Answer:
If the interest rate is 6%,then selling the investment for $2,000 is a good deal.
If the interest rate is 10%, then selling the investment for $2,000 is a bad deal.
Explanation:
If the interest rate is 6% then compounded yearly for 10 years 1,000 should have a future value of
1000*1.06^10=1,790
SO if the interest rate is 6% then in 10 years the investment should have a future value of 1,790 and selling it for $2,000 is a very good deal as you are making more than 6% per year which is the interest rate.
Now if the interest rate is 10% the future value will be
1,000*1.1^10=2593
Now the future value is more than 2,000 which means that we will be earning less than the interest rate, which means it is a bad deal.
Answer:
The correct answer is letter "A": Procedures and practices.
Explanation:
Upward communication is a sharing-information method widely spread in nowadays organizations. It consists of obtaining feedback from employees from the lowest hierarchy to the top executive. This information flows in each level through a responsible for that matter so that the representative takes the pieces of information to the next level of the hierarchy. <em>Suggestions for improvement, performance reports, financial and accounting information</em> are shared under this format.
<em>Procedures and practices</em> are given into a firm from executives to employees which aims in the opposite direction than the upward communication technique.
He saw emma n norman act weird and he found out they knew
Answer:
Explanation:The eight-step accounting cycle is important to know for all types of bookkeepers. It breaks down the entire process of a bookkeeper’s responsibilities into eight basic steps. Many of these steps are often automated through accounting software and technology programs. However, knowing and using the steps manually can be essential for small business accountants working on the books with minimal technical support.
