Answer:
Interest on Interest or Compound Interest
Explanation:
The process of earning interest on prior interest income is called "Interest on Interest" which is also known as "Compound Interest".
It is the result of reinvesting interest instead of withdrawing out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest.
Answer: She should pay down both her student loan and the credit card debt
Explanation:
From the question, we are informed that Anastasia makes a good salary but wants to be sure she has good credit so she can buy a condominium when she has saved enough money for a down payment on a mortgage.
The best thing she can do to improve her creditworthiness is for her pay down both her student loan and the credit card debt. This would help her to increase her creditworthiness.
Answer: Consumer Spending
Explanation:
As more Americans find jobs, they will be able to earn an income. As they do so they will be able to spend more on goods and services in the economy thereby increasing Consumption spending which is the largest determinant of Aggregate Demand.
As a result of this increase in Consumption, Aggregate demand will change by increasing as well.
Since the interest payable, principal and the maturity date was not given in this problem. I can only give you the account titles used and their respective debit and credit side. But to know the interest owed, used the formula I = Prt.
So when Whispering Winds Corporation receives the principal and the interest payment, the entry would be:
Debit Cash xx
Credit Notes Receivable xx
Credit Interest Income xx
Answer:
Value/Core Value
Explanation:
International Business Machines is known as IBM throughout the world. The company was established to innovate the technology with the help of creative hardware. Like other companies, IBM has some core values. These are -
1) a dedication to every client’s success - It means the company is trying to create long-lasting and passionate relationship with the clients.
2) innovation that matters for our company and for the world - It means they think about the future and seek for extensive challenges; and,
3) trust and personal responsibility in all our relationships - It means that there is a personal relationship is the important constituency.