Answer: The Reserve Bank of India keeps all of Advika’s foreign currency for her.
Explanation:
When a country uses exchange controls, it limits the amount of foreign currency that can come into a country. This is usually done to ensure stability in the money market of the country as well as to improve the balance of payments for the country.
One way of implementing exchange control is for all foreign currency to go through the Central bank of the country. Should a citizen need access to foreign currency, they would need to apply to the central bank to access it. With India having an exchange control system, the Reserve Bank of India keeps all foreign currency and Advika would have to apply for it should she need it.
Answer:
The answer is $138.92
Explanation:
Solution
Given that:
Daryl today's Age = 30
The Retirement Age = 64
The Total Monthly Deposits = ( 64 - 30 ) * 12 = 408
Now,
In case of 12% Compounded Monthly , Interest Rate per month = ( 12% / 12 ) = 1%
Then,
The Effective Interest Rate per year = ( 1 + 0.12/12 )12 - 1 = 1.1268 - 1 = 0.1268 = 12.68%
So,
The Present value of Annual 25 Years withdrawal of $100,000 at time of Retirement = $100,000 * PVAF ( 12.68% , 25 )
= $100,000 * 7.4864
= $748,642.20
The Present Value of Money for nephew at time of Retirement = $1,000,000 * PVF ( 12.68% , 25 )
= $1,000,000 * 0.050535
= $50,534.52
Now
The Present Value of total Amount Required at time of Retirement = $748,642.20 + $50,534.52
= $799,176.70
Now
The monthly deposit be X
Which is,
= X * FVAF ( 408 , 1% ) = $799,176.70
= X * 5752.85 = $799,176.70
X = $138.918
Therefore, Monthly Deposit for his retirement plan is = $138.92
Answer:
The answer is below
Explanation:
The graph is attached below.
a) The price elasticity of demand is given by:
price elasticity of demand = 

Price of elasticity demand = 
Price of elasticity demand = 
Since the price of elasticity demand > 1, it is elastic
b) Price of elasticity demand = 
Since the price of elasticity demand = 1, it is unitary
c) Price of elasticity demand = 
Since the price of elasticity demand < 1, it is inelastic
Explanation:
The calculation is shown below:
a. The proceeds from the short sale (net of commission) is
= Number of shares short sold x (price of short sale - commission paid per share)
= 100 shares x ($27.70 - 0.25)
= $2,745
b. The dividend payment is
= Number of shares × dividend per share
= 100 shares × $3.30
= $330
c. Value of an account is
= Proceeds from short sale, commission net - dividend paid - cost including commission
where,
Cost including commission is
= Number of shares short sold x (price of buying stock + commission paid per share)
= 100 shares × ($22 + 0.25)
= $2,225
So, the value of an account is
= $2,745 - $330 - $2,225
= $190
The correct answer is 2; Corinne would use the process of integration and sit everyone down together to talk it through.
Further Explanation:
Since this type of issue needs to be addressed immediately, Corinne would need to sit everyone down and talk it through to get to the bottom of the sexual advances. When she does this it is called the process of integration. During this process, she will discuss the employees concerns and take their statements.
During the discussion, the employees will be guaranteed anonymity. The complaints will all be taken seriously, and an investigation will be started immediately. The supervisor may be put on administration leave while the investigation is ongoing.
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