For many in the baby boom generation, ......................................... represents a FLASHBULB MEMORY, an .......................... event.
A flash bulb memory refers to a detailed and vivid memory which is stored on one occasion and is retained for a life time. Such memory are usually related to important autobiographical events or other types of memories that are unforgettable.
Bills accounting profit is
equals to revenue ($250,000) minus explicit (monetary) cost (50,000 and
30,000), while his economic profit is equals to accounting profit minus
implicit (opportunity) cost (3,000 and 100,000). Accounting profit is $170,000
and Economic profit is $67,000.
<span>Economic profit is always lower
than accounting profit because explicit costs and implicit costs are both
deducted to revenue. Implicit costs are cost that he should have earned if he
gives up his present resources. These costs are projected cost and are not yet
incurred.</span>
Answer:
2.0%
Explanation:
Coupon received annually = $500*2% = $10
We have the cash flow from year 0 to year 6 as below:
Year 0 ($500)
Year 1 $10
Year 2 $10
Year 3 $10
Year 4 $10
Year 5 $10
Year 6 $510 (Principal $500 & coupon $10)
IRR (internal rate of return) whereas the present value of all cash flow is nil
It is very difficult to calculate IRR manually, but easily in excel = IRR(-500,10,10,10,10,10,510) = 2%
Please see excel attached
5555555 explanation for what you wanna get you know how
