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1 year ago

How is compound interest different from simple interest?

Business

1 answer:

hammer [34]1 year ago

4 0

Answer: How is compound interest different from simple interest?

Explanation: Simple interest is interest payment is calculated on only the principal amount; whereas compound interest is interest calculated on both the principal amount and all the previously accumulated interest.

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Suppose that a firm operating in perfectly competitive market sells 200 units of output at a price of $3 each. Which of the foll

miv72 [106K]

Answer:

The correct answer is option i.

Explanation:

A firm is operating in a perfectly competitive market.

The firm is selling 200 units of output.

The price of each unit of output is $3.

In a perfectly competitive market, a single firm faces a horizontal line demand curve. This horizontal line represents demand, price line, average revenue, and marginal revenue.

So if the price is $3, it implies that the marginal revenue and average revenue is also equal to $3.

The total revenue is $600.

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3 years ago

Which person argued that a corporate manager's primary responsibility is to the shareholders of the organization and that manage

Maksim231197 [3]

Answer:

d. Milton Friedman

Explanation:

Milton Friedman is an American economist that believed in the free market capitalism. He was a free market advocate. He therefore advocated that the social responsibility of a manager is to maximize shareholders returns.

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3 years ago

Read 2 more answers

Which of the following skills are

Verizon [17]

Answer:

A. organization

Explanation:

a secretary writes the minutes during a meeting and also schedules the meetings for his boss therefore he/she must be organized for the work to be done efficiently.

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2 years ago

Cindy is taking out a loan today. The cash amount that she is receiving is equal to the present value of the lump sum payment th

algol13

Answer:

Pure discount

Explanation:

Cindy is taking a pure discount type of loan. A pure discount loan is the promise to pay a certain sum of money in the future in exchange for borrowing money today. Cindy gets money today and repays a single lump sum at a future date. A pure discount loan is where the principal is paid back at a future date without any periodic interest payments

7 0

3 years ago

Flounder Company purchased a delivery truck for $33,000 on January 1, 2020. The truck has an expected salvage value of $2,000, a

Anna35 [415]

Answer:

Through straight line method

In year 2020 =3100

In year 2021 = 3100

Through double declining method

In year 2020=6600

In year 2021= 5280

Through activity based

in year 2020=4544

in year 2021=3366

Explanation:

Through straight line method

Formula is (Cost-salvage)/Useful years

So,

Cost of good is $33000

Salvage amount is $2000

Number of useful years 10

Putting the values

(33000-2000)/10

3100

As, this is straight line method, depreciation for the next year (2021) would also remain same. 3100

Through double declining method

Formula is 2* depreciation rate

so, 2* 1/10

double declining rate is 1/5

So, 33000*1/5= 6600

6600 for 2020

Next year (2021),

Now we would subtract the amount of 6600 (already depreciated) from the 33000.

So, 33000-6600= 26400

Applying the rate, 26400*1/5 = 5280

So, next year 5280

Through activity based

we depreciate the truck according to its usage

So, in first year it was used 13800 miles. Maximum it can be used for 100,000 miles

First year 13800/100000= 13.8% used

we depreciate then 33000*13.8%= 4554

So, in 2020 4554

Next year (2021)

It was driven 10200 which is 10200/100000= 10.2%*33000

So, 0.102*33000= 3366

In 2021, depreciation of machine according to the activity based system was 3366

4 0

3 years ago