<h2>Every country operate in a different yet similar system of both political and social affairs.</h2>
Explanation:
Every country operate in a different yet similar system of both political and social affairs. In terms of political differences, some countries have parliamentary governments while some countries like the US have presidential governments.
Regardless of how each country operate politically, most of the operational system of these countries are embedded in democracy and the general welfare of its citizens. The differences occur because of these operational systems of each country. They could differ in policies, reforms or laws which are based on the interests of its people and the nation.
In economic terms, the differences occur when governments prioritize what economic policies or model they choose to implement. Economic systems of a country change according to the need of the times. For instance, China initially, after its independence, chose to remain a closed economy until it reformed its policies in 1978 to finally open up the country.
Legal systems of countries differ from one another as every country use a civil law system based on its cultural, social, political and historical circumstances. For instance, in US each state has the power to establish its own legal procedures while in some country, every state must follow a uniform civil code.
As we know the political economy refers to both the political and economic systems of a country, management practice of national differences is important to taken into account before securing economic relations with another country. Management practice of national differences helps in finding favorable economic and political systems around the world for a country to make both economic and political partnership with.
Answer: "I. Many assets are measured at their historical cost rather than amounts for which the assets could be sold." explains why a company’s book value as reported in the balance sheet may not equal the company’s market value.
Explanation: Normally non-current assets (fixed assets) are valued at their historical acquisition cost, therefore the difference between the market value and the book value of a company occurs
Answer:
Gain in PV = $1,449,268
Explanation:
Annual % of gross ticket sales = 5% * $50,000,000
Annual % of gross ticket sales =$2,500,000
Present value of annuity = Annuity[1-(1+interest rate)^-time period]/rate
Present value of annuity = $2,500,000[1-(1.03)^-5]/0.03
PV = $2,500,000*4.579707187
PV = $11,449,268
Gain in PV terms= =$11,449,268-$10,000,000
Gain in PV = $1,449,268
Answer:
The number of years would be 4 years to maturity
Explanation:
Let the Face value (FV) be $1,000
So, the PMT will be 10% of Fv
PMT = 10% × $1,000
PMT =$100
Computing the Present Value (PV) of the bond as:
PV = PMT / Current Yield
where
PMT is payment monthly, which the 10% of coupon bond, that is $10
Current Yield will be 9.85% or 0.0985
Putting the values above:
PV = $100/ 0.0985
PV = $1,015.22
Now, computing the number of years using the Excel formula , which is as:
=Nper(rate,pmt,pv,fv,type)
where
Nper is number of years
rate is 9.5%
pmt is $100
pv is -$1,015.22
fv is $1,000
Putting the values above:
=Nper(9.5%,100,-1015.22,1000,0)
= 3.76 or 4 years
Answer:
you should choose the Roth IRA
Explanation:
we have to calculate after tax return in order to determine which option is better:
- traditional IRA account: after tax return = $2,500,000 x (1 - 30%) = $1,750,000
- Roth IRA account: after tax return = $2,000,000, since Roth IRA's distributions are tax free
Roth IRA contributions are not tax deductible, that is why their distributions are tax free. While traditional IRA contributions are tax deductible, that is why their distributions are taxed at marginal tax rate.
