Answer:
annual rate of interest = 9.01 %
Explanation:
given data
future value = $345,000
present value = $73,000
time period = 18 years
to find out
annual rate of interest
solution
we get here annual rate of interest that is express as
annual rate of interest =
- 1 ..................................1
put here value and we get annual rate of interest that is
annual rate of interest =
- 1
annual rate of interest = 9.01 %
Answer:
544696816
Explanation:
544696816 shares of common stock were outstanding after the offering on the floor of the Securities and Exchange Commission (SEC).
Answer:
The correct answer is option II.
Explanation:
When a tax is imposed on a commodity, the tax burden is shared between the buyers and the sellers. The share of tax burden depends upon the elasticity of demand and elasticity of supply.
In the case of cigarettes, most of the tax burden is borne by the buyers. This is because the demand for cigarettes is relatively inelastic. Cigarettes are addictive so even if its price increases due to the imposition of the tax, the buyers will still purchase the same amount as they are addicted to it.