Answer:
$7,896
Explanation:
In order to solve this problem we have to use the present value of $1 discounted at 6% for 3 years = 0.84
We can determine the amount that we should deposit today to have $9,400 in three years by multiplying $9,400 times 0.84 = $7,896
If you want to check your answer you can use the future value formula:
future value = $7,896 x 1.06³ = $7,896 x 1.191 = $9,404
The result is slightly different due to rounding numbers, 0.84 should have been 0.839619283. If we use all the decimals then our answer should be $7,892.421261
Free market economy is where economic decisions are made by individuals and are based on exchange or trade.
As an entrepreneur, you need to be ethical as an individual as well as in your business behaviour. For the given two scenarios the solution could be-
- Part 1: Paying fair and acceptable salaries may present an ethical quandary as the owner of a small or large firm.
- Part 2: Bribes are valuable gifts given to encourage someone to act unethically.
<h3>Strategy for handling the decision or dilemma:</h3>
The strategy for handling the decision or dilemma using the steps defined in the unit in a business that creates apps for cell phones are-
- Paying fair and liveable salaries could present you with an ethical conundrum as a small- or big-business owner.
- Despite the fact that it could be challenging for you to pay your staff enough so they can support themselves, it is crucial to do so.
- To pay my staff liveable wages, I would personally go above and above.
- Future rewards will come from having strengthened my relationships and gained more trust from my staff.
<h3>Ethical situations categories:</h3>
When ethical situations often arise within businesses: the ethical situations categories that require appropriate action is "Bribes".
- Bribes are valuable gifts given to influence someone to act unethically.
- Consider the following factors when determining whether or not something is a bribe: the cost of the item, the time of the present, the kind of gift, and the relationship between the giver and the recipient.
- In order to handle this circumstance, I would add a section about bribes and gifts to my corporate policy or code of conduct.
To know more about the entrepreneur and entrepreneurship, here
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you said to use images and words so here you go your teacher should be impressed
get dababied
