Answer:
It will grow to $229.91
Explanation:
Amount (A) = Pe^rt
P is the amount invested = $100
r is the rate of return = 9.25% = 9.25/100 = 0.0925
t is the duration of the investment = 9 years
A = 100e^(0.0925 × 9) = 100e^0.8325 = $229.91 (to 2 decimal places)
Answer:
"B"
Explanation:
This is the first stage of initiating a legal action. The plaintiff initiates a service of process by providing a notice supported by of legal action supported by court documents to the defendant and also give some time to respond to the summon order.
If the defendant refuses to honor the invitation , he is found at default and the court can proceed to award reliefs to the plaintiff.
Answer:
$ 2929
Explanation:
Calculation for What amount can Shelley deduct
Airfare to New Jersey $2,180
Add Meals 119
(238/2)
Add Lodging in New Jersey 432
Add Rental car 198
Deducted amount $2929
Therefore the amount that Shelley can deduct will be $2929
Answer:
Because of the existence of advanced forecasting techniques, capital budgeting is based on precise estimates of future events.
Explanation:
Capital budgeting is the process of identifying, evaluating, selecting, and controlling long-term investment projects and it involves estimating the revenues and costs of each proposed project, evaluating their merits, and choosing those worthy of investment.
Capital budgeting uses after-tax cash flows in the analysis of proposed investments.
Thus, the basic objective underlying capital budgeting is to select assets that will earn a satisfactory return.
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