Answer:
True
Explanation:
Because in Friedman's view making profit is the only social responsibility of the company. He said this because in his view the company has to earn profit for investments and if the company makes investments, it would create jobs and increased exports. So this means this is the best social responsibility in context of a economist, the company can pursue.
Answer:
Please see the explanation of the process
Explanation:
In the integrated cash receipt system in which customers makes the payments on account of the physical check that are mailed to the company.
The mail room clerk open the envelops containing the checks and remittance advices and endorse the checks for deposit only.Then the clerk reconcile the checks and remittances advices and prepare the remittance list. The checks, remittance advices and a copy of remittance list sent to the cash receipt department
.
The cash receipt clerk reconciles the checks and remittances advice with remittance list and prepares the deposit slips. Via terminal, the clerk accesses the cash receipt system and creates a record in the remittance file (cash receipt journal) for each remittance advice received. The clerk files the remittance list, remittance advices and one copy of the deposit slips. At the end of the day,a member of the security group deposits the checks in the bank
.
Answer:
A)If interest rates decline, the prices of both bonds will increase, but the 15-year bond would have a larger percentage increase in price.
TRUE
As it has more time to maturity it will have a higher time expose to the rate therefore, will be more volatile against the rate fluctuations
Explanation:
The 10-year ond is issued at premium, above par as the coupon rate 12% is higher than market rate 10%. Each year will decrease the market value to come closer to maturity date.
The 15-year ond is issued at discount, below par as the coupon rate 8% is lower than market rate 10%. Each year will increase the market value to come closer to maturity date.
Answer:
27.85 years
Explanation:
In this question we use the NPER formula that is shown in the spreadsheet
Provided that
Present value = $767.50
Future value = $1,000
Rate of interest = 8.49% ÷ 2 = 4.25%
PMT = $1,000 × 6.3% ÷ 2 = $31.50
The formula is shown below:
= NPER(Rate;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the number of years is 55.71
But in this case, it would be
= 55.71 ÷ 2
= 27.85 years
