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3 years ago

What is compund interest?

2 answers:

7 0

The method of calculating the interest where the interest gained over the specified time is summed up to the principal.

Explanation:

In simple words, calculation of compound interest includes the principal and accumulated interest of the previous year of deposit. It is considered to be magical word as it helps in building wealth.

For example, assume ABC company invests 20$ in a bank with 5% interest per annum (year) for 10 years so, here the compound interest is . The compound interest can be calculated with the following formula,

$\bold{\text { Compound Interest }(C I)=P\left(1+\frac{r}{n}\right)^{n t}-P}$

where, A is the Amount; P is the principal; r is the rate of interest; n is the number of times the interest is compounded per unit‘t’ and t is time or number of years.

dlinn [17]3 years ago

4 0

Answer:

compound interest- interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of a deposit or loan.

Explanation:

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Generally speaking, oligopolistic industries producing raw materials and semifinished goods usually offer differentiated product

LenaWriter [7]

Answer:

B) False

Explanation:

The correct phrase should be:

Generally speaking, oligopolistic industries producing raw materials and semifinished goods usually offer standardized products, while oligopolists producing consumer goods usually offer differentiated products.

An example of an oligopolistic industry that we all know about is the car industry. There are very few car companies in the world since only very large companies can actually manufacture cars. Car companies offer differentiated products.

8 0

3 years ago

The difference between actual and standard cost caused by the difference between the actual quantity and the standard quantity i

victus00 [196]

Answer:

Quantity variance.

Explanation:

The difference between actual and standard cost caused by the difference between the actual quantity and the standard quantity is called the Quantity variance.

For instance, if Tony needs a standard quantity of 50 pounds of iron to construct a burglary, but only used 51 pounds, then the quantity variance is 1 pound of iron.

Hence, the quantity variance is simply the difference between the actual quantity of materials that should be used and the quantity of materials that was used.

5 0

3 years ago

Hi i"m new i'm Niyah know as Ken'Niyah

STatiana [176]

Hello im Liam.......

3 0

3 years ago

5. Score Skateboard Company is a small firm that designs and manufactures skateboards for high school and college students who w

Marianna [84]

Answer:

(a) Cost to Score for an employee with $1,100.00 gross pay is $1,175.00.

(b) Cost to Score for an employee with $850.00 gross pay is $925.00.

Explanation:

The questions can be answered as follows:

a. Calculate the cost to Score for an employee with $1,100.00 gross pay in the first pay period in January.

This can be calculated as follows:

Cost to Score for an employee with $1,100.00 gross pay = Gross pay + Contribution to retirement fund = $1,100.00 + $75.00 = $1,175.00

b. Calculate the cost to Score for an employee with $850.00 gross pay in the first pay period in January.

This can be calculated as follows:

Cost to Score for an employee with $850.00 gross pay = Gross pay + Contribution to retirement fund = $850.00 + $75.00 = $925.00

c. Calculate the total gross semimonthly pay for all six employees.

This can be calculated as follows:

Cost to Score for 2 employee with $1,100.00 gross pay = $1,175.00 * 2 = $2,350

Cost to Score for 4 employee with $850.00 gross pay = $925.00 * 4 = $3,700

Total gross semimonthly pay for all six employees = Cost to Score for 2 employee with $1,100.00 gross pay + Cost to Score for 4 employee with $850.00 gross pay = $2,350 + $3,700 = $6,050

8 0

3 years ago

Purchases$111,000 Freight-in 3,100 Sales 185,000 Sales returns 6,000 Purchases returns 4,500 In addition, the controller is awar

ivolga24 [154]

Answer:

Closing Stock = 38000

Explanation:

Net Sales = COGS + Gross Profit

Net sales = sales - sales return = 185000 - 6000 = 179000

Gross Profit = 60% of sales (as per gross profit ratio)

= 60% of 179000 = 107400

COGS = Opening Stock + Net Purchase + direct expenses - Closing Stock

* Net purchase = Purchase - purchase return = 111000 - 4500 = 106500

*Direct Expense = Freight Inwards = 3100

Putting all values in formula :- Net Sales = COGS + Gross Profit

179000 = (0 + 106500 + 3100 - closing stock) + 107400

179000 = 106500 + 3100 + 107400 - closing stock

179000 = 217000 - closing stock

closing stock = 217000 - 179000

closing stock = 38000

3 0

3 years ago