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Sonja [21]
3 years ago
5

Some time ago, Tracie purchased two acres of land costing $67,900. Today, that land is valued at $64,800. How long has she owned

this land if the price of the land has been decreasing by 1.5 percent per year
Business
1 answer:
Nostrana [21]3 years ago
6 0

Answer:

She possessed the land for 3.14 years.

Explanation:

3Giving the following information:

Present Value (PV)= $67,900

Future Value (FV)= $64,800

Decrease rate (d)= 1.5%

<u>To calculate the number of years passed, we need to use the following formula:</u>

n= ln(FV/PV) / ln(1+i)  

n= ln(64,800 / 67,900) / ln(1.015)

n= -3.14 years

She possessed the land for 3.14 years.

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Answer:

The journal entries are shown below:

Explanation:

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3 years ago
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Agata [3.3K]

Answer: See explanation

Explanation:

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One reason attributed to this is due to the shift in the composition of the economy of the United States. Nowadays, there are more people whom work in the service industries, and these sector usually have lower unionization rate.

Also, there is a reduction in the number of unions in the ndustrial sector. Some states have a right to work laws in place which has also led to reduction in the power of the unions.

Lastly, thecemployer reactions are also a contributory factor as they're more aggressive so as to keep unions from their companies.

7 0
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Which of the following statements is true about marginal revenue?
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I would say A

Hope this helps

~Jordan~
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