Answer:
The magic of compound interest happens in a way that the more you put in, the faster your money grows.
Explanation:
The magic of compound interest happens in a way that the more you put in, the faster your money grows. The interest you earn on the amount you save also earns interest and this snowballing effect makes you accumulate your savings even faster. For example, if you deposit $100 in a savings account that pays 5% interest per year. At the end of the year, you account will have (5%*100= 5) plus the $100 you deposited, coming to a total of $105. At the end of the second year, your $5 interest earned in year 1 will earn another 5% interest and so will the $100 you initially deposited.
Answer:
SARS
Explanation:
it's because they ensure optimal compliance with tax and custom
A purchase journal would be used for the purchase of goods in credit
THE CPU (central processing unit) is one example of a piece of hardware that would not need to be removed to install a new webcam.
Answer:
Identifying the management accounting guideline that is applicable to each item:
a. Changing an employee bonus plan to include additional paid time off in response to a changing employee demographic.
Different costs for different purposes
b. Deciding whether to sell products directly to customers in a new overseas market or to hire a distributor.
Cost-benefit approach
c. Introducing a participatory budgeting that involves lower-level managers.
Behavioral and technical considerations
Explanation:
Management Accounting Guidelines:
a. Cost-benefit approach: This approach specifies that managers must compare the expected benefits and expected costs of an action before reaching a decision.
b. Behavioral and technical considerations: This approach involves using the desired information to make wise economic decisions that will ginger workers to contribute their efforts towards attaining organizational goals.
c. Different costs for different purposes: There are different reporting purposes. The cost that is reported externally may not be useful for internal decisions. This means that the cost may have to be reported in another format to make the information useful to management.
