The memo line is the least important part.
Answer:
MIRR = 4.32%
Explanation:
year cash flow
0 -$795,000
1 $375,000
2 -$500,000
3 $600,000
4 $400,000
Since there are 2 cash outflows, the IRR calculation would result in two different answers (1 for every cash outflow), that is why we use the MIRR function in excel.
=MIRR (cash flows, finance rate, reinvestment rate)
=MIRR (-795000 to 400000, 5.5%, 5.5%)
Since we are only given one interest rate, we will use it as our finance rate and our reinvestment rate.
MIRR = 4.32%
The factors like democracy, poor leadership, lack of communal participation and inefficient strategic management lead to poor service delivery and corruption.
<h3>What is service delivery?</h3>
The process of providing service to the customer or subscriber, by whatever name called, who is being supplied with such services by the provider, is known as a service delivery.
Hence, the significance of service delivery is as aforementioned.
Learn more about service delivery here:
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Answer:
Sense of independence
Explanation:
Basically Kenneth is writing a draft and signing it. The client, will probably change some (if not most) of Kenneth's article, specially any part where Kenneth might criticize the restaurant's service or exaggerate any good service provided by the restaurant. The content of the article itself will be determined by the client.
Kenneth should be independent and impartial when writing an article critique, since writing what the restaurant wants is simply advertising. Sadly this is very common on certain industries, that is why all the movies are excellent or the best of all times, no matter how bad they are.
Letter of credit that can be split up between many suppliers, each able to present their own documents for payment and allowing the trader to take his profits from the balance of the credit, is called Transferable Letter of Credit
.
Explanation:
Transferable Letter of Credit is a credit document in which the party can transfer the credit in full or partial to another beneficiary.
A transferable credit letter that enables a receiver to further pass all or part of the payment to another supplier in the chain or to some other receiver. This usually occurs when the recipient is merely a conduit to the actual supplier. Such LC allows the beneficiary to have their records, but to further pass the credit.
