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LuckyWell [14K]
3 years ago
9

According to the rule of 72, if you have $15,000 in an account that grows at the rate of 12 percent annually, it will take appro

ximately six years for the $15,000 to double to $30,000.True / False.
Business
1 answer:
yulyashka [42]3 years ago
7 0

Answer:

true

Explanation:

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Coastal Shores Inc. (CSI) was completely destroyed by Hurricane Fred on August 5, 2021. At January 1, CSI reported an inventory
zysi [14]

Answer:

58,500

Explanation:

Given the information above, the formula for Inventory loss is

Inventory loss = Opening inventory + Purchases - Cost of sales

Where,

Cost of sales = $432,000 × 100 ÷ 160

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Since opening inventory = $153,000

Purchases = $175,500

Therefore,

Inventory loss = $153,000 + $175,500 - $270,000

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3 years ago
Betty and Barbara own a business called Betsy. They each invest $30,000 into their business. The concept of owner’s investment i
dem82 [27]

Answer:

D

Explanation:

7 0
3 years ago
Best Shingle's budgeted manufacturing costs for 50,000 squares of shingles are: Fixed manufacturing costs $12,000 Variable manuf
galina1969 [7]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

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Manufacturing cost= direct material + direct labor  + manufacturing overhead

MC= 12,000 + 16* 50,000= $812,000

5 0
3 years ago
The account​ "Accounts Receivable" began with a zero balance and then had the following​ changes: increase of​ $625, decrease of
Firdavs [7]
0+625=625-275=350+350=700+200=900
hope this helps
7 0
3 years ago
A senator wants to raise tax revenue and make workers better off. A staff memberproposes raising the payroll tax paid by firms a
algol [13]

Answer:

This proposal will not work.

Explanation:

All taxes work the same way, it doesn't matter if they are payroll taxes or taxes on goods or services. In this case, labor is the service provided by the employees (suppliers) and the employer is the consumer. A tax increase will reduce the demand for labor, and therefore the equilibrium price of labor (wage) will also decrease. If wages decreases, then workers are not going to be better off, on the contrary they will be worse off. This tax increase will lower both the wage and the employment level.

8 0
3 years ago
Read 2 more answers
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