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Answer:
the future value is $21,534.44
Explanation:
The computation of the future value is shown below:
As we know that
Future value = Present value × (1 + interest rate)^number of years
where,
Present value is $15,000
The Interest rate is 7.5%
And, the number of the year is 5 years
Now put these values to the above formula
So, the future value is
= $15,000 × (1 + 0.075)^5
= $21,534.44
Hence, the future value is $21,534.44
The departure date is the date that the traveling party is scheduled to leave their home and begin the trip.
Price difference in the given scenario
- Flight destinations were constrained as a result of COVID-19. To go to Baton Rouge, Louisiana, I decided on a one-way ticket. I went with American Airlines, the first airline that appeared in the search results. I decided on July 30th for the period of less than 7 days.
- One-way coach tickets cost $186.19 with two stops and $299.46 for non-stop flights. The same flight was scheduled for August 6th less than 14 days in advance. Coach travel on American Airlines costs $89.18 for a one-way ticket.
- The next flight was on August 17th, which was more than 21 days away. On American Airlines, a one-way ticket cost $89.18. The trip that was less than 7 days out was the only one that cost significantly more.
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Answer:
In the absence of any condition +50% of voting securities will give powers to investors to control over the investee.
Explanation:
- The investors have majority of ownership .
- They can hire the Board of Directors for the investee
- They can directly control over the operations of the investee
- Voting shares give the power to approve or reject major decisions and actions such as a merger.
Answer:
The correct answer is option B.
Explanation:
Comparative advantage refers to the situation when a nation or individual is able to produce a good or service at a comparatively lower opportunity cost. The nation is said to specialize in the good or service it can produce at a lower opportunity cost.
Trade through specialization helps both the nation involved in the trade to consume more. Each nation produces more of the good it specializes in and exchanges it for the good it does not specializes in.
In this way, both of them are able to consume beyond their production possibility curves.
