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NEW QUESTION: 1
A business had a balance at the bank of $1500 at the start of the month.
During the following month, it paid for materials of $1000, less trade discount of 20% and cash discount of 10%. It received a cheque from a trade receivable in respect of an invoice for $200, subject to cash discount of 5%.
The balance at the bank at the end of the month was
Give your answer to 2 decimal places.
Answer:
Explanation:
$969.90

NEW QUESTION: 2
True or false? All frames in an animation must have the same duration.
A. True
B. False
Answer: B

NEW QUESTION: 3
The largest obstacle to development of venture capital in emerging markets is
A. the lack of investor interest.
B. government interference.
C. the lack of capital to develop young companies.
D. the lack of accurate financial information of the young companies.
E. the lack of a strong IPO market for fast-growing and high technology firms.
Answer: E
Explanation:
Explanation/Reference:
Explanation:
The largest obstacle to development in emerging markets is the lack of a strong IPO market for fastgrowing and high technology firms. Emerging markets lack an active IPO market, which will create problems for exit strategies.