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Oksi-84 [34.3K]
3 years ago
12

An individual who has NO prior experience in starting up a business, inheriting a business or purchasing a business.

Business
1 answer:
NemiM [27]3 years ago
4 0

Answer:

i do

Explanation:

is this a question?

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Bay City uses the purchases method to account for supplies. At the beginning of the year the City had no supplies on hand. Durin
Rasek [7]

Answer:

Supplies Expenditure $600,000

Supplies Inventory $200,000

Explanation:

Calculation for the appropriate account balances related to supplies expenditures and supplies inventory :

Supplies Expenditure will be $600,000 because during the year purchased of $600,000 supplies were made.

Therefore Supplies Expenditure will be $600,000

Supplies Inventory will be:

Purchased supplies $600,000

Less used supplies $400,000

Balance =$200,000

Therefore Supplies Inventory will be $200,000

6 0
3 years ago
4. Mrs. Derry is a retired receptionist living on a fixed income in a small apartment. Her power was recently cut-off because sh
nexus9112 [7]

Answer:

Explanation:

A retirement home organization would be the best option in this scenario to help Mrs. Derry enjoy her retirement years. These organizations provides all of the day to day help that an elderly person would need in order to live happily. This includes help with groceries, paying bills, cooking, driving, etc. Any and all tasks that the individual is not fully capable of doing anymore. These organizations also provide housing for retired individuals, making it easier to help them enjoy their retirement even more.

8 0
3 years ago
Approximately how much must be saved for retirement in order to withdraw $100,000 per year for the next 25 years if the balance
Juli2301 [7.4K]

Answer:

$1,067,477.62

Explanation:

A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity.

Formula for Present value of annuity is as follow

PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]

PV of annuity = $100,000 x [ ( 1- ( 1+ 8% )^-5 ) / 8% ]

PV of annuity = $1,067,477.62

According to my calculations, in order to be able to withdraw $100,000 from an annuity earning 8% at the end of each of the next 25 years, the amount you would need to deposit now would be $1,067,477.62.

6 0
3 years ago
Which of the following is not an objective of financial reporting by state and local governments?
EleoNora [17]

Answer:

A

Explanation:

To assist users in assessing the adequacy of systems and controls is not one of the objectives

6 0
3 years ago
Hal currently works as the fry guy at Burger Haven but is thinking of quitting his job to attend college full time next semester
Mkey [24]

Answer:

Option (d) is correct.

Explanation:

The opportunity cost refers to the cost of selecting some other alternative over other. It is the value of activity or the satisfaction obtained from the good foregone to choose other alternative.

In our case, if Hal decided to go to college then he have to left his job where he earned some money income.

Therefore, the opportunity cost of attending college is the money income that Hal lose as he could have earned that income.

6 0
3 years ago
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