The purpose of this assignment is the creation of a research analysis. Every day, consumers make millions of decisions that impact the marketplace and influence firms' decisions. Firms use economic concepts, models, and other "tools" of economics to help determine pricing, output, and profit maximization. As an MBA student of economics, you can apply the "tools" of economics to microeconomic and macroeconomic data to create recommendations for how firms can maximize revenue, profit and market share.
Answer:
A/R, $875; A/P, $575
Explanation:
The accounts receivable account is the account that records the amount from clients/customers. It is an asset account. The account payable is a liability account used to record amounts payable to vendors.
As such,
Accounts receivable (A/R) control account balance = $750 + $125 = $875
Accounts payable (A/P) control account balance = $200 + $375 = $575
Answer:
<u>a. True</u>
Explanation:
The opposite action of planning ahead is procrastination; a major set back to meeting due dates. To Plan ahead one needs personal discipline by addressing assignments on time.
In Summary do the following:
- Plan ahead,
- Organize your work,
- Get to work,
- Stay focused
- Be balanced (by taking a break when you know it is necessary)
Answer:
Her Yearly Repayment will be approximately $5771
Explanation:
For an Amortized Loan, to calculate the payment amount per period, we use the formula:
A=[P(1+r)ⁿ]/[(1+r)ⁿ-1]
where A=Payment per period
P= Initial Principal/Loan Amount
r= Interest rate per period
n= number of payments period
From the information provided,
P=$20000
n=4 years
r=6%=0.06
Therefore Yearly Repayment Amount A=[Pr(1+r)ⁿ]/[(1+r)ⁿ-1]
=[20000X0.06(1+0.06)⁴]/[(1+0.06)⁴-1]
=[1200(1.06)⁴]/[(1.06)⁴-1]
=[1200X1.2625]/[1.2625-1]
=1515/0.2625
=$5771.43
