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svp [43]
3 years ago
15

You just started a great part-time job that you want to keep for a while. Under the current contract, your annual salary is $31,

000. Every year you're promised raises of 2.2 percent per year. Calculate your annual salary ten years from today.
Business
1 answer:
Daniel [21]3 years ago
3 0

Answer:

$38,536.3567

Explanation:

Given that,

Annual salary = $31,000

Growth rate = 2.2 percent per year

Time period = 10 years

Salary 10 years from today:

= Current salary × (1 + Growth rate)^{Period}

= $31,000 × (1 + 0.022)^{10}

= $31,000 × 1.24310828

= $38,536.3567

Therefore, the annual salary of this person ten years from today is $38,536.3567.

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Barton and Fallows form a partnership by combining the assets of their separate businesses. Barton contributes accounts receivab
Zigmanuir [339]

Answer:

(a) Barton's investment

Date   Account Titles and Explanation               Debit       Credit

          Accounts receivables                              $44,900

          ($48,000 - $3,100)

          Equipment                                                 $90,000

                 Allowances for uncollectible                               $1,300

                 Barton Capital                                                       $133,600

           (To record Barton's contribution)

(b) Fallows' investment

Date   Account Titles and Explanation               Debit       Credit

          Cash                                                           $28,700

          Merchandise Inventory                             $60,500

                  Fallow Capital                                                      $89,200

           (To record Fallow's contribution)

3 0
3 years ago
Relish Corp. is a famous fast food chain in the United States. However, increasing competition affects the company's market. Nic
Gwar [14]

Answer:

Participative leadership style

Explanation:

Path goal theory is a  leadership theory that specifies the leadership style that should be used in an organization to achieve a goal based on the employees and the working environment. The following steps are to be taken based on the path goal theory:

  1. Determine the employee and environmental uniqueness based on their needs.
  2. Selecting a leadership style and adjusting this style based on the employees need.
  3. Focusing on how to motivate the employee to achieve the goal

Participative leadership style is a style in which leaders involves their subordinates by asking them for suggestions before making a decision. This style is best used when subordinates are highly involved and trained.

8 0
3 years ago
Read 2 more answers
12345678901234567890000
Arlecino [84]

Answer:

12345678901234567890000

Explanation:

6 0
3 years ago
Cash 30,000 Accounts receivable 65,000 Inventory 72,000 Marketable securities 36,000 Prepaid expenses 2,000 Intangible assets 40
lyudmila [28]

Answer:

2.7 times

Explanation:

The computation of the current ratio is shown below:

Current ratio = Current assets ÷ Current liabilities

where,

Current assets = Cash + account receivable + inventory + marketable securities  + prepaid expense

= $30,000 + $65,000 + $72,000 + $36,000 + $2,000

= $205,000

And, the current liabilities is

- Account payable + accrued liabilities + short term note payable

= $40,000 + $7,000 + $30,000

= $77,000

So, the current ratio is

= $205,000 ÷ $77,000

= 2.7 times

5 0
3 years ago
A computerized spreadsheet program is useful for
scoundrel [369]
Helps perform calculations and other manipulations of data
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