I wanna say d would be the answer but it could also be banking services
Answer:
Farming Art Inc. should deposit $284.42
Explanation:
Giving the following information:
Framing Art Inc. will need to purchase two new cashier machines in 2 years, for $148 each. A savings account pays 2% per year compounded quarterly.
Total cost=148*2= $296
To calculate the monetary value to deposit today, we need to use the following formula:
PV= FV/(1+i)^n
FV= 296
i= 0.02/4= 0.005
n=2*4= 8
PV= 296/1.005^8= $284.42
D) as closing entries are apart og the accounting cycle, and only temporary accounts like expenses are closed.
Economists call this a change in demand as the curve is directly linked to the demand of the product. When the demand goes up or down the curve moves left or right accordingly.
