Answer:
Explanation:
It means that there must be a huge number of people that have little or nothing.
The most recent estimate of America's population is 331,000,000 roughly
1% of the population is 331,000,000 * 1/100 = 3,310,000
So that means that 3 million people own 33% of 14 trillion in property alone. These numbers are really hard to imagine.
1 trillion has 12 zeros behind it
so 14 trillion has 12 zeros behind it.
3 million people own 1,400.000,000 = 14 000 000 000 000 dollars worth of property.
That means that each person in that group of 3 million is 1 of 14 , 000, 000 in wealth just in property alone. The goods will dilute this somewhat, but I think you get the idea.
3 million people in the United States are multimillionaires, if they own 100% of the property. Of course that isn't true, but I think it's fair to say that they are not poor either.
Answer:
Credit Cash for $5,000 on June 25.: Both methods
Credit Cash for $4,900 on June 25.: Neither method
Debit Discounts lost for $100 on June 25.: Net method
Debit Merchandise inventory for $5,000 for June 10.:Gross method
Explanation:
Based on the information given the required entries to record and pay for this purchase under both the GROSS METHOD and the NET METHOD by matching the action on the left with the method on the right will be :
Credit Cash for $5,000 on June 25.: BOTH METHODS
Credit Cash for $4,900 on June 25.: NEITHER METHOD
(100%-2%*$5,000)
Debit Discounts lost for $100 on June 25.: NET METHOD
(2%*$5,000)
Debit Merchandise inventory for $5,000 for June 10.:GROSS METHOD
It influence it by lowering the price and if it's by producing then people would want to go to the store that has more of the product that people want.
Answer:
predetermined overhead allocation rate is $228 per hour
Explanation:
given data
Estimated over head costs = $8,000,000
Estimated machine hours = 35,000
actual machine hours = 31,000
to find out
predetermined overhead allocation rate
solution
we know that predetermined overhead allocation rate is express as
predetermined overhead allocation rate = 
put here value
predetermined overhead allocation rate = 
predetermined overhead allocation rate = $228.571
so predetermined overhead allocation rate is $228 per hour
Answer:
Instructions are listed below
Explanation:
Giving the following information:
An investment offers $6,600 per year for 10 years, with the first payment occurring one year from now. The required return is 5 percent.
A) FV= {A*[(1+i)^n-1]}/i
FV= {6600*[(1.05^10)-1]}/0.05= $83,014.09
PV= FV/(1+i)^n= 83,014.09/1.05^10= $50,063.39
B) n=35
FV= {6600*[(1.05^35)-1]}/0.05= $596,114.03
PV= 596,114.03/1.05^35= $108,069.69
C) n=65
FV= {6600*[(1.05^65)-1]}/0.05= $3,014,866.87
PV= 3,014,866.87/ 1.05^65= $126,463.06
D) PV= 6600/0.05= $132,000
