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Helga [31]
3 years ago
7

During February, $75,150 was paid to creditors on account, and purchases on account were $96,190. Assuming the February 28 balan

ce of Accounts Payable was $32,310, determine the account balance on February 1.
Business
1 answer:
lidiya [134]3 years ago
5 0

Answer:

$45,000

Explanation:

Given the above information, the account balance on February 1 is computed below;

Balance of account payable Feb 28 + Cash paid to creditors in February - Purchases on account

= $59,900 + $186,500 - $201,400

= $45,000

Therefore, the account balance on February 1 is $45,000

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Answer:

Perfect Competition, Imperfect Competition, Oligopoly, and Monolopy

Explanation:

There are four basic types of market structures: perfect competition, imperfect competition, oligopoly, and monopoly.

4 0
3 years ago
On January 1, Alan King decided to transfer an amount from his checking account into an investment account that later will provi
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Answer:

The requirement of the question is as below:

How much must Alan deposit on January 1? (Round your final answer to the nearest whole dollar amount.)  

What is the interest for the four years? (Round your final answer to the nearest whole dollar amount.)

Alan deposit on January 1 is $ 58,802.39  

Interest for four years is $21,197.61

Explanation:

The first is asking for today's worth of the investment,which is the amount to be invested,this can be computed using the present value as shown below:

PV=FV*(1+r)^-n

PV is the present value

FV is the worth of the investment in 4 years from now which is $80,000

r is the rate of return of 8%

n is the number of years of investment which is 4 years

PV=$80,000*(1+8%)^-4

PV=$80,0008(1+0.08)^-4

PV=$80,000*(1.08)^-4

PV =$ 58,802.39  

interest for four years=FV-PV

interest for four years=$80,000-$ 58,802.39  

                                    =$21,197.61

4 0
3 years ago
Products whose demand rises when another product’s price increases are called
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Products whose demand rises when another product's price increases are called: Substitute goods

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3 years ago
Which of the following statements is true of the new product development process? Question 8 options: 1) Commercialization is th
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The Business Analysis stage of the New Product Development Process is a more in-depth analysis of the product to find out the viability of the product in the market and what it means for the firm.

Here the big questions are asked such as;

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Once these questions have been answered and other analysis made and the company is satisfied, the product can then move to the Product Development Stage.

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Answer:

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