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kakasveta [241]
3 years ago
13

A country has been in existence for only two years. In the first​ year, receipts were​ $1.0 million and outlays were​ $1.5 milli

on. In the second​ year, receipts were​ $1.5 million and outlays were​ $2.0 million. At the end of the second​ year, the government had issued debt worth​ ______.
Business
1 answer:
KengaRu [80]3 years ago
4 0

Answer: $1 million

Explanation:

From the question, we are informed that a country has been in existence for only two years and that in the first​ year, receipts were​ $1.0 million and outlays were​ $1.5 million. Since outlays us more than revenue, it shows that there's a debt of ($1.5m - $1.0m) = $0.5 million.

In the second​ year, receipts were​ $1.5 million and outlays were​ $2.0 million. This also shows that there is a debt of $0.5 million.

At the end of the second​ year, the government had issued debt worth:

= $0.5 million + $0.5 million

= $1 million

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During its first year of operations, Mack's Plumbing Supply Co. had sales of $580,000, wrote off $9,300 of accounts as uncollect
mart [117]

Answer: $58600

Explanation:

The net income that would have been if the allowance method had been used, and the company estimated that 2.5% of sales would be uncollectible will be calculated thus:

= Reported net income + Uncollectible - (Sales × % Uncollectible)

= $63800 + $9300 - ($580000 × 2.5%)

= $63800 + $9300 - $14500

= $58600

5 0
3 years ago
Which the following consists of all the benefits a product will provide for consumers or business​ customers? A. Augmented produ
Lorico [155]

Answer:

The correct answer is: E. Attributes.

Explanation:

Characteristics of a product are considered, the particularities that must necessarily be part of its nature. If a change in a particularity does not determine that it is a different product, or that it can be traded independently, that particularity will be a characteristic.

We talk about attributes when the particularities that make up a product determine the existence of a different product if there is a change in them. Therefore, it will be possible to market the original product and the product with the changed attribute separately. For example, if color is an attribute, and the original product is blue. A red product can be marketed independently of blue.

The attributes of a product may be susceptible to many different classifications, to highlight the distinction between tangible attributes and intangible attributes of a product. In turn, physical and functional ones can be distinguished within tangibles. In this way we have a classification in physical, functional and psychological attributes. The latter being the characteristic intangible attributes of a product.

It is also common to talk about the distinction between intrinsic attributes, which usually coincide with physical attributes, and external attributes, which serve to identify the product.

Thus, physical attributes are understood as those related to the material aspects of a product while functional attributes are those related to the utilities or benefits of a product.

It is important to keep in mind that, as in the case of the distinction between attributes and characteristics, the distinction between physical attributes and functional attributes does not have absolute character. That is, the physical attributes of one product can be functional attributes in another.

6 0
2 years ago
You get an offer for a credit card that charges 13.99% interest APR, compounded monthly. What effective annual interest rate doe
nirvana33 [79]

14.9228% effective annual interest rate does this credit card charge.

What is interest?

Interest is the fee you charge for lending money or the expense of borrowing it. The actual amount plus interest must be paid, plus a percentage.

The annual interest rate formula is

EAR=(1+r/m)m−1

r = interest

m = monthly

EAR= (1+13.99% / 12)12−1

EAR= (1+0.139912)12−1

EAR = 0.149228

EAR = 14.9228%

Hence, the significance of the interest is aforementioned.

Learn more about on interest, here:

brainly.com/question/13324776

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3 0
10 months ago
What is a common association detection analysis technique where you analyze certain items to detect customers' buying behavior a
adelina 88 [10]

Answer:

Regression analysis

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Regression Analysis involves looking at past behavior to predict future behavior. By looking for predictors within past data, it can be determined  how well those factors can predict a future outcome.

5 0
2 years ago
Sumner sold equipment that it uses in its business for $30,000. Sumner bought the equipment a few years ago for $80,000 and has
Solnce55 [7]

Answer:

long-term capital loss 10,000

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80,000 purchase

(40,000) accumulate depreciation

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30,000 sales price

-10,000 loss

This is a long-term capital loss because the assets was in the company possesions for a longer time than 12 months.

6 0
3 years ago
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