Answer:
Capitalism
Explanation:
Private individuals or firms own economic resources and control their use.
Voluntary trade is the mechanism that drives activity in a capitalist system.
The owners of resources compete with one another over consumers, who in turn, compete with other consumers over goods and services.
Answer:
B. A code of ethics tends to elicit less debate about specific actions.
Explanation:
A code of ethics is shorter than a code of conduct, it establishes the general principles and values that a company has. the employees of the company have to act according to this principles. The code of conduct establishes the actions and decisions that are taken according to the employees and company conducts. In general cases, the codes of ethics is the general document that gives the bases for the code of conduct.
A code of conduct is more comprehensive because it includes the rules for every specific situation that may happen in the company, but it does not serve to the general public, it is about internal procedures.
Having this in mind, when there is a problem inside the company, the ethics code does not include the kind of decision that will be taken so it elicit less debate about specific actions; the code of conduct includes the rules and procedures for the specific actions.
Answer:
Strategic renewal
Explanation:
<u>Strategic renewal
</u> includes the process, content, and outcome of refreshment or replacement of attributes that have the potential to substantially affect its long-term prospects in a company. It is also the process of change and the outcome of adjustment in strategic direction that has the vital potential to determine the long-term competitiveness of a company in its industry
Answer:
(a) The effective annual interest rate for a 3-month T-bill selling at $97,270 with par value $100,000 is 11.71%
(b) The effective annual interest rate for a 13% coupon bond selling at par and paying coupons semiannually is 13.42%
Explanation:
(a) A 3-month T-bill selling at $97,270 with par value $100,000
EAR =![[par value /price]^n-1}](https://tex.z-dn.net/?f=%5Bpar%20value%20%2Fprice%5D%5En-1%7D)
n = 3 months or 12/3 = 4 times in a year
= ![[100,000/97,270]^4 - 1](https://tex.z-dn.net/?f=%5B100%2C000%2F97%2C270%5D%5E4%20-%201)
=![[1.028066]^4 -1](https://tex.z-dn.net/?f=%5B1.028066%5D%5E4%20-1)
= 1.1171 - 1
= .1171 or 11.71%
b) EAR(coupon bond) = ![[1+.13/2]^2 -1](https://tex.z-dn.net/?f=%5B1%2B.13%2F2%5D%5E2%20%20-1)
=![[1+.065]^2 -1](https://tex.z-dn.net/?f=%5B1%2B.065%5D%5E2%20-1)
= ![[1.065]^2 -1](https://tex.z-dn.net/?f=%5B1.065%5D%5E2%20-1)
= 1.1342 - 1
= .1342 or 13.42%
Answer:
The correct answer is (A)
Explanation:
An unearned fee on unearned income is the amount which is added to an account but not received yet. These accounts are usually liability and credit account. It is a liability because it has not received yet. So the general entry of this account is; debit to the cash account and credit to the unearned account.
