=$16
P=$1500$
R= 4% or 0.04%
T= time
$16= $1500 x 0.04 x Time
$16 =60 x Time
Time = 16/60
time = 0.2666 year.
time in days = 0.26666 x 365 days
=97.333 days
=97 days