If a savings account pays 3.5% interest, then according to the rule of 70 how long will it take for the account balance to double?
Approximately 20 years
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What is the journal entry to record the direct labor summarized on the labor distribution report?
a. debit to Finished Goods and credit to Payroll b. debit to Work-in-Process and credit to Payroll c. debit to Payroll and credit to Direct Labor d. debit to Payroll and credit to Cash
A monopolist has the power to set price, but is not entirely free to set the price of its product. Explain
What will be an ideal response?
What decisions must a firm make to maximize profit?
What will be an ideal response?
Your U.S.-based company is selling parts to a company in Chile and the company will pay you 9.8 million pesos in 3 months. The current exchange rate is 490 pesos/US$. If the exchange rate at the time of payment is 510 pesos/US$
A) you earn additional profit. B) the Chilean company will end up paying more for the goods. C) the Chilean company will end up paying less for the goods. D) you earn less profit.