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Alika [10]
3 years ago
15

What will 70,000 dollars be worth in 5 yrs at 1.8% interes?

Business
1 answer:
Vitek1552 [10]3 years ago
7 0
The answer is 63922.75 dollars... i think :) 
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Dan saves a portion of his income in an interest-earning account. in the loanable funds market, dan is:________
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Answer:

Dan is the "supplier" of the funds

Explanation:

Given their willingness to lend their money, savers in this marketplace are on the supply side of the economy.

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Model of the market for loanable money

To make what occurs in the economy when borrowers and savers interact more understandable, the loanable funds market model is utilized. A modification to the market model for commodities and services is the market model for loanable funds. In this hypothetical scenario, the exchange of money takes the place of a good and the interest rate replaces the price. In essence, it describes how loans are made and borrowed money is exchanged between borrowers and lenders.

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2 years ago
Ow did easy consumer credit help the u.s. economy during the early 1920s?
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3 years ago
What is the final step for creating a chart in PowerPoint?
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8 0
2 years ago
Your company has sales of this year and cost of goods sold of . You forecast sales to increase to next year. Using the percent o
Trava [24]

Complete question :

Your company has sales of $101,500 this year and cost of goods sold of $66,300. You forecast sales to increase to $118,900 next year. Using the percent of sales method, forecast next year's cost of goods sold. The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career The forecasted cost of goods sold (COGS) is $ ___________ (Round to the nearest dollar.)

Answer:

$77,666

Explanation:

Given the following :

Sales for the year = $101,500

Cost of goods sold =$66,300

Forecasted increase in sales for next year = $118,900

Forecasted cost of goods sold for next year =?

Percentage cost of goods sold for this year:

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$66300/$101500

= 0.6532019

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6 0
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