Answer:
Interest per week=17.4%
Explanation:
Using equation
F=P(1+i)^n
where n is the time period,P is the present value and F is the future value
Given F=550,P=42 and n=16 solving equation we will get
i=17.4%
Answer:
Individualistic
Explanation:
Individualistic mindset focuses on the individual and gives them more emphasis than the group.
The opposite of individualism is collectivism or group mentality which emphasise the group over the individual.
To discuss the merger between the two companies, ABC company only sent one person while XYZ company sent 5 people from different departments.
ABC is most likely have a individualistic mindset and they feel one person can handle the negotiation.
On the other hand XYZ sent representatives from each department. This shows the organisation has to agree to the deal so all departments are involved.
Answer: Continuous innovation
Explanation: Continuous innovation as the name suggest, means the ongoing process of innovation on a particular product or industry with slight changes in each and every stage.
The minor innovations in the latest technology overtime is called continuous innovation. Automobile and mobile phones sector are industries depicting continuous innovation.
Answer:
Jan. 22
Dr Cash $7,140,000
Cr Common Stock $6,300,000
Cr Paid in capital in excess of par $840,000
Feb. 27
Dr Cash $180,000
Cr Preferred Stock $135,000
Cr Paid-In Capital in Excess of Par-Preferred $45,000
Explanation:
Preparation of the entries for January 22 and February 27.
Jan. 22
Dr Cash $7,140,000
(210,000*$34)
Cr Common Stock $6,300,000
(210,000*$30)
Cr Paid in capital in excess of par $840,000
($7,140,000-$6,300,000)
Feb. 27
Dr Cash $180,000
(15,000*$12)
Cr Preferred Stock $135,000
(15,000*$9)
Cr Paid-In Capital in Excess of Par-Preferred $45,000
($180,000-$135,000)
