To answer this question we are solving for T, time.. or age in this case!
Ending balance = beginning balance x (1+ annual rate of return)T
$42,856 = $1,500 x (1 + 0.53)t
T = 64.91 years
Rounding to the nearest year, you are about to turn 65 years old!
Answer and Explanation:
The journal entries are given below:
On May 1
Accounts receivable $1,300
To sales revenue $1,250
To Sales tax liability ($1,250 ×8%) $100
(Being the sales is recorded on account)
On May 15
Cash $3,564
To Sales revenue $3,300
To Sales tax liability ($3,300 ×8%) $264
(Being the sales is recorded on account)
On May 31
Cash $1,300
To Account receivable $1,300
(Being received payment on account due is recorded)
Africa has started exporting products that are not common in their country. These are vegetables and fruits which do not normally grow in Africa. The country has started exporting fruits and vegetables like snow peas, globe artichoke, Brussel sprout, passion fruit and pineapples to the European Nation. They were able to get money from this because these products have very high value in these countries.
Answer: Please refer to Explanation
Explanation:
The magazine The Economist publishes an article indicating that analysts expect the value of Canadian dollars to rise relative to Ethiopian birr.
-The Ethiopian Birr will DEPRECIATE in relation to the Canadian Dollar because the article will lead to a rise in demand for Canadian dollars and a drop in Demand for the Birr.
The central bank in Ethiopia announces that it is going to raise interest rates on government bonds.
-Ethiopian Birr will APPRECIATE relative to the CAD as the demand for the Birr will increase due to the attractiveness of it's bonds.
Based on a World Bank report, the inflation rate in Ethiopia is going to be 0% next year, while the inflation rate in Canada is going to be 10%.
- The Birr will APPRECIATE relative to the CAD because goods will be more expensive in Canada. This causes the demand for the Birr to rise as it is the preferred currency.
The price of a specific basket of goods in Ethiopia is roughly 1.9 times higher than an identical basket of goods in Canada, even after adjusting for the exchange rate.
- The Birr will DEPRECIATE relative to the CAD as a higher basket price indicates that the price is higher in Ethiopia than in Canada which will reduce the demand for the Birr increase that of the CAD.
Answer:
I'm pretty sure you should choose choices
B) more people start drinking orange juice for breakfast.
D) a new study suggests that orange juice is good for healthy bones.
