Answer:
Non-Discretionary Expenses means payments made to third parties on account of: (a) mandatory payments of monthly debt service (but not payment of principal or interest at or after maturity) required under Loan Documents evidencing debt of the Venture or any Subsidiaries; (b) Emergency Expenses; (c) other non-
Explanation:
Answer:
The project is worth $2,738.57.
Explanation:
Giving the following information:
You have been offered a project paying $300 at the beginning of each year for the next 20 years. The rate of return is 9%.
To calculate the present value, first, we need to calculate the final value:
FV= {A*[(1+i)^n-1]}/i
A= annual pay= 300
n= 20
i= 0.09
FV= {300*[(1.09^20)-1]}/0.09
FV= $15,348.06
Now, we can calculate the present value:
PV= FV/(1+i)^n
PV= 15,348.06/1.09^20= $2,738.57
Answer:
D) it presumes there will be economic gains even if output does not become internationally competitive
Explanation:
The argument for import protection in developing countries to bring about industrialization differs from the infant-industry argument in that it presumes there will be economic gains even if the output does not become internationally competitive. International competitiveness is a step of the relative cost of services/goods from a nation. Countries that can provide a similar quality of goods at a cheaper cost are stated to be extra competitive.
Answer: C $22,100
Explanation: Bank Reconciliation
8/31/10 Bank Balance $21,650
Add:
8/31/10 Deposit in transit. $3,900
Less:
8/31/10 Outstanding Chq. $2,750
8/30/10 Rtd Chq. $600
8/31/10 Bank Charges. $100
Cash book balance $22,100
Answer:
B
Explanation:
Mortgages prevent government regulation of property but involve higher taxes
