Managers, this is symbolic of how business is run in U.S. culture.
<span> <span>Solution:
A = P(1+r)^n
where,
A = amount
P = principal
r = rate of interest
n = number of years
Putting values in the formula,
8850 = 2750(1+0.08)^n
8850/2750 = (1+0.08)^n
log will be used to solve "n" as it is in the exponent form, which gives,
log(8850/2750) = n log(1+0.08)
By solving, we get n = log(8850/2750) / log(1+0.08)
Using financial calculator, value comes as 15.187 rounded to 15.19.
So, he will have to wait for 15.19 years to take holidays as it will take 15.19 years to make $8850 from $2750 @ 8% annual compounding.</span> </span>
Answer and Explanation:
There is no copyright infringement here. Savant homes had not taken a copyright protection for the design prior to this time. Also in the case it was found that the design is not in fact a unique design by Savant homes as it is used widely and was common before savant homes used it. And so it was a dummy model for everyone to copy from. Therefore the infringement was considered invalid as there was no ground for savant homes to claim it as am intellectual property
Answer: B - 2.09 years
Explanation:
Discounted payback period calculates how long it takes for the amount invested in a project to be recovered from the cash flows generated from the project.
The calculation used in getting the answer is found in the attachment.
Answer:
to Smith only, or Jones only, or Smith and Jones
Explanation:
In this specific scenario, a proper indorsement of the check would be to Smith only, or Jones only, or Smith and Jones. That is because a check needs to be as specific as possible and cannot have various options. The check needs to be made to a single specific individual and if it is for more than one individual then both need to be included as a requirement (and). Making it so that both recipients must cash the check together for it to be accepted.
