Answer:
compound interest
Explanation:
compound interest is a practice where the interest earned qualifies to earn more interest. Compound interest is offered on some savings accounts. The interest earned every year is not withdrawn but is added to the principal amount. The principal amount increases at the beginning of every period.
The act of adding interest to the principal, which results in interest earnings on interest, is known as compound interest. Accounts that offer compounding interest are preferred to simple interest accounts. A saved amount in a compound interest account will grow faster as the principal amount will increase every year.
Answer:
deferred revenue
Explanation:
Deferred revenue refers to payments received in advance for services which have not yet been performed or goods which have not yet been delivered.
<span>DELETE because it makes sense you welcome </span>
Answer:
Acme's current balance of accounts payable is $6000
Explanation:
The closing balance of accounts payable can be calculated using the opening balance and adjusting the changes during the period to the opening balance.
The closing balance can thus be calculated as:
Closing balance = Opening balance + Credit purchases - Payment to Accounts payable
Closing balance = 3000 + 4000 - 1000
Closing balance = $6000
Answer:
inward shift in the supply curve.
Explanation:
= I = S + (T-G). shift in the supply curve.
