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4 years ago

1. Put the steps for creating a Trial Balance in the correct order.

1 answer:

8 0

C.prepare a list of ledger accounts used in the business
b.balance the ledger accounts
a.total the debit column of the trial balance and then total the credit column of the trial balance
d.transfer.the ledger accounts To a trial balance or list the balance account. if the ledger account shows a debit,balance the debit side of the trial balance.if the ledger account shows a credit,balance the credit side of the trial balance.

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Your parents will retire in 27 years. They currently have $280,000 saved, and they think they will need $1,900,000 at retirement

Ivahew [28]

Answer:

Annual Rate=7.35%

Explanation:

Calculation for the annual interest rate must they earn to reach their goal

Number of years =27

PV =280,000

FV =1,900,000

Using this formula

Annual Rate=(FV/PV)^(1/n)-1

Let plug in the formula

Annual Rate=(1,900,000/280,000)^(1/27)-1

Annual Rate=6.7857^(1/27)-1

Annual Rate=1.07349-1

Annual Rate=0.0735

Annual Rate=7.35%

Therefore the annual interest rate must they earn to reach their goal will be 7.35%

3 0

3 years ago

The Cookie Co. would like to sell 500 shares of stock using the Dutch auction method. The bids received were Bidder A, 200 share

liberstina [14]

Answer:

$19,700

Explanation:

The total proceeds from the auction will be calculated as follows:

A. 200 shares for $40 = 200 shares * $40 = $8,000

B. 300 shares for $39 = 300 shares * $39 = $11,700

This makes a total of 500 shares at a total proceeds of $19,700

In Dutch auction method rate per share is noted by the auctioneers to calculate the highest proceeds which can be generated through the auction. The bid from the highest rate are entertained first and in this case bidder A and B are selected.

8 0

4 years ago

When starbucks announced that it would release a new single-serve coffee maker called verismo for sale in its u.s. outlets, it w

KIM [24]

Starbucks uses a product development strategy when it announced the release of the single-serve coffee maker in its outlets at the United States. This is because they plan to offer a new product, which is an improvement to the existing coffee maker devices in the U.S. market.

3 0

3 years ago

Care facilities are expensive. Your mother wants a single room with her own bath-room. The annual estimated cost is $100,000, bu

Shtirlitz [24]

Answer:

$3,384.31

Explanation:

first of all we must determine how much money do you need to pay for 3 years of the facility:

PV = $100,000 x 2.6730 (PV annuity factor, 6%, 3 periods) = $267,300

if your mother does not invest more money, she will have $200,000 x (1 + 6%)⁴ = $252,495

this means that your mother will be $267,300 - $252,495 = $14,805 short

her annual contribution = $14,805 / 4.3746 (FV annuity factor, 6%, 4 periods) = $3,384.31

8 0

3 years ago

Consumers having more money to purchase computers will most likely result in?

Softa [21]

Answer:

an increase in prices for computers and computer accessories

Explanation:

An increase in income leads to increased demand for products and services. Consumers can afford to buy more products because their disposable income has increased. Should demand increase without a corresponding increase in supply, prices are likely to rise.

Computers and computer accessories are complementary products. These are goods that are used together. An increase in demand for one product results in increased demand for the other. Should consumers have more money to buy computers, the demand for computers will increase, and their prices will also increase.

6 0

3 years ago

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