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3 years ago

The "invisible hand" refers to a. the government. b. the free market. c. central planners. d. large businesses.

Business

1 answer:

Gnom [1K]3 years ago

3 0

Answer:

Free market

Explanation :

In a free market economy, the law of organic market, as opposed to a focal government, manages generation and work.

the free market is a monetary framework dependent on organic market with next to zero government control.

In view of its political and lawful principles, a nation's free market economy may extend between extremely huge or altogether bootleg market.

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Determine the future amount if $240,000 is to be received 5 years from today, at 10 percent annual interest.

Novosadov [1.4K]

The future value of a given amount of money at a simple interest rate r% after t years is given by the formula: FV = PV(1 + rt), where PV is the present value of the money, r is the rate and t is the time.
FV = PV(1 + rt)
FV = 240000(1 + 0.1 x 5)
FV = 240000(1 + 0.5)
FV = 240000(1.5)
FV = 360,000

Therefore, the future amount of $240,000 received 5 years from today at 10 percent annual interest is $360,000

4 0

3 years ago

The cash account for American Medical Co. at April 30 indicated a balance of $334,985. The bank statement indicated a balance of

vampirchik [111]

Answer:

Missing word "The bank collected $42,000 on a $40,000 note, including interest of $2,000. A check for $7,600 returned with the statement had been incorrectly recorded by American Medical Co. as $760. The check was for the payment of an obligation to Targhee Supply Co. for a purchase on account. A check drawn for $240 had been erroneously charged by the bank as $420. Bank service charges for April amounted to $145. Instructions: Prepare a bank reconciliation."

Bank reconciliation statement

Particulars Amount ($)

Balance as per bank statement 388,600

Add: Deposit in transit 42,500

Add: Error in recording the check (420-240) 180 431,280

Less: Outstanding checks (61,280)

Adjusted balance as per Bank statement 370,000

Bank reconciliation statement

Particulars Amount ($)

Balance as per books 334,985

Add: Note collected 40,000

Add: Interest collected 2,000 376,985

Less: Error in recording check (7,600-760) (6,840)

Less: Service charges levied (145)

Adjusted balance as per books 370,000

8 0

3 years ago

What could it indicate if your startup has no competition performing similar businesses?

White raven [17]

It means the market is either brand new or it hasn’t been saturated it could also mean it’s not a good market to go into because there’s no demand

8 0

2 years ago

In recent years, wireless cellular telephones have been replacing land-line phone service. this is an example of

slavikrds [6]

This is an example of decline.
It has gone from being in maturity to being in decline.

8 0

3 years ago

On this question too I want to know if my answer is correct

Anna35 [415]

Answer:

The correct answer is letter "B": Each time you get paid, set aside money for savings before making any purchases.

Explanation:

In everyday life, the phrase "pay yourself first" means "give yourself a reward for something good you are doing". When it comes to business, the same phrase implies individuals should put money into savings before they consider spending it on something else.

6 0

4 years ago