The practice in law-governed societies in which laws are known and understood, and there is an ability to appeal to higher authorities to ensure that the laws are applied correctly is called:
A) liability.
B) due process.
C) the courts of appeal.
D) accountability.
E) responsibility.
B
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Al Darby wants to withdraw $20,000 (including principal) from an investment fund at the end of each year for five years. How should he compute his required initial investment at the beginning of the first year if the fund earns 10% compounded annually?
a. $20,000 times the future value of a 5-year, 10% ordinary annuity of 1. b. $20,000 divided by the future value of a 5-year, 10% ordinary annuity of 1. c. $20,000 times the present value of a 5-year, 10% ordinary annuity of 1. d. $20,000 divided by the present value of a 5-year, 10% ordinary annuity of 1.
Which of the following would significantly affect a hotels water concumption?
a. on-site laundry facilities, kitchens, exercise rooms b. on-site laundry facilities, kitchens, cooling towers c. on-site laundry facilities, sprinkler systems, cooling towers d. anticipate a complete renovation of the property's plumbing system