Answer:
the United state has a comparative advantage in producing coal
Answer:
Dr accounts payable $2,300
Cr cash $2300
Explanation:
Initially the cost of the purchases=$4600
Returning half of the disc means the left for the discs actually bought is half of the invoice price of $4600 i.e $2,300
By not paying within the discount period implies that the debt stands at $2,300
Without mincing words,payment of $2,300 to the supplier automatically translates to debiting account payable with $2,300 and crediting cash account with the same amount.
The correct answer would :
Dr accounts payable $2,300
Cr cash $2300
This is missing from the options provided.
Answer:
It will take 1 year and 307 days to cover the initial investment.
Explanation:
Giving the following information:
Initial investment= $6,900
Cash flows:
Cf1= $4,200
Cf2= $5,100
Cf3= $6,300
Cf4= $5,500
Discount rate= 15%
<u>The payback period is the time required to cover the initial investment. We need to discount each cash flow.</u>
<u></u>
Year 1= 4,200/1.15 - 6,900= -3,247.83
Year 2= 5,100/1.15^2 - 3,247.83= 608.50
<u>To be more accurate:</u>
(3,247.83 / 3,856.33)*365= 307 days
It will take 1 year and 307 days to cover the initial investment.
Answer: The answer is $2,759.22
Explanation: From the question above, we have:
September 1st to January 1st is 4 months, this is 1/3 of a year which means that the student will earn:
=> 9/3 = 3%
3% interest for the money that is saved is the savings account. So the student must put in at least:
x + 3%x = 1400
x + 0.03x = 1400
1.03x = 1400
x = 1400 / 1.03
x = 1,359.22
Therefore, if the student saves $1,359.22 in the savings account By September 1st, she will have $1400 by January 1st.
Also, the student needs to make $1400 for the first semester. So overall she will need to make:
1,400 + 1,359.22 = $2,759.22 during the summer in order to ensure that she will have enough money to pay for both semesters.
Answer:
It will take 25.28 year to have enough to buy the car ( ignoring Inflation effect)
Explanation:
Current Deposit = PV = $49,000
Future Value = FV = $199,000
Interest Rate = r = 5.7%
Use following Formula
FV = PV ( 1 + r )^n
$199,000 = $49,000 ( 1 + 0.057 )^n
$199,000 / $49,000 = ( 1 + 0.057 )^n
4.06 = 1.057^n
Log 4.06 = n log 1.057
n = log 4.06 / log 1.057
n = 25.28
it requires 25.28 year to have an amount to buy the Ferrari.
