A best effort approach, in which the investment banker pledges to do his or her best to sell the shares and will take a small percentage of the sale of each stock
It is that your pay stubs might b wrong
Answer:
The nation is moving toward a market-based system
Explanation:
Capital
This is simply tools, equipment, machinery, and buildings used to produce goods and services.
Economic System
This is simply refered to as the way or method used by a society to allocates its resources (land, labor, capital and entrepreneurship) to satisfy its needs.
Command economy
This is known as an economic system that depends on the central government to make all of the decisions in terms of supply and demand rather than allowing the market to freely identify consumers' demands and industry's ability to supply
A perfectly competitive firm earns a profit when price is above the average total cost.
A perfect competitive firm is a firm that operates in a perfectly competitive market. A perfectly competitive market is a market where the goods and services exchanged are homogenous. There is perfect information in this type of market.
In the long run, firms in a perfect competition earn only a normal profit. If in the short run, firms are earning economic profit, new firms would enter into the market. This would wipe out economic profit. In the short run, if an economic loss is been made, firms would leave the industry.
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Answer:
$21,691.43
Explanation:
We are to determine the present value of 35,000
the formula for determining present value is :
PV = FV (1 + r)^-nm
FV = Future value
P = Present value
R = interest rate = 8%/ 12
N = number of years
m = number of compounding = 12
35,000( 1 + 0.00667)^-72 = $21,691.43
