Answer:
C. 42 years
Explanation:
Rule 72 is used in finance and economics to estimate the number of years it will take for a given capital value to be doubled, given a given annual interest rate. In the case of GDP, the interest rate is replaced by the growth rate of the economy.
The formula for this rule consists of dividing 72 by the growth rate of the economy. The result will be the number of years for the capital value to double.
72 / growth rate = years to double
If the GDP growth rate is 1.7%, we have:
72 / 1.7 = 42.3 years
Answer:
The false statement is letter "D": The impact of restitution is to allow a promisee to recover the value of services he gave to the defendant irrespective of whether he would have lost money on the contract and been unable to recover in a suit on the contract.
Explanation:
In Law, restitution implies returning the monetary value loss of property to the party affected after a trial. Restitution implies returning the material goods a defendant could have taken from the plaintiff or compensating that person in monetary value for the damages caused.
Only in the case there was property loss, restitution plays like a grant there will be a compensation for the damages. If there are not significant damages or if no monetary pact was signed in a contract, there is no reason why a plaintiff should ask for restitution.
Answer:
Safety stock inventory
Explanation:
There are three process to make the product ready to sale which are shown below:
1. Raw material inventory
2. Work in progress inventory
3. Finished goods inventory
By these processes, the product is ready for sale. It passes by these three process cycles which is also a type of inventory. It also involves maintenance/repair/operating supply inventory
Answer:
cash flow budget
Explanation:
A cash budget estimates cash inflows and outflows (net cash flows) and is the basic tool for determining a company's borrowing needs, debt repayment, operating expenses, and short-term investments.
The difference between accounting and finance is that accounting relies on past events, while finance has to anticipate to future events. The basic and most important tool in finance is the cash flow budget. A company can have huge sales but if it doesn't enough cash to pay its expenses and debts, then it will not function properly.
Answer:
s = $13,014.22
Explanation:
Sample values: $40,632, $35,554, $42,192, $33,432, $69,479 and $43,589
Sample size = 6
The standard deviation of a sample (s) is given by:
Where X is the sample mean, n is the sample size, and xi is each value in the sample.
The sample mean is given by:
The standard deviation is:
