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vladimir2022 [97]
3 years ago
12

Item 1Item 1 Thomas invests $109 in an account that pays 6 percent simple interest. How much money will Thomas have at the end o

f 4 years
Business
1 answer:
olga nikolaevna [1]3 years ago
5 0

Answer:

Total amount at the end of 4 years = $135.16

Explanation:

A simple interest account pays interest on only the sum deposited at an annual rate for a specified period of time without compounding or adding the interest earned in a particular period in the calculation of interest earning for the next period. Thus, if 1000 is invested and interest s earned at 10% then the interest earned will remain constant for every period the money is still deposited in the account.

The formula to calculate interest under simple interest method is,

Interest = Principal * Annual Rate * Time in years

Total Interest earned = 109 * 6% * 4

Total interest earned = 26.16

Total amount at the end of 4 years = Principal + Interest

Total amount at the end of 4 years = 109 + 26.16

Total amount at the end of 4 years = $135.16

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If the U.S. economy is producing at a level that is substantially less than potential GDP and the government's budget deficits a
diamong [38]

Answer:

an inflationary increase in the price level.

Explanation:

Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country.

In order to boost economic growth, a monetary policy is implemented to increase money supply (liquidity). Also, it is used to prevent inflation by reducing money supply.

An inflationary gap, also referred to as an expansionary gap in economics, is typically used for measuring the difference between the gross domestic product (GDP) and the current level of Real Gross Domestic Products that exists when a country's economy is gauged at a full employment rate. Consequently, this situation causes the price of goods and services to go up with a low income level among the people living in the country.

A budget deficit is the amount by which spending exceeds income.

All other factors held constant or all things being equal (ceteris paribus), an increase in government's budget deficit drives the interest rate up.

Generally, when there's a deficit in government budget, they resort to issuing more bonds or borrowing money from creditors. These creditors are likely to be sceptical about the government's ability to repay the debt and as such would increase the interest rate.

Hence, an inflationary increase in the price level of goods and services is not much of a danger if the U.S. economy is producing at a level that is substantially less than potential gross domestic product (GDP) and the aggregate demand is being increased by government's budget deficits.

3 0
2 years ago
Lei Company accumulates the following adjustment data at December 31. 1. Services provided but not recorded total $1,000. 2. Sup
Zigmanuir [339]

Answer:

Type of adjustment (prepaid expenses, unearned revenues, accrued revenues, or accrued expenses)

1. Services provided but not recorded total $1,000. accrued revenues

2. Supplies of $300 have been used. accrued expenses

3. Utility expenses of $225 are unpaid. accrued expenses

4. Services related to Unearned service revenue of $260 were performed. accrued revenues

5. Salaries of $800 are unpaid. accrued expenses

6. Prepaid insurance totaling $350 has expired. accrued expenses

Status of Each Account before adjustment

1. Services provided but not recorded total $1,000. Revenue understated and cash/account receivable account understated

2. Supplies of $300 have been used. Supplies account overstated and supplies expense account understated

3. Utility expenses of $225 are unpaid. utility expense account understated and Liability account understated

4. Services related to Unearned service revenue of $260 were performed. Revenue understated and Unearned revenue overstated

5. Salaries of $800 are unpaid. Salaries Expense account understated and Liability account understated

6. Prepaid insurance totaling $350 has expired. Insurance expense account understated and Prepaid insurance overstated.

Explanation:

1. Revenue should be recorded when services are performed.

2. Used supplies should be transferred to supplies expenses account.

3. Utility expense should be recorded when it's been accrued.

4. Sales expense should be recorded when it's been accrued.

5. Prepaid Insurance should be transferred to Prepaid expense account when its been expired.

8 0
3 years ago
You work on the marketing team for a software development company. You have sales representatives in different locations around
seropon [69]

Answer:

b. a wiki

Explanation:

A Wiki is an electronic communication tool that works with resources similar to a website, but with the differential of the possibility of jointly editing authorized users while accessing the content, for updates, implementation of new information, resources, etc.

This tool would be essential for the marketing team with global sales representatives, because through it it would be possible to demonstrate the new resources through the sharing of information and exclusive materials made available through the wiki that can be accessed from any location and at any time.

4 0
3 years ago
1. Identify various production processes and
rewona [7]

Answer:

D

Explanation:

8 0
3 years ago
9+10= what A.19 B.21 C.1 D222
Advocard [28]

Answer:

A.19

hope this helps! this seems like an easy question to me, is this a trick question??

8 0
3 years ago
Read 2 more answers
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