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3 years ago

1. The level of prices and the value of money

Business

1 answer:

Marizza181 [45]3 years ago

8 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

In year one, the basket costs $8.00.

In year two, the price of the same basket is $7.00.

Deflation= (7/8)-1= - 12.5%

In year one, $40.00 will buy ________ baskets, and in year two, $40.00 will buy ________ baskets.

Year 1= 40/8= 5 baskets

Year 2= 40/7= 5.71 baskets

The value of money rises.

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Your friend Michelle is starting a fitness center that specializes in helping people get in shape through exercise and eating he

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$7,875.00.

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3 years ago

Roadtec Tire Company has a corporate culture that emphasizes an internal focus on the involvement and participation of employees

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Answer: (D) Involvement culture

Explanation:

According to the given question, the involvement culture is one of the type of corporate culture that helps in focusing the various types of internal functions such as the involvement and also the participation of the employees in an organization.

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Therefore, Option (D) is correct answer.

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3 years ago

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Answer:

The Correct option is <u>"B"</u>

Explanation:

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3 years ago

Read 2 more answers

The following table shows a portion of a three-year amortization schedule. A 3-year amortization schedule. The loan amount or pr

larisa [96]

The correct statement is that at the end of two years a total interest of 1246.10 has been paid on a principal of $11940, where the interest rate is 7.45 percent. So, the correct option is B.

The calculation on monthly payment of interest can be done by ascertainment of the interest paid for two years and division of such amount by total number of months.

<h3>Calculation of Monthly Payment</h3>

We know that the interest to be paid for the first year will be close to $902 and that for the second year will be calculated as follows,

$\rm Interest for\ Second\ Year= Monthly\ Payment\ x\ 12\\\\\rm Interest for\ Second\ Year= 28.69\ x\ 12\\\\\rm Interest for\ Second\ Year= \$344.28$

So, the total interest paid at the end of the second year will be,

$\rm Total\ Interest\ for\ Two\ Years= Interest\ for\ One\ Year+ Interest\ for\ Second\ Year\\\\\rm Total\ Interest\ for\ Two\ Years= 902+344.10\\\\\rm Total\ Interest\ for\ Two\ Years= \$1246.10$

So, the total interest paid fully at the end of two years will be $1246.10

Hence, the correct option is B that the total interest of 1246.10 has been paid on a principal of $11940 at the end of two years upon monthly payments of such years.

Learn more about monthly payment here:

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2 years ago

Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 3% of credit sales, (2)

Genrish500 [490]

Answer:

Date Account Title Debit Credit

Dec. 31 Bad debt expense $9,000

Allowance for doubtful accounts $9,000

Working

= 3% * 300,000

= $9,000

Date Account Title Debit Credit

Dec. 31 Bad debt expense $12,000

Allowance for doubtful accounts $12,000

Working

= 1% * total debt

= 1% * (900,000 + 300,000)

= $12,000

Date Account Title Debit Credit

Dec. 31 Bad debt expense $12,500

Allowance for doubtful accounts $12,500

Working

= 6% * Accounts receivable

= 6% * 125,000

= $7,500

As the Allowance account is in debit, it means that bad debt exceeded the allowance so this balance needs to be added to properly cater for bad debts.

= 7,500 + 5,000

= $12,500

8 0

3 years ago