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Sergeu [11.5K]
3 years ago
15

Andy deposited $3,000 this morning into an account that pays 5 percent interest, compounded annually. Barb also deposited $3,000

this morning into an account that pays 5 percent interest, compounded annually. Andy will withdraw his interest earnings and spend it as soon as possible. Barb will reinvest her interest earnings into her account. Given this, which one of the following statements is true?a. Barb will earn more interest the first year than Andy will.b. Andy will earn more interest in yera three than Barb will.c. Barb will earn interest on interest.d. After five years, Andy and Barb will both have earned the same amount of nterest.e. Andy will earn compound interest.
Business
1 answer:
dimulka [17.4K]3 years ago
5 0

Answer:

C) Barb will earn interest on interest.

Explanation:

Compound interest can be defined as more interest earned by previously earned interest, i.e. interest that earns more interest.

At the end of the first year both Andy and Barb will have $3,150 in their accounts (= $3,000 + 5%). Since Andy will withdraw his money at the end of year 1, only Barb will earn compound interest. At the end of second year Andy will have $3,150 while Barb will have $3,307.50 (= $3,150 + 5%).

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scoray [572]

Answer:

Amounts owed to suppliers for products and/or services purchased on credit.

Explanation:

Accounts payable are basically short term debts that a company has with its suppliers. E.g. a retailer purchases goods from a wholesaler on terms n/30. In this case, the accounts payable would be the amount of money owed to the retailer. There is no specific time frame for an accounts payable, since it varies depending on the credit that the supplier gives. E.g. sometimes a supplier will sell on a 45 day credit period, or even 60 day period.

6 0
3 years ago
You are assigned as the manager of risk management project for Health Network, inc. The attached case study provides brief intro
Grace [21]

Explanation:

<em>Structure of the information systems in Health Network:</em>

-Software: It is made up of 1000 production servers that make it possible for users to access the different services through the web.

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-Personal: These are the users who receive the benefits, such as all the potential clients, the doctors who provide their services, and all the personnel who work in the data centers.

<em>Main objective and scope of the project in Health Network:</em>

 

A risk mitigation plan must be developed that allows to face the various threats previously identified.

As the main scope of the project, a BCP (business continuity plan) must be developed that allows employees to continue working remotely and safely from the web.

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6 0
2 years ago
An individual stockholder is entitled to receive any dividends declared on stock owned, provided the stock is held on the date o
Nataly_w [17]
An individual stockholder is entitled to receive any dividends declared on stock owned, provided the stock is held on the ex-dividend date. This is the date that is scheduled by the stock exchange. It is the date where you are entitled as the owner of a stock.
7 0
3 years ago
You are trying to value the common stock shares BeGood Company using a market multiples approach. Begone just reported annual ea
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Answer:

$22.81

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3 years ago
Assuming that the direct materials used are $1880000, compute the total manufacturing costs using the following information.
Scilla [17]

Answer:

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Direct materials used                                          1,880,000

Direct Labor                                                         760,000

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Indirect Labor                             50,000

Factory Depreciation                 <u>400,000</u>           <u>600,000</u>

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6 0
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