Answer:
$2,141.16
Explanation:
The formula and the computation of the future value is shown below:
Future value = Present value × (1 + rate)^number of years
where,
Present value = $1,600
Rate = 6%
Number of years = 5 years
So, the future value
= $1,600 × (1 + 0.06)^5
= $1,600 × 1.3382255776
= $2,141.16
Hence, the future value is $2,141.16
We simply applied the above formula to determine the future value
Answer: for one more unit of good x traded-off , an additional unit of good y can be produced.
Explanation: The production possibilities frontier is graphed as a curve with one of the commodities is shown on the x-axis, while the other is shown on the y-axis. The curve is made up of points at which the two commodities are being produced in different amounts, most efficiently using the limited resources that they require with keeping the production factor and technology the same for both commodities. A production possibility curve or frontier represents different values of two good that an economy can produce ,keeping the production factor and the technology constant .
The slope of production possibility curve shows the opportunity cost I.e how much of good y has to be given up in order to produce an extra unit of good x . If the production possibility curve is a straight line , it means that the slope is constant I.e to produce an extra unit of good x , there’s constant opportunity cost of good y to be given up .
Net income is also called net profit. Its formula is: Net income= Total Revenue-Total expensesTotal revenue: 1,000,000Total expenses and taxes: 500,000Net income= 1,000,000-500,000Net income= $500,000
The System.arraycopy(sourceArray,0,targetArray,0 source Array.length);<span>method copies the sourcearray to the targetarray.</span>
Answer: $1040
Explanation:
You would debit the accounts receivable for the entire amount of the sale.
then you would credit the sales account for the sales amount (minus the sales tax amount)
the add a credit to the sales tax liability account for the amount of sales taxes