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3 years ago

9

A formalized report that summarizes your current financial situation, analyzes your financial needs, and recommends future finan

cial activities is a

1 answer:

Bezzdna [24]3 years ago

4 0

Answer:

financial plan.

Explanation:

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A chemist is studying the effect of acid rain on the steel in bridges. why would she most likely use rate laws in this study?

ipn [44]

The reaction between the acid rain and the metal comprising the bridge, in this case steel is an example of single replacement reaction which eats out the metal to produce other sorts of substance such as rusts and other deposits. She is most like to use the rate laws because this will allow her to identify up to what extent can the reaction proceed and the time it will take for all the metals to be eaten out.

7 0

3 years ago

Partially correct answer iconYour answer is partially correct. This information relates to Windsor Co.

I am Lyosha [343]

1. Dr Merchandise inventory 25100

Cr Accounts payable 25100

(To record purchase of inventory on account)

2. Dr Merchandise inventory 530

Cr Cash 530

( To record freight cost )

3. No entry

4. Dr Accounts payable 3600

Cr Merchandise inventory 3600

( To record purchase return)

5. Dr Accounts payable ( 25100-3600) 21500

Cr Cash 21500

(To record paid the amount due).

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3 years ago

The ____, an accord among 117 nations, called for lower tariffs around the world. a. European Union Accord b. North American Fre

Tatiana [17]

Answer:

The correct answer is letter "C": General Agreement on Tariffs and Trade (GATT).

Explanation:

The General Agreement on Tariffs and Trade (<em>GATT</em>) is a treaty effective from 1948 that pursues fairness when it comes to international trade by reducing tariffs and that promotes equal treatment among countries. The GATT was replaced by the World Trade Organization (<em>WTO</em>) in 1995 under the same objectives but with more participation of the member nations.

8 0

3 years ago

The present value of an annuity considers which of the following factors? I. the timing of each cash flow II. the amount of each

Nitella [24]

Answer:

All of them.

Explanation:

For considering the annuity formula we can determinate all the proposed factor:

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

C represent II the amount of each cash flow

r = represent the discopunt rate

while time or "n" represent the numebr of cashflow we have to calcualte the present value.

The timing refer wether the payment are made at the beginning or end of the period.

When made at the beginning it is an annuity-due

and the (1+r) factor multiplies the previous formula to represent the addtional period of capitalization each cashflow has or the one period less to discount for each cashflwo in cases of prresent value.

8 0

3 years ago

Suppose Ernie gives up his job as financial advisor for P.E.T.S., at which he earned $30,000 per year, to open up a store sellin

8_murik_8 [283]

a) Ernie's accounting profit is <u>$40,500</u>.

b) Ernies economic profit is <u>$10,500</u>, excluding the salary forgone (opportunity cost) from the accounting profit.

<h3>What is the difference between accounting profit and economic profit?</h3>

The difference between accounting profit and economic profit is that accounting profit does not consider the opportunity costs, which economic profit factors in.

Accounting profit is narrower in concept than economic profit. It is simply revenue minus total costs without opportunity cost.

Economic profit, on the other hand, includes the opportunity costs in the total costs.

<h3>Data and Calculations:</h3>

Salary per year at P.E.T.S = $30,000

Annual interest from savings = $500 ($10,000 x 5%)

Revenue in the new business = $50,000

Explicit costs = $10,000

Accounting profit = $40,500 ($50,500 - $10,000)

Economic profit = $10,500 ($50,500 - $10,000 - $30,000)

Thus, Ernie's accounting profit is <u>$40,500</u> and the economic profit is <u>$10,500</u>.

Learn more about accounting profit and economic profit at brainly.com/question/27113609

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4 0

1 year ago