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Darya [45]
1 year ago
13

Why is simple interest useful for planning parts of your financial future? a. simple interest can endure unforeseen economic cha

nges by fluctuating. b. simple interest generates more money than any other source of income. c. simple interest grows more quickly if you invest in it longer. d. simple interest is very regular and can be calculated in advance. please select the best answer from the choices provided a b c d
Business
1 answer:
deff fn [24]1 year ago
3 0

A bank with a simple interest savings plan will automatically transfer money from your paycheck to your savings account, letting you save without any extra effort.

Simple interest allows your money to earn money, so you have to save less.

<h3>What Is Simple Interest?</h3>

Simple interest is a quick and easy method of calculating the interest charge on a loan.

Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments.

<h3>Where is simple interest used in real life?</h3>

Application of Simple Interest:

In our daily lives, sometimes, we come across a situation where we need to borrow money from a bank, post office or a moneylender for a specified period.

At the end of this period, we must pay back the money we had borrowed plus some additional money for using the lender's money.

Learn more about simple interest here:

<h3>brainly.com/question/1325643</h3><h3 /><h3>#SPJ4</h3>

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A written agreement setting forth issues between labor and management is called a?
marishachu [46]

Labor contract.

A labor contract sets for the rights and responsibilities of labor and management for unions and other labor groups.

3 0
3 years ago
Which type of third party plan covers prescriptions for anyone eligible for medicare benefits, including senior citizens?
Citrus2011 [14]
The third party plan that covers prescriptions for those eligible for medicare is usually an insurance plan that has extended health so that after paying a small deductible like $25 then the medicine costs will be reimbursed at the rate of say 80% of their costs.
7 0
3 years ago
Operating costs incurred by a manufacturing company become either (1) part of the cost of inventory to be expensed as cost of go
Lana71 [14]

Sales salaries are expensed at the time they are incurred.

In 2020, the average sales representative's salary was $73,500. In 2020, the average salaries for comparable jobs were $147,580 for a sales manager, $69,100 for an insurance salesman, $62,990 for a realtor, and $30,940 for a retail salesperson yes you can be a millionaire or billionaire as a seller.

Sales salaries careers are well paid and he ranks third on this list of high-paying jobs without a degree. A salesperson's revenue is directly tied to their sales performance. This means that sales positions have excellent earning potential. Working in sales can be incredibly stressful.

Learn more about Sales salaries at

brainly.com/question/24825618

#SPJ4

4 0
1 year ago
Gnosis Inc. is an energy drink manufacturer. A white racing stag on a purple background is the logo on all of its drinks. When c
xz_007 [3.2K]

Given that the logo of the brand is what makes people to buy when they see it, it is an example of a retrieval cue.

<h3>What is a retrieval cue?</h3>

This is the cognitive and the phsyical environment of a person that helps them to recall certain things.

The cue here helps people to but the brand of this drink because they have become so familiar with it.

Read more on business here: brainly.com/question/24553900

#SPJ1

3 0
2 years ago
Confectioners, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid
grandymaker [24]

Answer:

$0.215

Explanation:

The computation of the cost per item in Group 1 is shown below:-

Candy amount paid = $3,100

Item received = 7,100

For Group 1

Sale value = Group 1 units × Selling price

= 2,110 × $0.15

= $316.5

For Group 2

Sale value = Group 2 units × Selling price

= 4,720 × $0.35

= $1,652

For Group 3

Sale value = Group 3 units × Selling price

= 270 × $0.71

= $191.7

= Total sale value = $316.5 + $1,652 + $191.7

= $2,160.2

So, Sale percentage for Group 1 = $316.5 ÷ $2,160.2

= 14.65%

Now, the proportion of cost for Group 1

= $3,100 × 14.65%

= 454.15

Cost per unit = Proportion cost ÷ Group 1 units

= $454.15 ÷ 2,110

= $0.215

4 0
3 years ago
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