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lidiya [134]
3 years ago
9

Describe Reid Hoffman the founder and creator Linkedln?

Business
1 answer:
CaHeK987 [17]3 years ago
5 0

Answer:

Reid Garrett Hoffman is an American internet businessman, tech entrepreneur, writer. Hoffman became co-founder and president of LinkedIn, an enterprise-oriented social media network mainly utilized for business networking. In 2016, Hoffman transferred LinkedIn for $26.2 billion in cash to Microsoft, then entered the board for Microsoft.

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The following information is available from the adjusted trial balance of the Harris Vacation Rental Agency. After closing entri
Mama L [17]

Answer:

The balance of retained earning is $130,000.

Explanation:

At the year end an adjusted trail balance is prepared, in which all the temporary accounts are closed and their balances are transferred to the permanent accounts. The adjusted trial balance must verify that debit and credit sides total is equal.

All the revenue and Expenses accounts are closed in Income summary account from where the net balance is transferred to the retained earning account.

Ending Balance of retained earning = Opening balance + Revenue - Expenses - Dividend

Ending Balance of retained earning = $80,000 + $125,000 - $60,000 - $15,000

Ending Balance of retained earning = $130,000

7 0
2 years ago
If consumer income increases by $100 million in the united states and the mpc is .6, by how much will consumption increase?
Sonja [21]
<span>The marginal propensity to consume (MPC) is a measure of the proportion of extra income that will be spent on consumption. If an individual receives an extra $100 and spends $60 on consumption then the person’s MPC is 0.60. If consumer income in the United States increases by $100 million and the MPC is 0.60 consumption in the US will increase by $60 million.</span>
3 0
3 years ago
According to the Fisher equation, if the expected inflation rate is less than the actual inflation rate, then the actual rate of
Svetlanka [38]

Answer:

D. higher than the equilibrium interest rate.

Explanation:

The Fisher equation at equilibrium ; i = r + τe helps you to answer this question whereby;

i = nominal interest rate

r = real interest rate

τe = expected inflation rate

If we re-write it beginning with real interest rate ; r = i - τe .

So, considering the above equation, if the <em>actual</em> inflation rate turns out to be lower than <em>expected</em> , we will have a lower τe and the difference  (i - τe) will be bigger making the real interest rate higher than equilibrium.

5 0
3 years ago
Lloyd is a divorce attorney who practices law in Florida. He wants to join the American Divorce Lawyers Association (ADLA), a pr
svetoff [14.1K]

Answer:

C) 19 years

Explanation:

We must determine the net present value of the annual payments in a similar way to calculating the present value of annuities. We can use an excel spreadsheet and the present value formula with a 5.9% interest rate and then subtract the lifetime fee ($7,000):

Present value 14 years = $6,079 - $7,000 = -$921

Present value 16 years = $6,614 - $7,000 = -$386

Present value 19 years = $7,310 - $7,000 = $310

Present value 21 years = $7,711 - $7,000 = $711

<u>*present value 18 years = $7,091 - $7,000 = $91, but 18 years was not an option.</u>

3 0
3 years ago
The following T-account is a summary of the cash account of Buffalo Industries. Cash (Summary Form) Balance, Jan. 1 21,600 Recei
kupik [55]

Answer:

$702,000

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.  

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

An increase in assets other than cash is an outflow while an increase in liabilities is an inflow. Depreciation and other non-cash expenses deducted in the income statements are added back while the non-cash income such gain on asset are deducted from net income.

The amount of net cash provided (used) by financing activities should be reported in the statement of cash flows

= -$108,000 + $810,000

= $702,000

Other transactions are either operating or investing activities related.

5 0
3 years ago
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