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marta [7]
3 years ago
9

The function f(x) = 2,000(1 + )12t models the balance in a savings account.

Business
2 answers:
Naddika [18.5K]3 years ago
8 0
? wat class this for
tresset_1 [31]3 years ago
4 0

Answer:

In the exponential function f(x) = P(1 + )nt :

P = principal value

r = the annual interest rate

n = number of compounding periods in a year

t = time in years

For the given function, P = 2,000, r = 0.0225, or 2.25%, and n = 12. So, the interest compounds 12 times a year, or monthly.

Therefore, the savings account had an initial balance of $2,000 and compounds monthly at an interest rate of 2.25%.

Explanation:

Explanation from PLATO

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The following is a condensed version of the comparative balance sheets for Sweet Corporation for the last two years at December
notsponge [240]

Answer:

Cash flow from operating activities

Net income                                                      $352,000

<u><em>Adjustment to reconcile net income to </em></u>

<u><em>net Cash flow from operating activities</em></u>

Depreciation expense                                    $26,350

Loss on investment sold                                 $15,500

Decrease account receivable                         $7,750

Decrease current liabilities                            <u>-$26,350</u>

Net cash flow from operating activities                              $348,250

Cash flow from investing activities

Sale of investment                                           $12,100

Purchase of equipment                                 -<u>$89,900</u>

Net cash used investing activities                                       -<u>$77,800</u>

Cash flow from financing activities

Dividend paid                                                  -$66,000  

Net cash used financing activities                                       -<u>$66,000</u>

Net cash increase (decrease)                                              $204,450

Beginning Cash                                                                     <u>$120,900</u>

Ending Cash                                                                          <u>$325,350</u>

6 0
3 years ago
The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers
Alchen [17]

Answer: Please see answer in the expalantion column

Explanation:

To record merchandise sold on account

Date Account Titles and  Explanation        Debit     Credit

Mar 2 Accounts Receivable-Equinox Co $20,000  

                              Sales                                            $20,000.

To record cost of merchandise sold on account

Date Account Titles and  Explanation        Debit     Credit

Mar 2  Cost of Merchandise Sold        $13 150.00  

Merchandise Inventory                                            $13,150.00

To record merchandise sold for cash

Date Account Titles and  Explanation        Debit     Credit

Mar 3     Cash(10,950 + 657)                       $11,607.00

                           Sales                                                  $10,669.00

Sales Tax Payable(10,950 x 6%)                                   $657.00

To record cost of merchandise sold on account

Cost of Merchandise Sold                    $7,100.00  

Merchandise Inventory                                              $7,100.00

To record cost of merchandise sold on account

Date Account Titles and  Explanation        Debit     Credit

Mar 4 Accounts Receivable-Empire Co $51,450.00  

                                           Sales                              $51,450.00

To record cost of merchandise sold on account

  Cost of Merchandise Sold                $35,420.00  

Merchandise Inventory                                            $35,420.00

To record merchandise sold using Master card

Mar 5 Cash(27900 +1,674)                  $29,574

                            Sales                                               $27,900

Sales Tax Payable(27,900 x6%)                                $1,674

To record cost of merchandise sold using Mastercard

Cost of Merchandise Sold $18, 470.00  

Merchandise Inventory                                         $18,470.00

To record receipt of check from Equinox Co

Date Account Titles and  Explanation        Debit     Credit

Mar 12 Cash(20,000-200)                           $18,000 

Cost of merchandise sold (20,000 x 1%)        $ 200

Account Receivable-Equinox Co                                   $20,000

To record cost of merchandise sold using American Express

Date Account Titles and  Explanation        Debit     Credit

Mar 14 Cash                                        $12,380

                       Sales                                                    $12,380

To record cost of merchandise sold on account

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        Merchandise Inventory                                       $9,120

To record  merchandise sold on Account

Date Account Titles and  Explanation        Debit     Credit

Mar 16 Accounts Receivable-Targhee Co  $28,500  

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To record cost of merchandise sold on account

Cost of Merchandise Sold               $14,690  

Merchandise Inventory                                                 $14,690

To record credit memo  for returned merchandise

Date Account Titles and  Explanation        Debit     Credit

Mar 18 Sales                                         $4,400.00  

Accounts Receivable-Targhee Co                            $4,400.00

To record cost of merchandise sold on account

Cost of Merchandise Sold                 $2,910.00 

Merchandise Inventory                                            $2,910.00

To record  merchandise sold on Account

Date Account Titles and  Explanation        Debit     Credit

Mar 19 Accounts Receivable- Vista Co   $7,400  

                         Sales                                                        $7,400

To record cost of merchandise sold on account

Cost of Merchandise Sold                   $4,630  

Merchandise Inventory                                                 $4,630

To record freight charges on behalf of Vista Co

Accounts Receivable- Vista Co        $55.00  

   Cash                                                                             $55.00

To record transaction of receipt of check from Targhee Co(

Date Account Titles and  Explanation        Debit     Credit

Mar 26 Cash (24,100 - 241)                       $23,859

Cost of merchandise sold(24,100 x1%)             $241  

Account Receivable-Targhee Co(28,500 -4,400)         $24,100

To record transaction of receipt of check from Vista co

Date Account Titles and  Explanation        Debit     Credit

Mar 28 Cash(7455-149.1)                 $7,305.00  

Sales Discount (2% x $7455)              $149.10

Account Receivable-Vista Co  $7,400 +55)                   $7,455

To record transaction of receipt of check from Empire Co

Date Account Titles and  Explanation   Debit     Credit

Mar 31 Cash                                       $51,450.00  

Account Receivable- Empire Co                       $51,450.00

To record payment of delivery for mechandise

Date Account Titles and  Explanation   Debit     Credit

Mar 31 Delivery Expenses                    $5,100.00  

             Cash                                                              $5,100.00

To record p[payment of service charges to BANK

Apr 3 Credit card Expenses             $850   

                        Cash                                                     $850

To record payment of Sales Tax Division

Apr 15 Sales Tax Payable                $6,212  

Cash                                                                               $6,212

3 0
3 years ago
4. Which of the following is true of social capital?
maks197457 [2]

Answer:

Option C.

Explanation:

Social capital is basically the relationships among people who live and work in a particular society, thus allowing that society to function effectively". As such. The value of social capital is determined by the number of the relationships in a social network.

8 0
2 years ago
The average ticket price for a concert at the opera house was ​$50. The average attendance was 2500. When the ticket price was r
Ber [7]

Answer:

The price per ticket should be $37.5

Explanation:

First we need to determine the change in demand (attendance) as a result of every $1 increase in the price of ticket.

The ticket price increased by $4 (from 50 to 54) and the demand fell by 400 (from 2500 to 2100). The change per dollar is,  400 / 4 = 100.

So, for every $1 increase in price, demand falls by 100.

The revenue is calculated by multiplying price by quantity demanded. Revenue equation will be,

Let x be the change in price from $50.

Revenue = (50 + x)  * (2500 - 100x)

Revenue = 125000 - 5000x + 2500x - 100x²

Revenue = 125000 - 2500x - 100x²

To calculate the price that maximizes the revenue, we need to take the derivative of this equation.

d/dx = 0 - 1 * 2500x° - 2 * 100x

0 = -2500  -  200x

2500 = -200x

2500 / -200 = x

-12.5 = x

Price should be 50 - 12.5 = 37.5

At price $37.5 the revenue of the Opera House is maximized.

6 0
3 years ago
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