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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

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Scarcity is the condition wherein the mean to and end (that is resources required to achieve set goals) are limited in relation to the goals that need to be achieved.

Because of the above, one has to carefully make their choice while allocating the resources accordingly.

<h3>What is opportunity Cost?</h3>

When a choice is made between two competing alternatives, it means that one alternative has to be foregone. The alternative foregone is called the Opportunity Cost.

<h3>What is a rationing device?</h3>

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8 0
2 years ago
Maintenance, which was about 18 of the total budget less than it spent on administrative personnel. The amount spent on administ
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Answer:

the remaining budget for other expenses = 1/8 of the total budget

Explanation:

Since the city's administrative personnel expenses are 1/8 larger than both maintenance expenses and safety expenses, it means that safety expenses are equal to maintenance expenses.

Since maintenance expenses are 1/4 of the total budget, safety expenses are also 1/4 of the total budget.

Administrative personnel expenses are 1/8 higher, so that means that they equal 1/4 + 1/8 of the total expenses.

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8 0
3 years ago
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Elanso [62]

Answer:

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4 0
3 years ago
Read 2 more answers
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6 0
3 years ago
Midyear on july 31st, the baldwin corporation's balance sheet reported: total assets of $166.859 million total common stock of $
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In the balance sheet, in order to account for the money or amounts that go to an fro in the sheet, we use the equation,
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where NW is the networth, As is the asset, and Li is liabilities.

From the given above, the total asset (As) is given to be $166.859M. The net worth is equal to the sum of the common stock, cash, and retained earnings.
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The the equation above, we may derive the equation for liability by transposing,
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Hence, the total liability is equal to $117.328. 
4 0
3 years ago
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