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luda_lava [24]
3 years ago
10

Wyman corporation uses a process costing system. the company manufactured certain goods at a cost of $920 and sold them on credi

t to percy corporation for $1,315. the complete journal entry to be made by wyman at the time of this sale is:
Business
1 answer:
Simora [160]3 years ago
6 0
I really have no clue
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What was the economic climate of the nation at the time the American Recovery and Reinvestment Act was proposed? the economy was
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In 2009, the TARP year the US economy was declining due to the severe subprime crisis that took place in 2008, which led to the bankruptcy of large banks.

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An accountant increases the price he charges for his services by 66 percent. In​ response, the demand for his services decreases
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Answer:

Decrease

Explanation:

The accountant's revenue will decrease because the demand for his services has fallen by 1,818%, while the price he charges has only gone up by 66%.

The rise in prices will not be enough to cover the losses for such a deep fall in demand.

For example, suppose that before, the accountat used to complete 200 services a month for $100 per year, his total revenue is = 200 x $100 = $20,000.

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7 0
3 years ago
Mr. Moore is 35 years old today and is beginning to plan for his retirement. He wants to set aside an equal amount at the end of
Ierofanga [76]

Answer:

c = 2164.16

Explanation:

GIVEN DATA:

Cash Flow= 25000

Interest rate= 10%

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PV Ordinary Annuity= C\times (\frac{(1-(1+i)^{-n})}{i})

PV = 25000\times (\frac{(1-(1+0.10)^{-20})}{0.10}) = 212839.09

Annuity to be paid from 35 age to 60 age for amount of 212839.09

No of Periods =  60 - 35 = 25 years

Future Value = 212839.09

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FV Ordinary Annuity = C\times (\frac{(((1+i)^n)-1)}{i})

212839.09 = c \times \frac{(1+0.10)^{25} - 1}{0.10}

c = 2164.16

3 0
4 years ago
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