Answer:
Explanation:
The present value formula is:
Assuming annual compounded interest, r = 9% = 0.09 and n = 68 years.
Substituting and computing:
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Answer:
The correct answer is: relative scarcity.
Explanation:
Relative scarcity refers to the basic economic problem that our wants are unlimited while our resources -<em>land, labor, capital, and entrepreneurship</em>- are limited. As there is an imbalance between our wants and our resources, individuals must compare one good over the other to analyze what is the advantage of acquiring one over the other. The solution is a trade-off.
Answer:
stem from cost-saving strategic fits along the value chains of related multiple businesses.
Answer:
d is the right answer if the question
Answer: The balance in the Income Summary account prior to closing net income or loss to the Martinville, Capital account is $5,000(credit).
Explanation:
Given that,
Company earned revenues = $ 10,000
Incurred expenses = $ 5,000
Withdraw amount for personal use = $ 3,000
Balance in the Income Summary account:
= Earned revenue - Incurred expenses
= $ 10,000 - $ 5,000
= $5,000(credit)
∴ The balance in the Income Summary account prior to closing net income or loss to the Martinville, Capital account is $5,000(credit).