Answer:
C. $1.24 million
Explanation:
Given that
Annualized interest compounded = 5%
For monthly, it would be = 5% ÷ 12 months = 0.4167%
Time = 235 years
For monthly, it would be = 235 years × 12 months = 2,820
Present value = $10
We know that
Future value = Present value × (1 + interest rate)^number of years
= $10 × (1 + 0.4167%)^2820
After solving this, the answer would be $1.24 million
Answer:
The true statement about the Siemens bribery scandal is:
b The CEO was involved and condoned it.
Explanation:
The 2008 Siemens scandal was an organized and deliberate effort by the company to bribe government officials in order to secure supply contracts from national governments. It was a worldwide act perpetrated by senior management officials with a long-term pattern. The massive bribery attracted a fine of $160 billion. It seems that bribery is an "embedded business culture in the company."
Taxes levied on the sale, manufacture or use of specific items such as liquor, cigarettes, and gasoline are known as <u>selective sales taxes</u>, as well as <u>excise taxes.</u>
So, there aren't taxes on a whole bunch of products, but rather on a selected few, which (in the case of alcohol and cigarettes) are considered detrimental to the society and thus people who want to use them have to pay a little bit more in order to have that commodity.
Answer:
910 days
Explanation:
Calculation to determine the Minimum Restocking Level needed to cover expected demand over time without stocking out
Using this formula
Minimum Restocking Level= (Average daily demand × Reorder period)+ (Average daily demand × Lead time)
Let plug in the formula
Minimum Restocking Level= (70 days × 10 days) + (70 days × 3 days)
Minimum Restocking Level=700 days + 210 days
Minimum Restocking Level= 910 days
Therefore the Minimum Restocking Level needed to cover expected demand over time without stocking out is 910 days
Answer:
a. True
Explanation:
Answer this question using YTM, coupon rate, price and par value relationship/rules.
If YTM > coupon rate, then Price < Par value
If YTM < coupon rate, then Price > Par value
If YTM = coupon rate, then Price = Par value
In this case, the assumption is that YTM > coupon rate, hence based on the above rules, the Price or market value of the bond will be < Par value. This makes the statement true.
