
With continuous interest,

where
F=future value
P=principal = 1000
r=rate=5%
t=time=3 years




Answer: The accumulated amount after three years is
$1161.83
<span>The demand for gold toe socks is likely to be more elastic than the demand for power tools because, generally speaking, power tools would be a bit more expensive than gold toe socks would be, and they also may have more substitutes than power tools would have.</span>
Answer:
Debit to loss on sale of equipment of $20,000
Explanation:
Data provided in the question:
Selling cost of the equipment = $100,000
Cost of the equipment = $300,000
Accumulated depreciation of the equipment = $180,000
Now,
The book value of the equipment
= Cost of the equipment - Accumulated depreciation
= $300,000 - $180,000
= $120,000
Therefore,
Proceeds for selling
= Selling cost of the equipment - Book value of the equipment
= $100,000 - $120,000
= - $20,000
Here, the negative sign depicts a loss
Hence,
The company’s journal entry to record the sale of the equipment would include a Debit to loss on sale of equipment of $20,000
Answer:
The line on the graph will be parallel to the pre-subsidy line and the new constraint will then be equal to the points connecting the two lines.
Explanation:
The subsidy by government to single parents is $3 per hour for up to 8 hours. The total of subsidy will be $16 for each day. The labor force who were not receiving the subsidy before had steep indifference curve but now few workers will find utility maximization with flatter indifference curve so the workers will join the subsidy program.
Answer:
D. Top management
Explanation:
The top management of a company has the duty to oversee the entire company's operation. They are also the one that make a decision which will heavily influence the company's position in the future.
A decision for company to do business with subsidiaries with another country possess a lot of risk. It tends to require a lot of investment but with equally higher return. Decision with this magnitude will most likely fall to the hands of the top managers in the company.