1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
skelet666 [1.2K]
3 years ago
13

A company had sales of $500,000 in 1996 and sales of $720,000 in 1998. Use the midpoint formula to find the company's sales in 1

997
Business
1 answer:
rjkz [21]3 years ago
3 0

Answer:

$610,000

Explanation:

According to the midpoint value, we have to find out the mid value of two amount.

As in the question, the sales for 1996 and the sales for 1998 are given and we have to find out the sales for 1997

So, by using the mid point formula approach, the sales for 1997 is

= (1996 sales + 1998 sales) ÷ (Number of years)

= ($500,000 + $720,000) ÷ (2 years)

= ($1,220,000) ÷ (2 years)

= $610,000

Therefore, the estimated sales value of the company for year 1997 is $610,000

You might be interested in
Which term identifies the occurrence of the system denying access to someone who is actually authorized?
timama [110]
False negative is the term identifies the occurrence of the system denying access to someone who is actually authorized. It is the inability of a network device to detect real security events under circumstances.  Therefore, not detecting or alerted by any malicious activities. 
5 0
3 years ago
Which type of account typically has very high liquidity, low or no interest, and low minimum balance?
faltersainse [42]
I would say that it is a CHECKING ACCOUNT. The answer for this would be option A. This type of account can be accessed anytime which makes its liquidity very high, but on the other side, this has very low interest and the minimum balance required is also low. Hope this helps.
7 0
3 years ago
Economic cost can best be defined as: (a) any contractual obligation that results in a flow of money expenditures from an enterp
Andreas93 [3]

Answer:

(d) all costs exclusive of payments to fixed factors of production.

Explanation:

The cost involved in the first three options is considered by economists as accounting cost. Economic cost involves the accounting cost, but it is added to the opportunity cost, which is the remuneration that an economic agent fails to receive for practicing one economic activity and not another.

For example, a business owner has fixed production costs, but it should add to his opportunity cost to be working in that firm rather than another economic activity.

8 0
3 years ago
suppose that a country imports $90 million worth of goods and services and exports $80 million worth of goods and services. what
Korolek [52]

Consider a scenario in which a nation buys goods and services worth $90 million and exports them for $80 million. The net exports are valued at -$10 million.

<h3>What does a nation's net export mean?</h3>

Total exports less total imports for a specific country is the definition of net exports. It is a method of determining the total outlays or GDP of a country in an open economy.

The balance of trade, commercial balance, or net exports refers to the difference between a nation's exports and imports in terms of dollar value over a given time period. It's sometimes made a point to distinguish between a trade balance for goods and one for services.

In the above question, given:

Imports= $90 million

Exports= $ 80 million

Net Export= Total Exports - Total Imports

Net Export= $ 80 million - $ 90 million

Net Export= -$10 million

Learn more about net exports: brainly.com/question/16905557

#SPJ1

6 0
1 year ago
Which of the following is not true concerning account titles:multiple choiceThere is a wide range of account titles among differ
astra-53 [7]

Answer:

There is a wide range of account titles among different types of companies

Explanation:

An account title can be regarded as a

unique name that is been assigned or associated to particular account in an accounting system. It is very crucial to use An account title when there is a need for identification of accounts by

accounting staff , this is because the title usually conveys the purpose of that particular account. Some of the account titles that can be used are;

Cash on Hand, Petty Cash Fund, and

Cash in Bank,. In account titles;

✓All companies use exactly the same account titles.

✓There is a small range in account titles regardless of type of company.

✓All companies use different account titles.

5 0
3 years ago
Other questions:
  • An investment counselor calls with a hot stock tip. he believes that if the economy remains​ strong, the investment will result
    10·2 answers
  • Jim Moore opens a new savings account. He deposits $12,000 at 12% compounded semiannually. At the start of the fourth year, Jim
    13·1 answer
  • Assume the United States has the following import/export volumes and prices. It undertakes a major "devaluation" of the dollar,
    12·1 answer
  • Because it is difficult for economists to use experiments to generate data, they generally must a. use whatever data the world g
    12·1 answer
  • The _________ strategy involves a firm using different marketing mix activities to help consumers perceive the product as being
    10·1 answer
  • Not sure how to graph
    15·1 answer
  • Cosmetics firm SatinSilk is revamping its mission statement and advertising strategy. The planning team comes up with a list of
    14·1 answer
  • Taylor Shoe Company just realized that the local newspaper advertisement was not correct and they immediately contacted the loca
    13·1 answer
  • The financial statements of the Bramble Corp. report net sales of $473850 and accounts receivable of $56000 and $25000 at the be
    12·1 answer
  • A company has two operating segments. Segment A of the company has been operating at 70% capacity for the last two years. It pro
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!