Answer:
$10,202.87
Explanation:
The balance will be the sum of a 6-term geometric sequence with first term 1500 and common ratio 1.05. The sum of such a sequence is given by ...
sn = a1(r^n -1)/(r -1)
We have a1=1500, r=1.05, n=6, so the sum is ...
s6 = 1500(1.05^6 -1)/(1.05 -1) = 10,202.87
Walter's account balance after the 6th deposit will be $10,202.87.
Answer:
The correct answer is letter "D": autocratic.
Explanation:
Autocratic leadership is characterized by having the leader explain exactly the parameters of how things must be done within an organization, set what objectives the group mus reach, and control every activity without significant influence of the subordinates. Autocratic leaders hardly ever take the subordinates' advice.
Answer:
B. 16.50%
Explanation:
We know,
according to Capital Asset Pricing Model (CAPM), the expected return, E(r) = risk-free rate + (expected return on the market - risk-free rate) × beta
Given,
Risk-free rate = 2.50%
Expected return on the market = 9.5%
Beta = 2 (We know market beta is 1. As Metz Industries stock twice as risky as the market on average, the beta of the company is 1×2 = 2.)
Putting the values in to the formula, we can get,
The expected return, E(r) = 2.50% + (9.5%- 2.50%) × 2
E(r) = 2.50% + 7% × 2
E(r) = 2.50% + 14%
E(r) = 16.5%
Therefore, the option B is the answer.
Answer:
B. No, no free entry
Explanation:
With a patent granted to one pharmaceutical company to produce and sell an experimental AIDs drug, all doors of free entry and exit have been locked against other pharmaceutical companies. This implies that one of the major ideals of a competitive market is violated. Without free entry and exit, there cannot be many sellers, and we cannot discuss about the possibility of firms producing identical products because there is only one drug.
