Answer:
d. 2900
Explanation:
<u>We first need to calculate the net income:</u>
cash revenue 29,000
credit revenue 18,000
total revenue 47,000
cash operating expenses 25,000
accrued expenses 2, 100
total expenses (27,100)
Net income 19,900
<u>now we can calcualte the retained earnings</u>
Beginning RE 0
+ Net Income 19,900
<u> - Dividends </u> <u> (17,000) </u>
Ending RE 2,900
Answer:
A. Car insurance, rent, student loan payments.
Explanation:
I took the test :)) <3
Answer:
<u></u>
Explanation:
If<em> the investment yield 6% per year</em>, each year its value is multiplied by 1.06.
After 2 years, the value is multiplied by 1.06², after 3 years it is multiplied by 1.06³, and so on.
After n years, the value is multiplied by 1.06ⁿ.
You want that <em>the investment quadruples</em>, thus the multiplicative factor is 4, meaning that you want to solve for:
If you do not know logarithms, you can solve by succesive iterations:
- 1.06² = 1.1236
- 1.06⁴ = 1.2625
- 1.06¹⁰ = 1.79
- 1.06²⁰ = 3.2
- 1.06³⁰ = 5.7
- 1.06²⁵ = 4.29
- 1.06²⁴ = 4.05
- 1.06²³ = 3.82
Thus, <em>if an investement yields 6% per years</em>, it takes 24 years t<em>he investment to quadruple in value.</em>
If you know logarithms, you can make n the subject of the equation:

Again, the solution is 24 years.
Answer:
(A) Jean has absolute advantage in baking cakes 12 to 10
(B) Vincent comparative advantage in baking pizza as his opportunity cost is lower: 0.5
(C) Jean absolute advantage in making pizza: 8 to 5
(D) Jean comparative advantage in making pizza
Explanation:
(A) jean bakes 12 cakes per hour while Vincent bakes 10
(B) it willl be the pizzas it renounce to do for baking:
Vincent: 5/10 = 0.5 opportunity cost for baking: make 0.5 pizzas
Jean 8/12 = 2/3 = 0.66 opportunity cost for baking: makie 0.66 pizza
(C) Jean makes 8 pizzas while Vincent does 5
(D) As Vincent has a lower opportunity cost for baking, it will have a higher opportunity cost for making pizzas. Thus, Jean will be comparative advantage