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Stels [109]
3 years ago
15

Identifying the needs a business will address is a good example of the _______ of the organization.

Business
2 answers:
Flura [38]3 years ago
8 0
The answer for this question is C.
never [62]3 years ago
3 0

Answer:

The answer is D: Purpose

Explanation:

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If an investment of $35,000 is earning an interest rate of 8.00%, compounded annually, then it will take for this investment to
Snowcat [4.5K]

Answer:

Therefore the required time period is 3 years.

Explanation:

To calculate the number of period we are using the following formula of future value

Future value = C_0(1+r)^n

C_0 is cash flow at period 0= $ 35,00

r = rate of interest = 8.00% = 0.08

n= number of periods = ?

Future value = $44,089.92

Substituting the values in the formula

44,089.92= 35,000(1+0.08)^n

\Rightarrow (1+0.08)^n=\frac{44089.92}{35000}

\Rightarrow(1.08)^n = 1.259712

\Rightarrow (1.08)^n=(1.08)^3

\therefore n= 3

Therefore the required time period is 3 years.

6 0
3 years ago
On May 7, Jernigan Company purchased on account 640 units of raw materials at $15 per unit. During May, raw materials were requi
Tema [17]

Answer:

Date               Account Title                                              Debit               Credit

May 7             Materials                                                 $9,600

                      Accounts Payable                                                            $9,600

<u>Working:</u>

= Units purchased * cost per unit

= 640 * 15

= $9,600

As the goods were purchased on account, they will be sent to accounts payable. Materials are assets so they will be debited when acquired.

3 0
3 years ago
Potential GDP is:
Eva8 [605]

Answer:

b. maximum amount of output that can be produced given the labor force, capital stock, and technology.

Explanation:

GDP refers to the gross domestic product which reflects the finalized value of the goods and services produced domestically

On the other side, the potential GDP refers to the maximum level of output that can be produced by considering the labor force, capital stock, technology by taking the constant inflation rate

Therefore option b is correct

7 0
3 years ago
producers often make minor changes in products and advertise them as new and improved. Why do they take this action?
aliya0001 [1]

Answer:

To combat decreasing marginal utility.

Explanation:

7 0
3 years ago
Pikes Peak is a ski resort in upstate New York. The company sells lift tickets, ski lessons, and ski equipment. It operates seve
KIM [24]

Answer and Explanation:

The journal entries are shown below:

a. Cash Dr $625,000

             To Short term note payable $625,000

(Being the borrowed amount is recorded)

b. Equipment Dr $26,000

           To cash $26,000

(Being the equipment is purchased for cash)

c. Supplies Dr $10,700

         To Account payable $10,700

(Being the purchased of supplies on account is recorded)

d. Repairs and maintenance expense $25,100

              To Cash $25,100

(Being cash paid is recorded)

e. Cash Dr $77,750

         To Unearned revenue $77,750

(Being the cash received is recorded)

f. Cash Dr $89,000

          To Service revenue $89,000

(Being the cash received is recorded)

g. Cash Dr $600

         To Unearned revenue $600

(Being the cash received is recorded)

h. Account payable Dr $5,350

          To cash $5,350

(Being cash paid is recorded)

i.  Salaries and wages expense $18,300

              To Cash $18,300

(Being cash paid is recorded)

4 0
3 years ago
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