Your money will double in approximately 11 years and quadruple in approximately 22.
Use the Rule of 72 for doubling (72/interest rate= number of years to double) and the Rule of 144 to quadruple (144/interest rate= number of years to quadruple).
Answer: $3,175,000
Explanation:
Sales in dollars needed to produce the target income is calculated by the formula:
= (Fixed assets + Target pretax income) / Contribution margin per unit * Selling price
Contribution margin per unit = Contribution margin / Units sold
= 606,000 / 10,100
= 60 units sold
Sales in dollars needed are:
= (468,000 + 167,000) /60 * 300
= $3,175,000
Answer:
Journal of given entries
Explanation:
to Sales ac 20000
to Account Receivables ac 17400
- Prepaid Insurance ac dr 4900
to Cash ac 4900
- Accounts Payable ac dr 990
to Cash ac 990
to Prepaid Insurance ac 3900
to Advance ac 7700
to Cash ac 1420
to Cash ac 1200
The purpose of checking your checking acct is to make sure no one is stealing your money. People can steal ATM info and withdrawl cash
If there are two goods in a market economy, the amount of each good that will be produced is based on the buyers and sellers' interactions in the market for each good.
<h3>What determines production?</h3>
Production in a market depends on the interactions between the buyers of the good and the sellers of the same good in the market.
Goods that are sold more by sellers and bought more by buyers will be produced in higher quantities as they are more sought after.
Find out more on the impact of demand on sales at brainly.com/question/1105224
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