All categories

3 years ago

What do you know about the economic system?

1 answer:

6 0

An economic system is a system of production, resource allocation, and distribution of goods and services within a society or a given geographic area.

You might be interested in

Compton Company expects the following total sales: Month Sales March $ 37,000 April $ 27,000 May $ 21,000 June $ 32,000 The comp

Rina8888 [55]

Answer:

$11,025

Explanation:

From May sales, Total Credit sales = $21,000*70% = $14,700

Cash Collected in May (for sales) = Total Credit sales * 25%

Cash Collected in May = $14,700*25%

Cash Collected in May = $3,675

Accounts Receivables Balance = Total Credit sales (May) - Cash Collected in May

Accounts Receivables Balance = $14,700 - $3,675

Accounts Receivables Balance = $11,025

So, the budgeted accounts receivable balance on May 31 is $11,025.

5 0

3 years ago

A new sports car sells for $40,000. The value of the car decreases by 12% annually. After how many years will it be worth half o

Marysya12 [62]

Answer:

n= 6.11 years

Explanation:

Giving the following information:

Present value= $40,000

Future value= $20,000

Decrease rate= 0.12

To calculate the number of years for the car to reach a value of $20,000; we need to use the following formula:

n= ln(FV/PV) / ln(1+i)

n= ln(20,000/40,000) / ln(1.12)

n= 6.11 years

8 0

2 years ago

) What is the definition of business research? A) The process of analyzing secondary information and providing executives with t

Alisiya [41]

Answer:

The correct answer is option D) The process of designing, gathering, analyzing, and reporting information that may be used to solve a specific marketing problem.

Business research can help organizations to come up with solutions that can help them grow out of problems related to any section of the business. Enough data needs to be collected so the problem can be analysed properly and the solution can be figured out in a productive manner.

6 0

3 years ago

The following data concerns a proposed equipment purchase: Cost$144,000 Salvage value$4,000 Estimated useful life 4years Annual

ycow [4]

Answer: $74,000

Explanation:

The Average Investment refers to the average cash invested into a particular project and is useful in calculating the rate of return. The simple formula is to add the beginning value of the asset to its ending value and divide this by 2.

The ending value in this case would be the salvage value;

Average Investment = $\frac{Beginning Cost of Machine + Salvage Value}{2}$

= $\frac{144,000 + 4,000}{2}$

= $74,000

8 0

3 years ago

Oren and pat are parties to a contract for the management of oren's residential rental properties. a dispute arises between them

Vanyuwa [196]

A compromise, or settlement agreement, that arises out of a genuine dispute over the obligations under an existing contract will be recognized at law. The agreement will be substituted as a new contract when there is the agreement by the parties to the new contract and will either expressly revoke and discharge the obligations under the prior contract. It does not require the intervention of the law.

4 0

3 years ago