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Korvikt [17]
3 years ago
10

Your coin collection contains 59 1952 silver dollars. required: if your grandparents purchased them for their face value when th

ey were new, how much will your collection be worth when you retire in 2053, assuming they appreciate at an annual rate of 6.6 percent?
Business
1 answer:
ololo11 [35]3 years ago
7 0
The coins were purchased in 1952 for their face value, one dollar per coin. This puts total face value at 59 dollars in 1952. They appreciate at 6.6% per year, so in 101 years, their value can be found through this calculation: 59 x (1.066^101) = $37,525.78.
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galben [10]

Answer:

                                Ryan Management

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31-Dec-22   Income tax expense       $219.50

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6 0
2 years ago
Xerox pioneered the first portable fax machine. In 1980, the price was $12,700. Xerox was using a(n) _____ strategy to help reco
34kurt

Answer:

c. skimming pricing

Explanation:

Based on the information provided within the question it can be said that in this scenario Xerox was using a skimming pricing strategy to help recover the cost of its research and development. This is a pricing strategy in which the company places a really high initial price for it's new product, but then goes lowering the price as time passes. This also makes individuals believe that they are getting a bargain when prices begin to drop and decide to buy more.

3 0
3 years ago
81. After the secondary guaranteed rate expires, some contracts contain a bailout
igor_vitrenko [27]
75% is the best answer
3 0
3 years ago
If the quantity supplied responds only slightly to changes in price, thenA. supply is said to be elastic.B. even a large decreas
Murrr4er [49]

Answer:

D. supply is said to be inelastic.

Explanation:

When the change in the quantity supplied of any good is less sensitive due to change in the price, then the supply is known as the inelastic and If the quantity supplied responds only slightly to changes in price, then supply is said to be inelastic.

6 0
2 years ago
If a company uses LIFO, a LIFO liquidation causes a company's income taxes to increase:_______
olasank [31]

Answer: a. When inventory purchase costs are rising.

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Last In First Out is an inventory stock valuation method where newer inventory is sold first and older inventory are sold last.

When a LIFO liquidation occurs, it means that the company has sold off its new stock and are now selling the older one.

This will lead them to have a lower cost of goods sold as the older stock is usually cheaper. If Inventory purchase costs are increasing in the market, then sales prices will have to increase as well. The company will sell at this new price but will still have that lower cost of goods sold.

This means that they would have more profits as a result which will lead to more taxes being charged on them.

4 0
2 years ago
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