Answer: Commodity, because it was backed by a valuable good.
Explanation:
In the Prisoner of War camp in question, the prisoners had come up with a trade system where they used paper money that was backed by cigarettes. This made that paper money a commodity because it was backed by a valuable good in the camp which was cigarettes.
Commodity money such as this one used to be widely used by nations as their currency would be backed by valuable metals such as gold and silver.
Answer:
$974.969721935.
Explanation:
So, the assumed discount rate is six(6) percent(%). That is r = 0.06, hence, the amount I will be needing in the next 18 years for my child = $31,940. So, let us Calculate my yearly savings starting today by using the mathematical formula or representation below;
Amount needed in 18 years = (amounts to be saved starting from today, x)/ r × [ ( 1 + r )^n - 1] × ( 1 + r).
$31,940 = x/ 0.06 × (1 + 0.06)^18 - 1 × ( 1 + 0.06).
Solving for x, we find that;
The amounts to be saved starting from today, x = $31,940/ 32.7599917017.
=> The amounts to be saved starting from today, x =$974.969721935.
Answer:
s protected from defamation liability under the opinion/analysis quasi-privilege.
Explanation:
Answer:
a.less than $500,000
Explanation:
For computing the amount we need to applied the present value which is to be shown in the attachment below:
Data provided in the question
Future value = $500,000
Rate of interest = 7% ÷ 2 = 3.5%
NPER = 2
PMT = $500,000 × 6% ÷ 2 = $15,000
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
After applying the formula, the present value amount is $495,250.76
Answer: interdependence
Explanation:
Price fixing - incorrect. This is an illegal practise where 2 competing companies from the same market unlawfully agree that they won't sell their goods below a specific price. Hewlett - Packard and Dell did not enter into an agreement to limit their sales prices to a specific amount.
Cutthroat competition - incorrect. This is a practise where competitors within the same market aim to cripple or even eliminate their competition, by using heavy promotion or predatory pricing techniques (setting low prices to try an remove rivals). Hewlett - Packard is not aiming to use destructive techniques to eliminate Dell, and in this case isn't even considering lowering it's prices at all.
Collusion - incorrect. This is an illegal secret conspiracy, usually committed by competitors joining forces to mislead and deceive others within or linked to the market. This doesn't apply as Hewlett Packard 's intentions not to raise prices aren't to deceive Dell and other competitors. Further Hewlett - Packard has not made a secret pact of any form with its competitors.
Interdependence - correct. Interdependence is companies relying on each other to fulfil their objectives. Hewlett Packard relies on its competitors and how they will behave to a change in prices and other economic factors. The market is quite fragile, so any change by a company could have chain - reaction level effects to other companies and its customers operating within that same market. Both companies thus need each other in order to succeed.