Solution :
Date Account Debit($) Credit($)
April 2 Cash 27,330
Equipment 14,650
Capital 41,980
April 2 No journal is required on hiring employee
April 3 Supplies 338
Accounts payable 338
April 7 Rent expense 590
Cash 590
April 11 Accounts receivable 929
Service revenue 929
April 12 Cash 3021
Unearned service revenue 3021
April 17 Cash 2535
Service revenue 2535
April 21 Insurance expense 101
Cash 101
April 30 Salary expense 1352
Cash 1352
April 30 Supplies expense 138
Cash 138
April 30 Computer 5841
Capital 5841
Answer:
Annual deposit= $37,714.37
Explanation:
Giving the following information:
The villa costs $500,000 today, and housing prices in Mexico are expected to increase by 6% per year. Manny and Irene want to make fifteen equal annual payments into an account, starting today, so there will be enough money to purchase the villa in fifteen years.
The account earns 10% per year.
First, we need to calculate the final value of the house with the following formula.
FV= PV*(1+i)^n
FV= 500,000*(1.06^15)=$1,198,279.1
Now, we can calculate the annual payments required:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,198,279.1*0.10)/[(1.10^15)-1]
A= $37,714.37
The right answer for the question that is being asked and shown above is that: "a. rivalry among existing firms in an industry" Information-based industries are most susceptible to one of Porter’s five forces which is the a. rivalry among existing firms in an industry
Answer:
With dealer-arranged financing, the dealer collects information from you and forwards that information to one or more prospective auto lenders. Alternatively, with bank or other lender financing, you go directly to a bank, credit union, or other lender, and apply for a loan.
Explanation:
Answer:
C) $3.00
Explanation:
since Fred has been able to maximize his utility by consuming both pizza and beer, the marginal utility per dollar of pizza and beer must be equal.
The price of a bottle of beer is $1.50 and Fred obtains 4 utils from consuming it. If the marginal utility of pizza is 8 units, it is equivalent to 2 beers. So the price of pizza must equal $1.50 x 2 = $3
