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lidiya [134]
4 years ago
7

At the end of a full year mary garber had $6248.95 in her saving account. If the rate of interest was 12.253%, how much money di

d Mary have in the bank at the beginning of the year?
Business
1 answer:
allochka39001 [22]4 years ago
4 0

Answer:

$5,566.84

Explanation:

to determine the amount of money that Mary had in her account at the beginning of the year we can use the resent value formula:

present value (PV) = future value (FV) / (1 + interest rate)ⁿ

where:

  • FV = $6,248.95
  • interest rate = 12.253%
  • n = 1

PV = $6,248.95 / (1 + 12.253%) = $6,248.95 / 1.12253 = $5,566.84

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Answer:

The correct answer is option d.

Explanation:

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This will cause the industry supply to decline.  

The industry supply curve will move to the left.  

The new supply curve will intersect the demand curve at a higher point.

This leftward shift in the supply curve will cause the equilibrium price to increase and equilibrium quantity to decline.

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3 years ago
Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $2,800 account of a customer
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Explanation:

The Journal entry is shown below:-

On Jan 31

Allowance for doubtful accounts $2,800

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(Being the uncollectible amount is recorded)

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               To  Allowance for doubtful accounts $2,300

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7 0
3 years ago
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What is financial risk?
Rashid [163]

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3 years ago
Use demand and supply diagrams (with proper labels and arrows) to show the effect of
Arte-miy333 [17]

Answer:

Please check the attached images for the graphs

Explanation:

a.DVD players and DVDs are complements

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b. As a result of the report, the demand for chocolate candy bars increases. This would lead to a rightward shift of the demand curve. Equilibrium price and quantity would increase

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d. As a result of the automation, there would be less need for unskilled labour. As a result, the demand for unskilled labour would fall. This would lead to a leftward shift of the demand curve. Equilibrium price and quantity would fall.

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5 0
3 years ago
The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end,
nydimaria [60]

Answer: $186,000

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= $186,000

4 0
3 years ago
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