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natka813 [3]
2 years ago
8

The Cycling Company suggests a list price of $850 for its brand bicycle. If the series trade discounts are 30 percent for retail

ers and 15 percent for wholesalers, the wholesalers would pay ____________________ for each bicycle.
Business
1 answer:
DochEvi [55]2 years ago
8 0

850x.45=340 wholesaler has to pay

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You saved $500 in currency in your piggy bank to purchase a new laptop. The $500 you kept in your piggy bank illustrates money’s
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The answer to the three fill in the banks as per order given in question are- store of value , unit of account , medium of exchange.

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When $500 are kept in piggy bank to buy laptop, it illustrates the store of value function of money. This is a function where money is kept or stored to purchase some item in the future, given money doesn't lose its purchasing power .

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7 0
2 years ago
Snow Co. began operations on January 2, 2017. It employs 15 people who work 8-hour days. Each employee earns 10 paid vacation da
Arlecino [84]

Answer:

Given that,

Number of employees who work for 8-hours a day = 15

Annual paid leaves for each employee = 10

Average hourly wage rate(2017) = $24.00

Average hourly wage rate(2018) = $25.50

Average vacation days used by each employee in 2018 = 9

Therefore, the Journal entries are as follows:

(1) On 2017,

Wages expense A/c       Dr.  $28,800

To vacation wages payable                    $28,800

( 15 × 8 hrs × 10 days × 24)

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(2) On 2018,

Wages expense A/c                                                   Dr. $1,620

Vacation wages payable(15 × 8 hrs × 9 days × 24) Dr. $25,920

To cash ( 15 × 8 hrs × 9 days × 25.50)                                             $27,540

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(3) On 2018,

Wages expense A/c       Dr.  $30,600

To vacation wages payable                    $30,600

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3 0
2 years ago
Tom Adams has received a job offer from a large investment bank as a clerk to an associate banker. His base salary will be $59,0
Aloiza [94]

Answer:

Present value of the offer = $739,018.03

Explanation:

The cash flows described in the question from end of year 1 to end of year 20 represent a growing annuity for  20 years. The present value of a growing annuity is calculated as follows:

PV= \frac{P}{i-g}*[1-[\frac{1+g}{1+i}]^n]

where P = the annuity payment in the first period

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         n = number of payment periods

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2 years ago
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