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3 years ago

Question 7 (1 point)

Business

1 answer:

krok68 [10]3 years ago

7 0

Answer: John's Savings account balance declined by $50 and his Checking account balance increased by $50

Explanation:

The checking account statement shows that there was an online funds transfer from Savings into the checking account.

The checking account will therefore increase by $50 because money was transferred into it and therefore added to its balance. The savings account on the other hand, will reduce by the same amount because it transferred the money into another account.

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those people who own the mode of production are typically of than laborers. group of answer choices a lower class the same class

hoa [83]

Those people who own the mode of production are typically of higher class than laborers.

In the Marxist theory of historical materialism, a mode of production refers to a specific combination of the productive forces, which tend to include the human labour power, and another one is the social and technical relations of production.

So, here Marx says that a person's productive ability and his participation in the social relations are known to be the two essential characteristics of social reproduction. Thus, those people who tend to own the mode of production are typically of the higher class than the laborers.

Hence, option C is correct.

To learn more about the mode of production here:

brainly.com/question/29320253

#SPJ4

3 0

1 year ago

Some companies have been accused of taking advantage of the current social trend of green marketing, positioning their products

jek_recluse [69]

Answer:

greenwashing

Explanation:

Greenwashing -

It is the process , where the company spends more amount of time and monetary value on marketing the company as environmentally friendly , rather than decreasing the impact on environment , is referred to as greenwashing.

It is basically a advertising stunt , in order to mislead the consumers , who buys the products just because the product is environmentally friendly.

Hence, from the question ,

the practice performed by the company is greenwashing.

4 0

3 years ago

The following transactions involving intangible assets of Minton Corporation occurred on or near December 31, 2017. 1. Minton pa

kvv77 [185]

Answer and Explanation:

As per the data given in the question,

The journal entries are shown below:

A. On the date of transaction

1. Franchise A/c Dr. $400,000

To Cash Cr. $400,000

(Being cash paid is recorded)

2. Research and development expense A/c Dr. $600,000

To Cash Cr. $600,000

(Being cash paid is recorded)

3. Patents A/c Dr. $180,000

To Cash Cr. $180,000

(Being cash paid is recorded)

4. Patents A/c Dr. $140,000

To Cash Cr. $140,000

(Being cash paid is recorded)

5. Legal fees expense A/c Dr. $480,000

To Cash Cr. $480,000

(Being cash paid is recorded)

6. Patents expense A/c Dr. $252,000

To Patents Cr. $252,000

(Being patent expense is recorded)

7. Research and development expense $104,000

To Cash Cr. $104,000

(Being cash paid is recorded)

B. Journal entries on Dec-31, 2018

1. No journal entry is needed

2. No journal entry is needed

3. Amortization expense A/c Dr. $18,000

To Patents Cr. $18,000

(Being the amortization expense is recorded)

4. Amortization expense $35,000 ($140,000 ÷ 4 years)

To Patents Cr. $35,000

(Being the amortization expense is recorded)

5. No journal entry is needed

6. No journal entry is needed

6 0

3 years ago

You want to buy a new car, but you can make an initial payment of only $1,200 and can afford monthly payments of at most $850. a

Leviafan [203]

Answer:

a. The maximum price you can pay for the car is $33,477.87.

b. The maximum price you can pay for the car is $39,411.78.

Explanation:

a. If the APR on auto loans is 12% and you finance the purchase over 48 months, what is the maximum price you can pay for the car? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

This can be determined as follows:

Calculation of the Present Value (PV) of the monthly payments

To calculate, the formula for calculating the present value of an ordinary annuity is used as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value of the monthly payments = ?

P = Monthly payment = $850

r = monthly interest rate = annual percentage rate (APR) / 12 = 12% / 12 = 1%, or 0.01

n = number of months = 48

Substitute the values into equation (1) to have:

PV = $850 * ((1 - (1 / (1 + 0.01))^48) / 0.01)

PV = $850 * 37.9739594934803

PV = $32,277.87

Calculation of the maximum price you can pay for the car

Given in the question is initial payment of only $1,200.

The present value of the monthly payments calculated above is $32,277.87.

Therefore, we have:

Maximum price = Initial payment + Present value of the monthly payments = $1,200 + $32,277.87 = $33,477.87

Therefore, the maximum price you can pay for the car is $33,477.87.

b. How much can you afford if you finance the purchase over 60 months? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

This can also be determined as follows:

Calculation of the Present Value (PV) of the monthly payments

To calculate this, we use equation (1) in part (a) above, change number f months to 60 and proceed as follows:

PV = Present value of the monthly payments = ?

P = Monthly payment = $850

r = monthly interest rate = annual percentage rate (APR) / 12 = 12% / 12 = 1%, or 0.01

n = number of months = 60

Substitute the values into equation (1) to have:

PV = $850 * ((1 - (1 / (1 + 0.01))^60) / 0.01)

PV = $850 * 44.9550384062241

PV = $38,211.78

Calculation of the maximum price you can pay for the car

Given in the question is initial payment of only $1,200.

The present value of the monthly payments calculated above is $38,211.78.

Therefore, we have:

Maximum price = Initial payment + Present value of the monthly payments = $1,200 + $38,211.78 = $39,411.78

Therefore, the maximum price you can pay for the car is $39,411.78.

5 0

3 years ago

The Starfire Coffee chain was the only coffee-shop chain and meeting place in many American cities for more than 12 years. Peopl

Kamila [148]

Answer: In this particular case we can reason that this scenario represents monopolistic-ally competitive market.

Both coffee house are offering a similar product and commodity, with only little differentiation in their design.

i.e. The Starfire Coffee chain provided consumer with peppermint coffee and the experience of sitting in front of a roaring fire, chatting with friends.

whereas Reindeer provided consumer with a mug of hot cocoa and a similar community experience.

5 0

3 years ago