Answer:
Amount of net income would be $28,050
Explanation:
First year:
Sales = $260,000
Write off = $4,000
Reported net income = $28,600
Second year:
Sales = $312,00
Write off = $4,800
Reported net income = $31,200
Amount of net income if the allowance method had been used, and the company estimated that 1-3/4% of sales would be uncollectible:
= $28,600 + $4,000 – ($260,000 × 1-3/4%)
= $28,600 + $4,000 - $4,550
= $28,050
Answer:
<u>Increase in demand, then increase in prices</u>
Explanation:
Note that the law of demand and supply also applies to the housing market.
Thus when developers notice increase in the demand for houses; leading to an increase in prices for houses, this necessitates the increase in developer construction so as<em> to make more profit.</em>
Remember, this developers likely had undeveloped land they bought for some time, and so its an opportunity to reap more investments.
Answer:
FV = PV (1 + r) ^ n and $815.61
Explanation:
The amount of cash which will have accrued by a given date resulting from earlier single sum or period investments is known as the Future Value (FV) and represented by the following function :
FV = PV (1 + r) ^ n
where,
PV = Principle amount
r = interest rate
n = number of periods for which investment is to receive interest
Using the Function we can determine the amount Michael have in his account after 6 years :
FV = PV (1 + r) ^ n
= $600 x (1.0525) ^6
= $815.61
It’s the second option 1 and 4
Answer: Its a b and c just took it on edunuity
Explanation: