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jek_recluse [69]
3 years ago
7

according to the rule of 72, if Beth invests $200 and $1300 into two separate accounts with the same interest rate, which amount

will double faster?
Business
2 answers:
Minchanka [31]3 years ago
4 0
$1300 if it doubles imat the same rate
fomenos3 years ago
4 0
Both will double at the same rate
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You have been asked to help King Company make the necessary journal entry to record the purchase of office furniture for a $170
Marina CMI [18]

Answer:

Debit Office Furniture account    $710

Credit Cash account                    $170

Credit Accounts payable             $710

Being entries to recognize office furniture partly paid for.

Explanation:

When items are purchased using cash, the corresponding credits in such transactions are recorded in the cash account. Where the item is purchased on account (or credit), the credit is posted to accounts payable.

Total worth of the office furniture = $170 + $540 = $710

The total debit for this will be recorded in the office furniture account.

Hence to recognize the transaction,

Debit Office Furniture account    $710

Credit Cash account                    $170

Credit Accounts payable             $710

Being entries to recognize office furniture partly paid for.

3 0
3 years ago
Sally opened her own business and resigned from a job paying $25,000 per year. Her savings acccount pays 8% interest, but she wi
DiKsa [7]

Answer:

A) They would be indifferent, as Sally's income net of costs equals $25,000.

Explanation:

Sally's economic profit = accounting profit - opportunity costs

  • accounting profit = $12,000
  • opportunity costs = $25,000 - $15,000 in lost salaries + $2,000 (lost investment revenue) = $12,000

economic profit = $12,000 - $12,000 = $0

Since the economic profit is $0, Sally should be indifferent between running her own business or working for someone else.

7 0
2 years ago
The investment most affected by local conditions is:
Tems11 [23]

Savings accounts . . .
     interest rates are most determined by the state of
         the national economy.

Mutual funds . . .
Treasury bills . . .
     traded on nationwide exchanges; prices and returns
        are pretty uniform nationwide.

Real estate . . .
     rests directly on local conditions in each city, and sometimes even in
        different parts of the same city;
     affected by things like local unemployment, local bad weather,
        local price of gas, local tourism, local special events, etc.

4 0
3 years ago
Read 2 more answers
The concept of splitting time, energy and other resources between career activities and family or personal activities is known a
JulijaS [17]

Answer:

organized planning

Explanation:

8 0
3 years ago
You are faced with the following alternative choices on Saturday afternoon. You can only do one of these activities. None of the
garri49 [273]

Answer:

Missing out on the benefits I get from working out using exercise equipment in my garage.

Explanation:

When an option is chosen from alternatives, the opportunity cost is the "cost" incurred by not enjoying the benefit associated with the best alternative choice. The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative is chosen." Since Choice B is the next best choice to hiking, missing out on the benefits of working out will be my opportunity cost.

3 0
3 years ago
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