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When would you need to use the Rule of 72?

kumpel [21]

The "Rule of 72" is a method used to determine how long an investment will take to double, given a fixed annual rate of interest. It is a shortcut to estimate the number of years required to double your money at a given annual rate of return. By dividing 72 by the annual rate of return, investors can get a rough estimate of how many years it will take for the initial investment to duplicate itself.

6 0

3 years ago

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John operates a running shoe company and has decided to segment his market into professional track runners, trail runners and re

kkurt [141]

The correct option is (c) benefit segmentation.

Benefits segmentation is a sort of market segmentation that divides consumers into groups according to the advantages and perceived worth of the products and services they can purchase. Additionally, it might entail classifying clients in accordance with functional advantages such features, quality, and customer service.

Benefit segmentation is a technique for market segmentation that entails dividing your customer base into groups according to the benefits customers perceive they will get from your product. This may entail classifying consumers in accordance with their perceived value for things like quality, features, customer service, etc.

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6 0

2 years ago

Tom Parkey has prepared the following list of statements about depreciation. Identify each statement as true or false.

kifflom [539]

Answer:

Explanation:

1) False. As depreciation is a process of cost allocation, not asset valuation.

2) True.

3) False. As the book value is different from market value and it can be more or less.

4) False. As depreciation applies only to building and equipment.

5) False. The correct statement ought to be depreciation does not apply to land because its usefulness and revenue-producing ability generally remain intact over time.

6) True.

7) False. Recognizing depreciation on assets results in an accumulation of cost for replacement of the asset.

8) True.

9) False. Accumulated depreciation is recorded in a balance sheet while depreciation expense is reported in the income statement.

10) False. As salvage value is the same as residual value, hence, it three factors affect the computation of depreciation.

7 0

4 years ago

On June 30, 2024, the Esquire Company sold some merchandise to a customer for $54,000. In payment, Esquire agreed to accept a 7%

Paraphin [41]

The income before income taxes is 2024 understated by $1,890 and 2025 overstated by $1,890.

<h3>Income before taxes</h3>

Esquire Company journal entries

June 30, 2024

Debit Note receivable $54,000

Credit Sales $54,000

Dec 31, 2024

Debit Interest receivable $1,890

Credit Interest Income $1,890

($54,000 x 7% x6/12)

March 31, 2025

Debit Cash $56,835

Credit Interest receivable $1,890

Credit Interest income $945

($54000 x 7% x 3/12 )

Credit Note Receivable $54,000

Therefore the income before income taxes is 2024 understated by $1,890 and 2025 overstated by $1,890.

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5 0

2 years ago

Gawain sa Pagkatuto Bilang 6. Magsaliksik ng isang paksa at bumuo ng

Gre4nikov [31]

Answer:

kalamidad pangayayari

50percent

30percent

60percent

5 0

4 years ago

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