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3 years ago

1.5 marks

Business

1 answer:

ratelena [41]3 years ago

3 0

Answer:

C) 15 months

Explanation:

As per the law, a company with two or more shareholders must hold an Annual AGM every year. The AGM for a new company must be held within the first nines months after the financial year.

The AGM for an existing company must be held not later than six months after the end of a financial year. However, the law has set 15 months as the maximum gap of time allowed between two general meetings.

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Your grandparents deposit $2,000 each year on your birthday, starting the day you are born, in an account that pays 7% interest

OverLord2011 [107]

Answer:

The money you will have is $98020.

Explanation:

It is given that grandparents deposit $2,000 each year on birthday and the account pays 7% interest compounded annually also the time is 21 years.

we will use the compound interest formula $A=P (1 + \frac{r}{100})^{t}$ .

For the first birthday the amount after 21 yr will be:

$A=2000(1+\frac{7}{100})^{21}$

Similarly for the second birthday amount after 20yr will be:

$A=2000(1+\frac{7}{100})^{20}$

likewise, the last compound will be:

$A=2000(1+\frac{7}{100})^1$

The total value of such compounding would be :

$\text {Total amount}=2000(1+\frac{7}{100})^{21}+2000(1+\frac{7}{100})^{20}...2000(1+\frac{7}{100})^{1}$

$\text {Total amount}=2000[(1+\frac{7}{100})^{21}+(1+\frac{7}{100})^{20}...(1+\frac{7}{100})^{1}]$

$\text{Total amount} \approx 2000(48.01)$

$\text{Total amount} \approx 96020$

The total amount just after your grandparents make their deposit is:

≈($96020+2000)

≈$98020

Hence, the money you will have is $98020.

4 0

3 years ago

Incoterms refer to ____. select one:

Juli2301 [7.4K]

The answer here is incoterms are standardized international terminologies. Incoterms which is the short term for “international commercial terms” are made so that there is an easier way for which the traders in the international trade can understand each other. These are trade terms by the International Chamber of Commerce (ICC) which are used by both international and domestic trade contracts. In 1936, these terms were first used and from time to time, these incoterms are updated especially in the current trade practices. Due to the updates every now and then, contracts must then be specified as to what version of incoterms are they using.

5 0

4 years ago

Assume the Crash Davis Driving School has a 13.1 percent ROE and a 30 percent payout ratio. Required: What is the sustainable gr

Tamiku [17]

Answer:

9.17%

Explanation:

sustainable growth rate = return on equity x retention rate

return on equity = 13.1%
retention rate = 1 - payout rate = 1 - 30% = 0.7

sustainable growth rate = 13.1% x 0.7 = 9.17%

A company's sustainable growth rate is the growth rate that the company can achieve without raising new capital either by issuing debt or stocks. It basically refers to how much the company can finance its current or future projects by investing its retained earnings.

8 0

3 years ago

The sum of the results produced by a team

miskamm [114]

True or false
In the case of a work team, individual efforts result in a level of performance greater than the sum of those individual inputs.
True

3 0

3 years ago

Opal asks Paolo, who does not understand English, to sign what Opal says is an application to open a bank account. In fact, the

ser-zykov [4K]

Answer:

fraud in the execution

Explanation:

Fraud in the execution refers to an unlawful act that can have dire results. Fraud is regarded to be enough action purposely scheduled to mislead another individual with a negative impact on that individual. Fraud may include misinterpreting a contractual component or taking something out of a deal that might deceive another person. Fraud could be a serious felony offense.

Thus, from the above we can conclude that the given case depicts fraud in the execution.

8 0

3 years ago