You invested $5,000 in the Cog corporation and $5,000 in the Gear corporation. Both of these corporations have $100 million in t
otal assets. The Cog corporation had a net profit of $5 million and the Gear corporation had a net profit of $10 million. You read their annual reports and both companies had established a goal of having a net profit equal to 15% of total assets?(a) Cog is more effective than Gear. (b) Cog is more efficient than Gear.
(c) Gear is more effective than Cog.
(d) Gear is more efficient than Cog.
(e) Cannot tell without more information.
Both corporations established a very optimistic goal regarding net profits over total assets (15%) but neither of them was able to achieve it. Gear was closest to achieving its goal, its net profits were equal to 10% of its total assets, while Cog's profits represent only 5% of its total assets.
So we can conclude that none of them could effectively achieve its goal, but Gear was closest to doing so, therefore, it was more efficient than Cog.
Since savings account A compounds the interest quarterly it adds interest to the account every quarter. This makes it a more profitable account than one that compounds the interest semiannually. The reason is that the bank is adding interest more frequently, so you are earning interest on the interest that the bank has already paid you.
sry I just wanted the points I'm in middle school so I don't know this stuff either but can you give free brainlyest I'm soo close to my next rank I'd really appreciate it if you would
