Answer:
r = 11.5%
Explanation:
Given data:
invested amount $20,000
withrawl amount after 5 year is $5000
Amount at the end of 10th yr is $50,000
present value is given as
where
A - amount after given n year
Let 
squaring on both side
solving for t we get
t = 1.711
so, 
Answer:
Software solutions was hired to install and update software.
When job was completed,
Total revenue paid by Jones company = $1,800
As of December 31,
software installation completed = 1/2
Service revenue = 0.5 × $1,800
= $900
Therefore, the adjusted journal entry for the revenue is as follows:
On 31st December,
Accounts receivable A/c Dr. $900
To Service revenue $900
(To record revenue earned)
Earl has $310 dollars in his checking account
Answer:
Decline stage
Explanation:
The decline stage of the product life cycle is the terminal stage where sales drop and production is ultimately halted. Profitability will fall, eventually to the point where it is no longer profitable to produce, and production will stop.
During decline, sales growth becomes negative, profits decline, competition remains high, and the product ultimately reaches its ‘death’.
Hence, this stage of the product life cycle ultimately tend to consume a disproportionate share of management and financial resources relative to their future worth as the next stage is the death of the product.
Answer:
This is an example of shoe-leather costs of inflation.
Explanation:
In this case, local currency looses its value so quickly that <u>Lorenzo is doing a great efford to mantain the value of his work.</u> Then we can refer to shoe-leather cost of inflation, which is related to cost of time and effort that Lorenzo spend trying to avoid the lost of purchaising power.
