If a family spends $56,000 a year for living expenses. If prices increase 5 percent a year for the next four years, the amount that the family need for their annual living expenses after four years is $68,068.35.
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Annual living expenses</h3>
Using this formula
Amount=Amount spent× (1+ rate)^ Number of years
Let plug in the formula
Amount=$56,000× (1+0.05)^4
Amount=$56,000× (1.05)^4
Amount=$68,068.35
Therefore If a family spends $56,000 a year for living expenses. If prices increase 5 percent a year for the next four years, the amount that the family need for their annual living expenses after four years is $68,068.35.
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Answer:
Journal Entry
Date Description Debit Credit
Depletion expenses $85,260
Accumulated Depletion $85,260
Explanation:
Total cost of MIne
Cost of acquisition $464,000
intangible development cost 116,000
Obligation cost 92,800
salvage value <u> (185,600)</u>
<u> 487,200</u>
Depletion cost per ton = $487,200/4640 tons
= $105/ton
Depletion expenses for the year = $105 x 812 = $85,260
Answer:
gaining their respect and trust establishing goals roles and requirements
Answer:
Quantity, location and weather
Explanation:
The concept of the ceteris paribus, is vital in economics as in the real world, it is generally hard to isolate all the variables that are different, and might change the result or outcome.
The ceteris paribus is the simplification, which include holding other things ( both outside as well as inside the model) constant. In this situation, all variables except price and the color are held constant. In this example, such as quantity, weather and location are held constant.
