If the compounding period is less than one year, the annual interest rate must be converted to the compounding period interest rate by dividing the annual rate by the number of compounding periods per year.

How would you explain to a new paralegal the importance of proofing and editing her legal writing?

What will be an ideal response?

Profit maximization as the goal of the firm is not ideal because ________

A) profits are only accounting measures B) cash flows are more representative of financial strength C) profit maximization does not consider risk D) profits today are less desirable than profits earned in future years