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2 years ago

5

According to the rule of 72, if Jo invests $100 and $1000 into two separate accounts with the same interest rate, which amount w

ill double faster?

2 answers:

mrs_skeptik [129]2 years ago

8 0

man i need help plz :( answer not showingzzz!!!

dedylja [7]2 years ago

4 0

both will double at the same rate

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Kite Corporation has provided the following contribution format income statement. Assume that the following information is withi

laiz [17]

Answer:

40%

Explanation:

Contribution margin = Contribution ÷ Sales × 100

= 72,000 ÷ $180,000 × 100

= 0.4 × 100

= 40%

Please not that other information given in the question are not relevant in arriving at the contribution margin ratio hence will be ignored.

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2 years ago

Real GDP per capita Multiple Choice 1. can grow either more slowly or more rapidly than real GDP. 2. cannot grow more slowly tha

Nat2105 [25]

Answer:

1) can grow either more slowly or more rapidly than real GDP.

Explanation:

Real GDP per capita is the result of dividing real GDP by the total population of a country. Real GDP per capita changes are determined by both the changes in the real GDP and the changes in the population.

If real GDP grows at a slower rate than the population, then real GDP per capita will decrease. But if real GDP grows at a faster rate than the population, then real GDP per capita will increase.

For example, real GDP grows at 3% while population grows at 2%, real GDP per capita will grow by 1%. But some countries have positive economic growth and negative population growth, so the real GDP could grow by only 2%, but since the population growth is -1%, the real GDP per capita will grow at 3%.

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2 years ago

The pdca cycle is a powerful approach for problem solving as it provides the foundation for teams to

natima [27]

The pdca cycle is a powerful approach for problem solving as it provides the foundation for teams to figure out ways to change and implement new ideas within their group setting and project or business. The PDCA stands for plan-do-check-act. In the planning stage your team will plan by determining what the problem is and what ways to fix it. In the do stage, your team will act on the ways you can solve the problem. In the check stage you are looking to check your work and see what worked and what needs to be changed. The final stage is the act stage which if you find solutions that work, implement them moving forward.

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2 years ago

A young couple living in rural west-central Missouri heard about the closing of a local grocery store. Although a small operatio

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As new store owners, they had to carefully watch cash flow. As their customer base began to grow, they began offering hot food, and hired others to help with the operation. The economic benefit created in this story is called <u>An Invisible Hand</u>

Explanation:

Invisible hand refers to an economic term that is used to describe the unexpected benefits of a business venture which was started with the sole purpose of self benefit but later on that benefit is also enjoyed by the community as a whole

This clearly states the economic benefit which was unexpected in the business.

In the given Scenario also, the couple occupied the business but, the benefits were completely unexpected and the growth rate was also high as related to investment made.

Thus, the correct phrase for such situation is:<u>Invisible Hand</u>

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2 years ago

Listed below are several transactions that took place during the first two years of operations for the law firm of Pete, Pete, a

In-s [12.5K]

Answer:

1. Computation of Net Operating Cash flow

Particulars Year 1 $ Year 2 $

<u>Net Operating Cash flow</u>

Cash collected from clients $167,000 $197,000

Less: Cash Disbursement

Salaries $97,000 $107,000

Utilities $33,500 $47,000

Purchase of insurance policies $62,100 $0

Net Operating Cash Flow -$25,600 $43,000

Therefore, net operating cash flow for year 1 is -$25,600 and year 2 is $43,000.

2. Income Statement for each year

Particulars Year 1 $ Year 2 $

Revenue $184,000 $234,000

Expenses:

Salaries $97,000 $107,000

Utilities $38,500 $42,000

Insurance Policy($62, 100/3) $20,700 $20,700

Net Income $27,800 $64,300

Working:

Utilities for year 2 = $33,500 + $47,000 - $38,500 = $42,000

3. Computation of account receivables

Particulars Year 1 $ Year 2 $

Account receivables beginning balance $0 $17,000

Add: Account billed to client $184,000 $234,000

Less: Cash collections from clients $167,000 $197,000

Ending account receivables $17,000 $54,000

Therefore, net amount of account receivables for year 1 is $17,000 and year 2 is $54,000

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2 years ago