Answer:
b. a market of potential Tesla customers
Explanation:
- As given all friend afford to buy a Tesla Model 3 and unwilling to pay the current price so group of friends is a market of potential Tesla customers
- A potential market is a group of people from the entire population who show some interest in buying a particular product or service.
- so correct option is b. a market of potential Tesla customers
Answer:
September 1, 202x, petty cash fund established
Dr Petty cash fund 220
Cr Cash 220
September 10, 202x, petty cash expenses and replenishment of petty cash fund
Dr Postage expenses 78
Dr Supplies expenses 51
Dr Cash short and over 15
Cr Cash 144
September 15, 202x, petty cash fund is increased
Dr Petty cash fund 85
Cr cash 85
According to the given statement in 10 years you will make $247.53
<h3>What precisely is compound interest?</h3>
Compounding is when you earn a return on both your savings and your interest. Assume you put $1,000 (your principal) into an account that earns 5% (rate of interest or earnings) once per year (the compounding frequency).
<h3>How does interest get compounded?</h3>
Compound interest is calculated by dividing the initial loan balance, or principal, by one plus the yearly interest rate multiplied by the number of compound periods divided by one. This will give you the total loan amount plus compound interest.
<h3>According to the given information:</h3>
Calculating Compound Interest:
FV = PV(1 + r)ⁿ
To find FV.
= 75(1.01)¹²⁰
= $247.53
in 10 years you will make $247.53.
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It is given that on July 1, Cooper Corporation r<span>eceived $20,000 from Smith Industries in exchange for services performed. The accounting entries that Cooper Corporation should make to record this event is:
Cash $20,000
Service Revenue $20,000
It is because Cooper Corporation received a service made by the
Smith Industries, thus it increased the cash or debited the cash account and there is increase on its income (credit side).</span>