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3 years ago

1) In your own words, explain the difference between simple interest and compound interest.

Business

1 answer:

galben [10]3 years ago

6 0

One interest is simple the other is compound......

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how many years will be required for a given sum of money to triple, if it is deposited in a bank account that pays 6% per year c

IgorLugansk [536]

Answer:

19 years

Explanation:

the 19th year your money will triple and be worth 3.0256 times the original sum.

7 0

3 years ago

Ferkil Corporation manufacturers a single product that has a selling price of $100 per unit. Fixed expenses total $225,000 per y

ahrayia [7]

Answer:

Break-even point in units= 6,500 units

Explanation:

Giving the following information:

Selling price per unit= $100

Fixed expenses total $225,000 per year

Break-even point= 5,000

Desired profit= $67,500

<u>First, we need to calculate the contribution margin per unit:</u>

Break-even point in units= fixed costs/ contribution margin per unit

5,000= 225,000 / contribution margin per unit

contribution margin per unit= 225,000/5,000

contribution margin per unit= $45

<u>Now, we can determine the number of units to be sold:</u>

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (225,000 + 67,500) / 45

Break-even point in units= 6,500 units

4 0

3 years ago

ohn joined the military during his senior year in high school with a deferred reporting date. He heard about jobs within the mil

nirvana33 [79]

Answer: a. Boot camp is the military's version of employee orientation.

Explanation:

To become an employee in a company, it is standard practice for the employer to give the employee an orientation so that they may be able to perform better at their jobs because they would know what is expected of them and how to go about achieving this.

This is the same for the military. When they send recruits to boot camps, they are doing their version of employee orientation because the recruit will learn what Uncle Sam expects from them and how they are to accomplish these tasks.

5 0

3 years ago

____ software is a type of application that assists professionals and designers in creating engineering, architectural, and scie

Zolol [24]

Computer-Aided Design (CAD)... is a type of software application that assists professionals and designers in creating engineering, architectural, and scientific designs and models.

7 0

3 years ago

How do variable costs per unit behave?(a) they decrease as production increases(b) they decrease as production decreases(c) they

cricket20 [7]

Answer:

The correct answer is option c.

Explanation:

Variable cost is the cost incurred on the variable factors. In the production process, to increase output more variable inputs are hired. So, the total variable cost will increase with an increase in production.

But the variable cost per unit is the variable cost incurred on a single unit of output. This will remain the same throughout the process and change only if there is a change in input prices.

8 0

3 years ago