Use contracting theory to explain why firms (i. e., boards of directors acting on shareholders’ behalf) would prefer to allow managers a set pf accounting policies (e. g., gaap) from which to choose, rather than completely prescribe accounting policy choice so that managers have no flexibility to choose policies. use contracting theory to explain why managers may also prefer to have a choice of accounting policies.

Starting at age 30, you deposit $2000 a year into an ira account for retirement. treat the yearly deposits into the account as a continuous income stream. if money in the account earns 7%, compounded continuously, how much will be in the account 35 years later, when you retire at age 65? how much of the final amount is interest?

The strength of the economy depends on the balance pf production and consumption of goods and consumption of goods and services

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?