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kramer
3 years ago
9

The saving habits of ben and arthur best illustrate which principle of saving?

Business
1 answer:
Aleksandr [31]3 years ago
5 0

This principle gives idea that an exact amount of money today has different buying power than the same amount of money in the future. This is because of both the opportunity to earn interest on the money and because the drive inflation will prices up. The two Best illustrate their saving habits are the length of time money is invested matters and the rate of return matters. 

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The function of the audio tools on the format contextual tab is to record narration
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Consumer protection is the movement to protect the valid interests of consumers and is a major force in small business today
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You are purchasing an equipment for $ 200,000 for your new store. Assume the store has no other expenses or revenues other than
djverab [1.8K]

Answer:

Negative cash balance of $210,000.

Explanation:

Given that,

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3 years ago
Cheyenne is a manager at her company. She listens to an employee, Enu, voice his opinion about a policy that he disagrees with.
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professional benefits

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Answer:

Dr Sales Revenue $843,779

Dr Interest Revenue $12,160

Cr Income Summary $855,939

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Cr Cost of Goods Sold $531,052

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Cr Income Tax Expense $36,772

Dr Income Summary $110,185

Cr Retained Earnings $110,185

Dr Retained Earnings $17,793

Cr Dividends $17,793

Explanation:

Preparation for the year-end closing entries.

Dr Sales Revenue $843,779

Dr Interest Revenue $12,160

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Dr Income Summary $745,754

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Cr Cost of Goods Sold $531,052

Cr Administrative Expenses $177,930

Cr Income Tax Expense $36,772

Dr Income Summary $110,185

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