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3 years ago

True/False. The "North American Classification Code" can be used to look up your industry and focus your market research.

Business

1 answer:

Mamont248 [21]3 years ago

7 0

Answer: True

Explanation: I got it right. Have a blessed day!!! :)

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Anthony and Michelle Constantino just got married and received $29,000 in cash gifts for their wedding. How much will they have

bearhunter [10]

Answer:

Future value will be larger with smaller compounding period; $373.4 more would be earned with shorter compounding period.

Explanation:

Given:

Amount to be invested = 29,000÷2 = $14,500

Duration if amount invested = 25 years

Rate = 4% or 0.04 compounded annually

Value of investment at the end of 25 years = $14,500\times(1+0.04)^{25}$

= $38,654.63

Future value if compounded annually is $38,654.63

Future value if semi-compounded annually:

Duration = 25×2 = 50 periods

Rate = 0.04÷2 = 0.02

Value of investment at the end of = $14,500\times(1+0.02)^{50}$

= $39,028.03

Future value if semi-compounded annually is $39,028.03

As such, future value is larger if compounding period was 6 months.

They would have earned $373.40 more that is (39,028.03 - 38,654.63), with shorter period.

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4 years ago

What are types of opportunity costs

MatroZZZ [7]

Answer:

This distinction gives rise to two types of opportunity cost--explicit and implicit.

1:Explicit Cost: This is an opportunity cost that involves a money payment and usually a market transaction. ...

2:Implicit Cost: This is an opportunity cost that DOES NOT involve a money payment or market transaction.

3 0

4 years ago

Read 2 more answers

Which of the following is true of a good survey about a particular industry

prohojiy [21]

The answer is: D. it has a broad sample, including people who know nothing about the industry.

Any industry consist of three players. The producers, the consumers, and the regulators. Consumers are the one that made the most purchase for the industry and can influence it, but they tend to know nothing or very little with the industry, which is why such sample is needed.

6 0

3 years ago

Outline one advantage and one disadvantage of investing in training....

nexus9112 [7]

One advantage of training is that it can enhance employees' skillset within the organisation overall. A disadvantage is that training can be costly especially if employees leave taking their skills elsewhere.

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3 years ago

On August 31, 2019, Montana Corporation signed a 4-year contract to provide services for Minefield Company at $30,000 per year.

masha68 [24]

Answer:

The answer is: Montana should recognize its revenue equally throughout the year as they provide their services.

Explanation:

The accrual basis of accounting recognizes revenue when earned. This means that Montana Corporation should recognize revenue when its service has been performed, regardless of when those services were paid. That means they should recognize revenue equally throughout the year (every month) as they provide their services.

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3 years ago