Answer: 14.4 years
Explanation:
You can use the Rule of 72 to find out.
The Rule of 72 is a very useful formula that shows the amount of time it would take an amount to double given a certain growth rate.
The formula is:
= 72 / Growth rate in whole numbers
= 72 / 5
= 14.4 years
Approximately 14.4 years
Answer:
The principle or model of voluntary exchange assumes that people will act based on self-interests. This is an important component of a healthy economy. If individuals in a market economy do not feel that they will benefit from the exchange, they would not be willing to make it.
Hope this helps!
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Based on the information given what happens to the balance sheet is:
Debit Cash $300 ; Debit Accounts receivables $200 ;Credit Retained earnings $500.
The appropriate journal entry is:
Debit Cash $300
Debit Accounts receivables $200
Credit Retained earnings $500
(To record retained earnings)
Inconclusion what happens to the balance sheet is: Debit Cash $300 ; Debit Accounts receivables $200 ;Credit Retained earnings $500.
Learn more about balance sheet here:brainly.com/question/1113933
Answer:
In the given case we need to tell the most correct option for the statements:
For Statement 1 = F Joint cost
Whenever two or more products are produced in the process by default without separation it is called joint cost.
For Statement 2 = B. Opportunity Cost
Opportunity Cost is not a cost and is the value of revenue forgone, for choosing the current opportunity.
For Statement 3 = C. Relevant Information
This refers to the future data as it is relevant for decision making, and will differ for each alternative.
For statement 4 = G. Sunk Cost
Sunk Cost is the cost which has already been incurred in the past and cannot be changed, or its impact will be same in no manner it can be avoided.
For Statement 5 = A. Target Full Product Costs
Under Target Full Product Cost the cost of a product from its very initial stage to the stage until its sold is calculated and called as target cost to be achieved.