If the Letters to Be Encoded Are L =

question 107

Essay

If the letters to be encoded are L =
,show that E(FL)= (EF)L.

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Definitions:

Expenses

Costs incurred by a business in the process of earning revenue, including costs such as rent, utilities, and salaries.

Equity

The remaining interest in a company's assets after all debts are subtracted, signifying the owner's stake in the business.

Dividends

Funds disbursed by a company to its stockholders, originating from the firm's profits.

Stockholders

Individuals or institutions that own shares in a corporation, making them owners of the company.