1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Helga [31]
3 years ago
15

Ariel is saving money to purchase a new computer before she leaves for college in two She wants to open a special account at a d

epository institution to keep her saved money safe. She has asked you for advice on which type of account would be best for her. What would be the best advice for Ariel
Business
1 answer:
dmitriy555 [2]3 years ago
4 0

Answer:

Shop for an account that earns high interest

Explanation:

Ariel should shop for an account that earns the highest interest rates in the market. With an account that earns high interest, Ariel does not need to save the entire amount required to purchase the computer. She will save a big percentage while the interest earned will add to the rest of the amount.

An account that compounds interest would be ideal for her.  Compounding interest means that interest earned in the year is added to the principal amount. The principal amount increases, so does interest in the preceding seasons.

You might be interested in
An individual wishes to deposit an amount of money now and $100 every year so that at the end of 10 years $1,500 will have been
Anna71 [15]

Answer:

$332.26

Explanation:

The amount to be invested today is known as the Principle Value. We discount the future cash flows using the effective interest rate to arrive at the Principle Value.

Using a financial calculator, we can determine the Principle Value (PV) simply as follows :

PV = ??

PMT = - $100

P/YR = 1

I = 2 %

FV = $1,500

N = 10

This gives a PV of ($332.26)

therefore,

$332.26 should be deposited now to meet the goals.

6 0
3 years ago
Outback Corp. recorded sales of $1,300,000 in 2010, in addition the company's accounts receivable balance grew from $120,000 at
klemol [59]

Answer:

$1,255,000

Explanation:

The increase in accounts receivable is the portion of the current year sales revenue that has not been received in cash, hence, the cash collected from customers in the year 2010 is simply the sales adjusted for the impact of accounts receivable as shown below:

cash collection=sales revenue+beginning accounts receivable-ending accounts receivable

sales revenue=$1,300,000

beginning accounts receivable=$120,000

closing accounts receivable=$165,000

cash collection=$1,300,000+$120,000-$165,000

cash collection=$1,255,000

8 0
3 years ago
Claude purchased raw land three years ago for $1,500,000 to develop into lots and sell to individuals planning to buildtheir dre
dmitriy555 [2]

Answer and Explanation:

Clude had purchased the raw land three years ago for $150000 and treated it like a inventory. she constributed the property to south peak investments LLC in exchange for 10% profit interest. but south peak will hold it for investment purpose.

a) after 4 years from Cludes contribution south peak sells the land for $3000000 the gain would be $3000000 - 1500000 = 1500000. the character is of long term capital gains since ths LLC held ot as investment asset

b) if south peak sells the asset after 5 years six months then also the gain would be sa,e and character would be same since LLC has held the asset fore investments purpose and at the same time its holding period is above one year.

3 0
3 years ago
Seble wants to open a floral shop in a downtown business district. She doesn't have fundsenough to purchase inventory and pay si
Ainat [17]

Answer: C. before Zhou invested Sebie prepared a detailed business and sales forcast, and provided Zhou with copies.

Explanation:

The provision of the detailed business plan to Zhoue is to familiarize her with details of how the business will run and once she keeps track with this, it cannot be a basis for Zhoue to acuse Serbie of fraud.

An assertion by Serbia or clear declaration of having experience or working in floral retail to Zhoue is a basis for fraud.

The compensation of Zhoue with 25% return in the business which is less than her initial investment in the business is also a basis for fraud claim by Zhoue.

3 0
3 years ago
How can you get a mouse to function properly?
irga5000 [103]

Answer:

Unfortunately, your question does not make sense. Please clarify, I don't know how to answer it like that.

Explanation:

7 0
3 years ago
Other questions:
  • A television commercial for a new car carefully analyzes the car's features and price, relative to other available models. The a
    14·1 answer
  • Nicoloss is a store that sells clothes, cosmetics, travel bags, and furniture to final consumers. Customer reviews indicate that
    7·1 answer
  • Laptop computers, personal digital assistants, and cellular phones were all readily accepted and diffused in u.s. markets where
    6·1 answer
  • Average Common Stockholders' Equity, Return on Stockholders' Equity Rebert Inc. showed the following balances for last year: Jan
    11·1 answer
  • Who Is The Creator Of The Apple Company And Pixar.Just Guess Don't Google
    8·1 answer
  • Which of the following scenarios describe an object being acted on by a non-conservative force?a. A puck hovers and glides acros
    7·2 answers
  • Please submit your idea for a practical, innovative, and marketable product or service (it’s just for a project)
    7·1 answer
  • Read the sentence.
    11·1 answer
  • Suppose that when the price of gasoline is $3.50 per gallon, the total amount of gasoline purchased in the United States is 6 mi
    9·1 answer
  • in an international setting, day-to-day decisions about labor relations are usually handled by each foreign subsidiary
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!