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beks73 [17]
3 years ago
11

Future value of an annuity: Carlos Menendez is planning to invest $3,500 every year for the next six years in an investment payi

ng 12 percent annually. What will be the amount he will have at the end of the six years? (Round to the nearest dollar.)
Business
1 answer:
emmainna [20.7K]3 years ago
8 0
7 is the annual rate for 6 years
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Mayfair Co. allows select customers to make purchases on credit. Its other customers can use either of two credit cards: Zisa or
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June 4 Sold $650 of merchandise (that had cost $400) on credit to Natara Morris.

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June 4

Dr Cost of goods sold 400

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5 Sold $6,900 of merchandise (that had cost $4,200) to customers who used their Zisa cards.

June 5

Dr Accounts receivable 6,693

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June 5

Dr Cost of goods sold 4,200

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June 5, after Zisa transfers the money

Dr Cash 6,693

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June 6

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8 Sold $4,350 of merchandise (that had cost $2,900) to customers who used their Access cards.

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10 Submitted Access card receipts accumulated since June 6 to the credit card company for payment.

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13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $429 balance in McKee’s account stemmed from a credit sale in October of last year.

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Dr Bad debt expense 429

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Answer:

D) make mutual investments in specialized assets.

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I'm not sure about the exact background of the question, but if you are trying to build a trust relationship with another company, the best way to do it is by investing together.

E.g. if company A is interested in securing an important supplier, instead of trying to acquire it, they might try to invest together in some assets or another business. That way, when it comes to deciding which company should receive discounts or prioritize their requirements, the supplier will always favor their business partners.

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Considering the automobile analysis, the 2022 Altima's X-Tronic CVT includes adaptive ratio control, which "<u>varies transmission response depending on the driving situation."</u>

<h3>The 2022 Altima's X-Tronic CVT </h3>

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The 2022 Altima's X-Tronic CVT comes with adaptive ratio control, which "<u>varies transmission response depending on the driving situation</u>, "enhancing the ease of navigation system when driving through the road.

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