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Marrrta [24]
1 year ago
11

a car is purchased for $43,000. each year it loses 25% of its value. after how many years will the car be worth $9200 or less? (

use the calculator provided if necessary.)
Business
1 answer:
Snowcat [4.5K]1 year ago
5 0

After a car is purchased at $43000 and looses 25% worth every year then the car will be worth $9200 or less after four(4) years.

What does Purchase mean?

Purchase is a term used to refer to the acquisition of goods or services in exchange for money. It is a common business transaction and can involve buying something outright or entering into an agreement to pay for it over time.

What does Services mean?

Services is a broad term that refers to any type of work or activity performed to meet the needs of a customer. Services can range from professional services like accounting or consulting to tangible products like food or clothing. Services are typically intangible in the sense that they cannot be touched, felt, or seen, but the benefits they provide are very real.

As per the price of the car which is $43,000  and it looses 25% each year which is $10750. From this we come to know that the car will  be worth of $9200 or less within 4 years.

To know more about Purchase,

brainly.com/question/27975123

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Answer:

<h2>The journal entry is shown below:</h2>

Explanation:

The journal entry for recording the establishment of the fund is as:

On September 1

Petty cash A/c.....................Dr   $250

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Being recording the petty cash in the books

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3 years ago
Logging and fishing are two occupations belonging to which economic sector?
alukav5142 [94]
Logging and fishing are two occupations belonging to the primary economic sector. 

The primary economic sector refers to jobs that are harvesting products from the earth for materials and food. Hunting, farming and mining are some other examples of primary economic sector positions. 
7 0
3 years ago
Linda O’Shay deposited $30,000 in a savings account as a perpetual trust. She believes the account will earn 7% annual interest
sweet [91]

Answer:

The uniform amount that can be used for scholaship, every year, first being at the end of the first year is $1,745.14

Explanation:

Hi, in order to find the amount that can be used to pay for school so the balance would last forever, given that $30,000 were left in the savings account, we need to solve for A the following equation.

PresentValue=\frac{A((1+r_{1} )^{n}-1) }{r_{1}(1+r_{1})^{n} } +\frac{A}{(r_{2})} \frac{1}{(1+r_{1})^n}

Where;

r1 = 7%

r2 = 5%

n = 10

PresentValue = $30,000

Everything should look like this:

30,000=\frac{A((1+0.07)^{10}-1) }{0.07(1+0.07)^{10} } +\frac{A}{(0.05)} \frac{1}{(1+0.07)^10}

30,000=A(7.023581541)+A(10.16698584)

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A=1,745.14

So, uniform amount that could be used for the student scholarship each year, beginning at the end of the first year and continuing forever is $1,745.14

Best of luck.

8 0
3 years ago
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yanalaym [24]

Answer:

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Explanation:

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Answer:

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