Answer: Please refer to Explanation
Explanation:
A shoe manufacturer merges with a media and entertainment corporation.
This kind of merger is a CONGLOMERATE MERGER. This is a type of Merger where 2 or more companies merge operations even though they have no evident relationship. A merger is classified here if it is neither Horizontal nor Vertical. At first glance it might make little sense, but such mergers can extend a Company's reach and open up new product lines.
A newspaper publisher merges with a paper and pulp mill.
This is a VERTICAL MERGER. This is a type of Merger that occurs when the parties merging are at different stages in the Supply Chain such as Producer and Distributor. It's main benefit is that it improves efficiency as products can be rolled out faster. In this case, the Newspaper will get paper at a cheaper and faster rate to enable cost reduction in the Newspaper printing section.
In 1999, two large oil companies merged to form a single company.
This is a HORIZONTAL MERGER. As the term implies, this refers to the merging if companies on the SAME LINE so to speak because they sell similar products and cater usually to the same market. This is usually done to reduce competition and corner the market.
Answer: APR = 7.8%
Explanation:
Initial money in account = $72000
After 5yrs it becomes $100,000
Interest in 5yrs = $100,000 - $72,000
= $28,000
Interest per year = $28,000/5 = $5600
APR = 5600/72000 x 100%
= 0.078 x100% = 7.8%
Answer:
a. The Debit column is correctly stated.
b. The Credit column is understated by $17,300 ($8,650 * 2).
c. The Automobiles account balance is correctly stated in the trial balance.
d. The Accounts Payable account balance is understated in the trial balance by $17,300 ($8,650 * 2).
e. If the Debit column total of the trial balance is $200,000 before correcting the error, the total of the Credit column before correction is $182,700.
Explanation:
This mistake is an Error of Commission. It is a problem of arithmetical accuracy, for example, posting to the wrong side of one ledger account. In this case, the Accounts Payable should have been credited with the amount of $8,650. As an arithmetic error, it can only be corrected by doubling the affected amount on the Credit side of the Accounts Payable account.
<span>To find the compound interest of an investment you have to use this formula, A = P(1 + r/n)^nt, where A is the total amount you have after the investment period, P is the amount you invest or the amount you put in, r is the rate of the of the compound interest in this case 10%, n is the amount of time the interest will be compounded for example, 4 months a year(quarterly) or 6 months a year(semi annually), and t is the amount of time you invest in years.
So in this case you are going to substitute everything in the formula with their given value. So P = $700, r = 10%, n = 21 (because it is the number of months we invest for), and t = 2 years (because 21 months fit perfectly in 2 years, and t must always be in years). The resulting formula will be A = $700(1 + 0.1/21)^(21 x 2), which will give you an answer of $855 rounded to the nearest dollar.</span>
What are three characteristics of a demand curve?
Answer: The three characteristics of a demand curve are price, quantity, and demand. When drawing a demand curve the price is drawn on the vertical axis and quantity demanded is on the horizontal axis. This graph is very helpful in a free market economy. It clearly shows the relationship between the price of a service or product and the amount of it that people are willing to purchase or pay for.
I hope it helps, Regards.