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kumpel [21]
3 years ago
7

Isaac only has $1,090 today but needs $1,979 to buy a new computer. How long will he have to wait to buy the computer if he earn

s 5.4 percent compounded annually on his savings? Assume the price of the computer remains constant. 11.83 years

Business
2 answers:
o-na [289]3 years ago
7 0

Answer:

It will take 11 years and 124 days.

Explanation:

Giving the following information:

Isaac only has $1,090 today but needs $1,979 to buy a new computer. Interest rate= 5.4 percent compounded annually

To calculate the number of years, we need to use an alternative formula of the future value formula.:

FV= PV*(1+i)^n

Isolating n:

n=[ln(FV/PV)]/ln(1+r)

n= [ln(1,979/1,090)] / ln(1.054)

n= 11.34 years

<u>To be more accurate:</u>

0.34*365= 124

It will take 11 years and 124 days.

Sidana [21]3 years ago
7 0

Answer: Isaac will have to wait for 11.34 years for the money to grow to that amount

Explanation:

Please, kindly see the attached for more explanation

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On April 1, Quality Corporation, a U.S. company, expects to sell merchandise to a French customer in three months, denominating
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Answer:

The correct answer is option (d) $8,000 Discount Expense plus a $20,000 positive Adjustment to Net Income when the merchandise is delivered.

Explanation:

Solution

Given that:

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400,000*1.41 =$564,000

Thys,

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So,

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400,000*1.36 = $544,000.00

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The increase  in net income =$564,000- $544,000

=$20,000

8 0
2 years ago
If a 10 percent increase in both capital and labor causes output to increase by less than 10 percent, the production function is
olasank [31]

Answer:

Because of economies and diseconomies of scale.

Explanation:

Increasing returns to scale refers to the situation when a proportionate change in input leads to more than proportionate change in output. This may happen because of economies of scale.  

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Decreasing returns to scale refers to the situation when a proportionate change in input leads to less than proportionate change in output. This may happen because of diseconomies of scale.  

Diseconomies of scale occur when a firm experiences an increase in the average total cost as the volume of output increases.

3 0
3 years ago
For each separate case, record an adjusting entry (if necessary). Barga Company purchases $32,000 of equipment on January 1. The
scoundrel [369]

Answer:

<u>Equipment:</u>

                                                  Dr.       Cr.

Depreciation Expense          $5,520

Accumulated Depreciation                $5,520

<u>Land:</u>

Land never depreciates, so there is no adjusting entry for the Land purchased on year end.

Explanation:

Year end is not given in the data so, it is assumed the December 31 is the end of the year

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8 0
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, a doctor from the local hospital, is a friend of Fran, the owner of a candy store. Every day, Ed spends about five minutes in
just olya [345]

<u>Answer:</u>

<u>- Yes,</u>

<u>- Bilateral, Implied contract which is enforceable.</u>

<u>Explanation</u>:

Note, both parties consented to a contract even though it was an informal setting. Remember, certain gestures were used by Ed to show contract acceptance, There's also valid consideration since the value of the exchange is known; which is a candy bar for $1.

Fran thus understands that Ed will pay for the candy later since he saw the sign, this also makes it a bilateral contract (between two parties only). The contract is also enforceable since it is legal to sell candies.

6 0
3 years ago
Instruction: Read each question, then select your answer choice.
MArishka [77]

Answer:

<h2>Physical Resourcers</h2>

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8 0
2 years ago
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