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lisabon 2012 [21]
3 years ago
10

If the interest earned by a CD is compounded annually, which rule is most accurate when calculating how long it will take the mo

ney invested in the CD to double? (A). Rule of 69 (B). Rule of 72 (C). Rule of 4 (D). None of the above
Business
2 answers:
Bas_tet [7]3 years ago
8 0
I believe the answer is: B. Rule of 72

In financing, rule of 72 refers to a method to estimate an investment that being done by <span> dividing the interest percentage annually to obtain the prediction of  periods required for doubling. Rule of 72 is usually used when the interest type is common and the number is easily divisible.</span>
Gennadij [26K]3 years ago
5 0
B.) Rule of 72; just had this question on Apex and was trying to find the answer but guessed since I couldn’t find it. Posting to save a life!
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You are reviewing the accounting records of Cathy's Antiques, Inc. owned by Cathy Miller. You have uncovered the following situa
lakkis [162]

Answer and Explanation:

The accounting principles and the suggestions are shown below:

a. Business Entity Concept:

In this given situation, the amount of $500 should be refunded to the business or it can be recognized as the withdrawal amount by Cathy Miller. The suggestion is that She should use a personal check for paying daycare in the future for her son

b. Going Concern Concept:

Since the business is closed for month-long vacation in the month of June. As Cathy's Antiques is not closing the business for permanent. As she plans for reopening on July 1. The suggestion is that she should hold an inventory decline sale or for other relevant sales.

c.  Monetary Unit Concept:

The invoice should be restated in the united states for the purpose of accounting

d. Revenue Recognition Concept:

The revenue should be recognized when it is realized or earned. As the table is not delivered so the revenue should not be recognized.

The amount of $1,500 should be recorded for an account like deposits received from the customers until the delivering of the table is not done

4 0
3 years ago
Kelly works at an ice cream shop and observes that the number of people buying ice cream varies greatly from day to day.For a co
Murrr4er [49]

Answer:

B) use the observed data to form a hypothesis about ice cream buying behavior.

Explanation:

The scientific method is a research method where the first step is recognizing and identifying the problem ⇒ relevant information is obtained ⇒ a hypothesis is formulated ⇒ the hypothesis is tested.

In order for a research (that uses the scientific method) to be valid, the researcher must be able to duplicate the research process and obtain the same or similar results.

7 0
3 years ago
A ________ is responsible for evaluating and recommending proposed long-term investments.
mafiozo [28]

A <u>financial analyst</u> is responsible for evaluating and recommending proposed long-term investments.

<h3>Who is a financial analyst?</h3>

A financial analyst is a person who has gained long-term experience in handling personal and public finances. The wealth of experience that they have acquired over the years has equipped them with the ability to give sound advice to people who seek financial advice.

When people also want to make long-term investments that require huge amounts of money, then they will also need the services of a financial analyst.

Learn more about financial analysts here:

brainly.com/question/20714328

#SPJ1

7 0
1 year ago
Mixing lime green and scarlet red would result in what outcome?
xxTIMURxx [149]

Answer:

idk but mixing Quin red and Sap green will give you a hershey brown color

Explanation:

Hope this helps

7 0
4 years ago
Read 2 more answers
From net earnings of $740 per month, Lisa Jones must spend $200 for her portion of the rent on an apartment she shares with two
vagabundo [1.1K]

Answer:

C. 27%

Explanation:

Percentage calculation will be as follows

Percentage of expense = \frac{Expense\: of \: rent}{Net \: Earnings} \times 100

Here, provided

Net Earnings = $740 per month

Rent paid by Lisa Jones = $200 per month

Therefore, percentage of rent over net income = \frac{200}{740} \times 100 = 27

Therefore correct option is

C. 27%

4 0
3 years ago
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