A = P (1 + I)^n
40000 = 5000 (1 + 0.07)^n
(1.07)^n = 40000/5000 = 8
ln(1.07)^n = ln8
nln1.07 = ln8
n = ln8/ln1.07 = 30.7...
The best answer is closest to (d) 30.6 years.
Answer:
Credit Cards
Payday Loans
Auto Loans
Explanation:
In the field of economics, credit means to have the ability of having goods or the services before the payment of the goods which can be paid later in the future to the other party.
The following can be bought on credits and can be paid in cash later on. These includes :
Credit cards -- credits card are used to purchased item on credits to which the payment is done on a later date in the future.
Payday loans -- payday loans is a type of loan or money borrowed from someone with an interest that is to be paid in the future.
Auto loans -- auto loans are available to buy a car in credit and repaying the loan in cash to the bank in installments in the future.
According to the "adapting to change" box, the professional that is best able to detect the financial irregularities that often accompany fraud in an organization is Control process.
<h3>What is control process?</h3>
Controlling involves assessing the performance of a company and modifying the financial performance.
This is done for credibility and to meet the company's objectives, goals and plans.
Control process serves as yardstick to which the goal of business or company is achieved. Managers of company engage in control process.
Therefore, According to the "adapting to change" box, The professional that is best able to detect the financial irregularities that often accompany fraud in an organization is Control process.
Learn more on control process below
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Answer:
c. none of these
units started into the process this period plus units in beginning inventory
Explanation:
In FIFO , the physical units are divided between the beginning units, units started in process and the ending units. But as all the materials is added at the beginning of the process so the FIFO physical units would be divided between the units started into the process this period plus units in beginning inventory and hence the equivalent units for materials will be calculated.
So the best choice is option c.
