Answer: Internal reporting involves the compilation of financial and operational information on a frequent basis, which is distributed to those within an organization who can use it to improve performance. ... Internal reports are not shared with anyone outside of the firm.
Answer:

Explanation:
When interest is compounded annually, we can use the following formula to calculate the amount in the account at the end of a given time period.:

Where:

Let's solve the previous equation for t:
Divide both sides by PV:

Take the natural logarithm of both sides:

Replace the data provided by the problem:


Answer:
r= .0901, or 9.01%
Explanation:
N=18, PV=73,000, FV=345,000, I=? 9
Therefore:
V = PV(1 +r)t
= (FV/PV)1/t– 1
r= ($345,000/$73,000)1/18– 1
r= .0901, or 9.01%
The annual rate of interest the person must earn on the investment to cover the cost of the child’s college education is 9.01%
Answer: 14.63%
Explanation:
Based on the information given in the question, the effective annual cost of credit will be calculated as:
Effective annual cost of credit = [Interest rate/ (100 - Deposit Rate)] x 100
= [12 /(100 - 18)] x 100
= (12 / 82) × 100
= 0.1463 × 100
= 14.63%
The effective annual cost of credit is 14.63%.
Answer:
They recognize the lifetime value of customers.