Adam Smith's invisible hand theory is the concept that in a market where people are free to buy and sell as they please, buyers will buy goods that sellers offer at prices that work for all parties.
No. Day trading refers to trading positions that are opened and closed the same day.
Answer:
IRR = 13.05%
Explanation:
using an excel spreadsheet, the cash flows are:
year 0 = -$3,200,000
year 1 = $425,000
year 2 = $425,000 x 1.08 = $459,000
year 3 = $459,000 x 1.08 = $495,720
year 4 = $535,378
year 5 = $578,208
year 6 = $624,464
year 7 = $674,422
year 8 = $728,375
year 9 = $786,645
year 10 = $849,577
year 11 = ($849,577 x 1.08) - $480,000 = $917,543 - $480,000 = $437,543
IRR = 13.05%
The internal rate of return (IRR) is the discount rate at which a project's NPV (net present value) would equal $0.
Answer and Explanation:
The internal and the external users or parties of accounting information are as follows
Internal users: These are the users who are belonged from the company i.e. shown below:
1. Owners
2. Managers
3.Employyes
External users: These are the persons who are outsiders such as
1. Suppliers
2. Customers
3. Tax authorities etc
