The company started out as a PARTNERSHIP between Nick Selver and Rita.
in 2001 THE PARTNERS decided to ______ and STOCK MARKET is the last blank
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Answer:
<em>Approximately $22 billion</em>
Explanation:
<u>Future Value (FV)</u>
Given a present value (PV) of an investment, the annual interest rate r, the future value at time t years is given by
Care must be taken to properly express the time in years and the rate in yearly pertentage.
The estimated value of the Manhattan Island in 1626 was PV=$24. 386 years later, at a r=5.5% its value would be
The present value can be estimated in more than $22 billion
Answer:
Unilateral Mistake
Explanation:
In a contract between two parties, a unilateral mistake occurs when one party in the contract makes a mistake regarding cost, the definition of a term or word, or measurement. The outcome of such a mistake is usually a conflict between the two parties. To resolve this problem, the contract could be canceled (if the other party becomes aware of the mistake), or reformed (if only one party is aware of the mistake).
When Mark made a mistake about the cost of building the house for David, he made a unilateral mistake as the mistake was committed by him alone. David's refusal of the amended cost is resulting in a conflict that would likely lead to the cancellation of the contract.
Generally accepted accounting principles are the standards and rules that accountants follow while recording and reporting financial activities.
<h3>
What is Generally accepted accounting principles?</h3>
A unified collection of accounting regulations, guidelines, and practices published by the Financial Accounting Standards Board is known as generally accepted accounting principles (GAAP) (FASB). When assembling their financial accounts, American public firms' accountants are required to adhere to GAAP.
Ten basic principles serve as the framework for GAAP, which is a set of regulations. The International Financial Reporting Standards (IFRS), which are seen as more of a principles-based norm, are frequently used as a comparison. There have recently been initiatives to move GAAP reporting to IFRS because it is a more global standard.
To learn more about Generally accepted accounting principles, visit:
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