Answer:
FV= $6,308.12
Explanation:
Giving the following information:
Semiannual deposit= $1,000
Number of periods= 6
Interest rate= 4%= 0.04= 0.04/2= 0.02
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= semiannual deposit
FV= {1,000*[(1.02^6) - 1]} / 0.02
FV= $6,308.12
<u>In a financial calculator:</u>
Function: CMPD
Set: End
n= 6
i= 2
PV= 0
PMT= 1,000
FV= solve= 6,308.120963
<span>The human population grew from 1 billion in the year 1800 to 6 billion in the year 2000. People are living longer than they ever have with newer medical practices. Families are also having more children.</span>
Answer and Explanation: From the given case/scenario we can state that, Brenda is an <em>effective manager
. </em>Brenda Kraft has been known to completing high no. of projects and accomplishing every goal possible. These factors have played a key role in here being an effective manager. Although from the given information, nothing can be said about her efficiency, i.e. efficient manager tends to be incorrect since completing several projects does not reveal anything about their efficiency.
Answer:
Date Account and explanation Debit Credit
Dec 31 Prepaid insurance $10,000
($12000*30/36)
Insurance expense $10,000
Dec 31 Depreciation expense $15,000
Accumulated depreciation-Equipment $15,000
Dec 31 Salaries expense $18,000
Salaries payable $18,000
Dec 31 Interest expense $4,000
($200000*12%*2/12)
Interest payable $4,000
Dec 31 Deferred rent revenue $1,000
($3000/3
Rent revenue $1,000
Dec 31 Rent revenue $2,000
Deferred rent revenue $2,000
Answer:
Forey competes in a Monopolistic Industry.
Explanation:
An industry wit high degree of competition reflects either a perfectly competitive market structure or a monopolistic competitive one. The company in question operates in competition with many other firms in an industry where entry has been easier to allow many firms to enter and operate.
The four-firm concentration ratio and Herfindahl-Hirschman Index are small which suggests absence of concentration.
Rothschild Index for this industry is significantly greater than zero which indicates that this industry cannot be perfectly competitive.
Therefore, the market structure that best characterizes the industry in which Forey competes is a MONOPOLISTICALLY COMPETITIVE one.