Answer:
D. The IRR is about 22.80%
Explanation:
If we use excel instead of trial and error method, it is easy to determine the Internal rate of return. As there is no cost of capital, it is challenging to determine IRR through the trial and error method.
The following image shows the IRR of this project is 22.80%.
Yes, you should. Especially if it’s for a test or a grade.
Answer:
Few controls can be used to prevent or detect personal purchases on company's credit cards.
Explanation:
Following controls can be taken to prevent or detect personal purchases on company's credit cards:
1. One should make sure that the company policy clearly forbids all purchases that are personal with company funds.
2. Same employee should not be allowed to originate purchases and then approve them too.
3. Controls can be installed to know if there are multiple purchases under employees approval limits.
4. Also, there should be a maximum limit of purchase for each employee.
5. Any invoice which is not related to company should be checked regularly.
Answer:
A)The court found that the defendant had established a prima facie defense of duress and remanded the case for further proceedings.
Explanation:
The court ruled in favor of Charlotte Russe because the amendment of the contract was done under duress. Duress occurs when a party (generally with superior bargaining power) threats to file a lawsuit, physically hurt, or in this case cut a service provided if the other party does not agree to the terms of the proposed contract.
E.g. I force my neighbor to sell me his Playstation because if he didn't I would beat him up.
The actual words of the court were:
<em>"[a] party may rescind a contract on the ground of duress if the party proves by clear, cogent, and convincing evidence that [it] agreed to the contract because of an improper threat by the other party that left no reasonable alternative."</em>
