At which stage of problem solving should you discuss the problem with colleagues?

What is the present value of $500 due in 2 years at a discount rate of 3%.

Sveta_85 [38]

P=present value
F=future value=500
n=number of years=2
i=annual interest rate=3%

We have
F=P(1+i)^n
=>
P=F/(1+i)^n
=500/(1.03^2)
= 471.30 to the nearest cent

7 0

4 years ago

A firm practicing group price discrimination that has constant marginal cost will ________.

siniylev [52]

Answer:

C. maximize total profit by maximizing profit for each group separately

Explanation:

Price discrimination is when a seller sells the same quantity and quality of goods and services to different groups of consumers at different prices.

Price is usually set higher than marginal cost for a price discriminator.

I hope my answer helps you.

3 0

3 years ago

There are three forms of the efficient market theory. Tests that have found there are no patterns in share price changes provide

svlad2 [7]

Answer:

Weak; Semistrong; Strong.

4 0

3 years ago

Concord Co. returned defective goods costing $5700 to Ivanhoe Company on April 19, for credit. The goods were purchased April 10

Vinil7 [7]

Answer:

Journal Entry

Explanation:

The Journal entry is shown below:-

Accounts Payable Dr, $5,700

To Inventory $5,700

(Being defective goods is recorded)

Therefore, in the given situation, Concord company is returning the defective goods and no payment was made. So, which results in a decrease in accounts payable and inventory.

5 0

4 years ago

In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $20,000 and Job 11 $30,000. On March 31, Job 10 is sold to the c

myrzilka [38]

Answer:

Mar. 31

Dr Finished goods inventory $50,000

(20,000+30,00)

Cr Work in process inventory $50,000

31 Dr Cash $35,000

Cr Sales revenue $35,000

31 Dr Cost of goods sold $30,000

Cr Finished goods inventory $30,000

Explanation:

Preparation of the journal entries for the completion of the two jobs and the sale of Job 10

Mar. 31

Dr Finished goods inventory $50,000

(20,000+30,00)

Cr Work in process inventory $50,000

(Being To record the completion of the two jobs)

31 Dr Cash $35,000

Cr Sales revenue $35,000

(Being To record the sale job 10)

31 Dr Cost of goods sold $30,000

Cr Finished goods inventory $30,000

(Being To record the cost of the job sold)

8 0

3 years ago