The interest amount earned is removed from the accumulated amount of savings because the interest is simple interest.
<h3>What is Interest?</h3>
interest is the percentage amount earned over the savings made and deposited in the account, the interest is a basic market interest rate that is applied to the savings to calculate the amount of interest income for a given period of time.
The savings are deposited and they are applied for the interest rate the interest income is also included in the original savings, then for the next year the interest rate will again be only applied to the original savings amount and not the compounded amount that is the original amount of savings plus the interest earned in the first year.
That is why the interest earned in the first year is deducted from the total savings in the account to calculate the interest income for the second year.
Learn more about Interest at brainly.com/question/17072533
#SPJ1
Answer:
NSB Co. won the case against Mid-American oil/Mid-American oil lost the case
Explanation:
The original contract clearly stipulated that any modifications to the contract were to be written and signed by the company's presidents, therefor the decision by the Mid-American executive to talk with the purchasing agent of NSB Co. was in breach of the contract in two aspects;
- The parties that made the modifications were not the ones agreed to in the contract
- They made the modifications verbally while the contract stated that the changes were to be written and signed
Answer:
b. The project manager outlines the project goals
Explanation:
As the name suggests, a project kick off meeting refers to the first and foremost meeting between project manager and his team and the clients of a project when commencing a new project.
The purpose behind such a meeting is to familiarize the project team, make them better understand the project and it's requirements and agreeing upon a plan of work together to accomplish the task.
Following steps would be noteworthy for conducting an effective project kick off meeting:
- The project manager prepares his team and outlines and conveys the project goals to the team members and how they are to be attained.
- Beginning the project client relationship on a good note and gaining client's support.
- Putting one's best efforts with a systematic planned approach for the project kick off client meeting.
Answer:
<u>yes</u>
<u>Explanation:</u>
Decision making involves a carefully thought out process about the best course of action, and medical staffs often rely on them in their decision making.
For example, medical staff can evaluate the quality and efficiency of the care they provide by monitoring negative tends that may appear on coded data, Meanwhile management can use their findings from coded data to draft out better health policies for their organization.
Using line depreciation method,
Depreciable cost = Cost - Salvage value = $40,900,000- $4,090,000 = $36,810,000
Depreciation per year = Depreciable cost/life = 36,810,000/15 = $2,454,000
After third year of use,
Depreciation expenses = $,2,454,000*3 = $7,362,000
Book value = cost - depreciation expenses = 40,900,000 - 7,363,000 = $33,538,000
