Answer:
Following are the solution to this question:
Explanation:
The crew is forbidden to connect with visitors on the ship. The protection of a ship holds the crew close watch day and night. It doesn't mean that dalliances don't happen, but if a crewman is caught and convicted, the next port seems to be the start of the ship. Therefore the traveler ought to be able to claim damages in this issue, nobody has informed the traveler of apparent danger.
Answer:
Results are below.
Explanation:
Giving the following information:
Initial investment (PV)= $3,400
Interest rate (i)= 5% = 0.05
Number of years= ?
<u>To calculate the future value, we need to use the following formula:</u>
FV= PV*(1+i)^n
<u>For example:</u>
n= 10 years
FV= 3,400*(1.05^10)
FV= $5,538.24
n= 8 years
FV= 3,400*(1.05^8)
FV= 5,023.35
Free housing reduces poverty because children without a home are more likely to be able to work on school work at home (school is the way to get a good job!), rather than worry about the next meal, because the parents can provide meals with the cost of housing relieved.
Answer:
It provides definite objective for evaluating performance
Explanation:
Budgeting: It can be defined as the process of deciding an efficient way of spending money.
A budget is a financial plan which shows the estimation of income and expenditure over a specified future period of time. A budget can be made by an individual, business organzations or government of a country.
A budget can either be surplus or deficit.
1. A surplus budget is a budget in which the estimate of income is more than expenditure.
2. A deficit budget is a budget in which the estimate of expenditure is more than income.
Benefits of budgeting includes;
1. It provides definite objectives for evaluating performance.
2. It requires all levels of management to plan ahead on a recurring basis.
3. It facilitates the coordination of activities.
Answer:
Flexible road maps with destinations that may change.
Explanation:
Creativity and adaptability are necessary for a modern day manager, as things are constantly changing and the manager needs to keep up to speed with those changes around.
Therefore the manager has to make his plans flexible to accommodate future changes that can possibly occur.
