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3 years ago

Time span during which cash is paid for goods and services which are then sold to customers

1 answer:

8 0

Operating Cycle.
It is the normal timeframe required for a business to influence an underlying expense of money to create to products, offer the merchandise, and get trade from clients out trade for the products.
We can likewise say that it is the quantity of days an organization takes in understanding its inventories in real money. It is same as the time taken in offering inventories in addition to the time taken in recuperating money from exchange receivables.

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A friend asks you what sort of interest-simple or compound- is better. What would your answer be, and why?

Bas_tet [7]

Answer:

Compound interest is better than simple interest

Explanation:

Compound interest is better than simple interest especially when it comes to investing. Funds grow at a faster rate in compound interest than simple interest.

Simple interest is the interest on only the principal while compound interest is the interest on principal and on the previous accumulated interest (that is, interest on interest).

The formula for simple interest is:

P x r x t

Where P is the principal

r is the interest rate

t in the time.

For compound interest:

A=P(1+r/n)^nt.

A is the amount after compounding.

P is the principal.

r is the interest rate

n is the number of times interest compounds(adds up) per year

t is the number of years.

3 0

2 years ago

On November 1, 2021, Jamison Inc. adopted a plan to discontinue its barge division, which qualifies as a separate component of t

skad [1K]

Answer:

d. $67 million.

Explanation:

The asset is not impaired because the fair value is higher than the book value. Therefore, the only operating loss of $67,000,000 can be reported.

Particulars Amount

Operating Loss(Jan 1 to 31 Dec 2021 $67,000,000

Before Tax loss on discontinued operation $67,000,000

Hence, Jamison would report a before-tax loss on discontinued operations of $67,000,000.

7 0

3 years ago

Find the future values of these ordinary annuities. Compounding occurs once a year. Round your answers to the nearest cent. $200

PIT_PIT [208]

Answer:

Normal:

$ 3,509.7470

$ 563.7093

$ 2,000.00

Due:

$3,930.9167

$ 597.5319

$ 2,000.00

Explanation:

We solve using the formula for common annuity and annuity-due on each case:

$C \times \frac{(1+r)^{time} }{rate} = FV\\$

$C \times \frac{(1+r)^{time} }{rate}(1+rate) = FV\\$ (annuity-due)

First:

C 200.00

time 10

rate 0.12

$200 \times \frac{11+0.12)^{10} }{0.12} = FV\\$

$200 \times \frac{11+0.12)^{10} }{0.12}(1+0.12) = FV\\$

Normal: $3,509.7470

Due: $3,930.9167

Second:

$100 \times \frac{(1+0.06)^{5} }{0.06} = FV\\$

$100 \times \frac{(1+0.06)^{5} }{0.06} (1+0.06)= FV\\$

$563.7093

$597.5319

Third:

No interest so no time value of money the future value is the same as the sum of the receipts regardless of time or being paid at the beginning or ending.

1,000 + 1,000 = 2,000

4 0

2 years ago

The Texas state _________ commissioner is an elected official responsible for administration and oversight of state-owned lands

kramer

Answer:

Land.

Explanation:

In the U.S. State of Texas, the Texas General Land Office is an agency of the Texas state. This agency is responsible for overseeing lands and mineral rights resources that are under the ownership of the state. This agency is headed by the Land Commissioner of the Texas State. The constitutional purpose of the agency was to "supervise, execute and employ all acts that touch the public lands of Texas.

8 0

3 years ago

Explain how a person who pursued a career in accounting could succeed as an entrepreneur.

rosijanka [135]

Answer:

own their own accounting business

4 0

2 years ago