Find the Nth Term of the Geometric Sequence $4,2,1 , \frac { 1 } { 2 } , \ldots$

question 62

Multiple Choice

Find the nth term of the geometric sequence.
- $4,2,1 , \frac { 1 } { 2 } , \ldots$

• A) \(a _ { n } = 4 \left( \frac { 1 } { 4 } \right) ^ { n - 1 }\)
• B) \(a _ { n } = \frac { 1 } { 2 } ( 4 ) ^ { n - 1 }\)
• C) \(a _ { n } = 4 \left( \frac { 1 } { 2 } \right) ^ { n - 1 }\)
• D) \(a _ { n } = 4 \cdot 2 ^ { n - 1 }\)

Differentiate between current and non-current (long-term) components of the classified balance sheet, including assets and liabilities.

Recognize and correct common accounting errors related to the recognition of revenue and other transactions.

Identify the types of accounts that appear on a post-closing trial balance and understand the distinction between permanent and temporary accounts.

Understand the closing process in accounting, including the preparation of entries to close income summary and owner's drawings accounts.

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Definitions:

Total Revenue

The total income generated by a business from the sale of goods and services before any costs or expenses are deducted.

Price Decrease

refers to a reduction in the cost of a good or service, which can lead to an increase in demand due to the law of demand, assuming other factors remain constant.

Unit Elastic

A situation in which the percentage change in quantity demanded or supplied is equal to the percentage change in price.

Total Revenue

The total amount of money generated by the sale of goods or services before any costs are deducted.