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Likurg_2 [28]
3 years ago
14

our business plan calls for sales of $45,000 in year 1 with compound growth of 30% per year thereafter. What are your projected

sales for year 10?
Business
1 answer:
Law Incorporation [45]3 years ago
4 0
477,202 are the projected sales after year 10.
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One popular system for defining effective goals uses the acronym SMART, which stands for
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TRANSACTIONSGave a cash refund of $750 to a customer because of a lost package.Sent a check for $1,050 to the utility company to
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Answer:

Journal entries

Service Revenue                               Debit         $ 750

Cash                                                   Credit                          $ 750

To record refund to customer for lost package

Utility Expenses                                 Debit          $ 1,050

Cash                                                    Credit                          $ 1,050

To record payment of utility company bill in cash

Accounts Receivable                         Debit         $ 7,800

Service Revenue                                Credit                          $ 7,800

To record receivables for services provided on credit

Equipment                                          Debit          $ 4,600

Cash                                                    Credit                            $ 4,600

To record purchase of equipment for cash

Accounts payable                               Debit          $ 3.500

Cash                                                     Credit                          $ 3,500

To record payment to creditors

Cash                                                     Debit         $ 15,250    

Service revenue                                  Credit                          $ 15,250

To record services provided on cash

Cash                                                      Debit        $ 6,250

Accounts receivables                           Credit                         $ 6,250

To record collections from customers

Cash                                                      Debit        $ 25,000

Capita account Owner                        Credit                           $ 25,000

To record capital contribution from owner

Supplies                                                Debit        $  3,250    

Accounts payable                                 Credit                          $ 3,250

To record purchase of supplies on credit

Rent expense                                        Debit      $ 3,750

Cash                                                       Credit                          $ 3,750

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Explanation:

8 0
3 years ago
Present Value for Two Future Cash Flows Next Level Potter wishes to deposit a sum that at 12% interest, compounded semiannually,
sweet-ann [11.9K]

Answer:

I dont know the answer but I know how to solve it :3 I also helped you. What grade is this for?

Explanation:

  1. Calculate the value of 40,000 that can be withdrawn at the end of 4 years.
  2. Future Value- 40k
  3. Interest rate %6 (divide 12 by 2)
  4. 4 years x 2
  1. Then Calculate 50,000
  2. future value- 50,000
  3. interest rate- 6% (12/2)
  4. 10 years x 2
  5. Factor is 0
3 0
3 years ago
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