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aksik [14]
3 years ago
11

What is earning interest on previously earned interest called?

Business
1 answer:
Lostsunrise [7]3 years ago
8 0

Answer:

Compounding. Earning interest on previously earned interest plus the principal amount.

Explanation:

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Match each business structure with its description
andrezito [222]
D IS A 

A IS B 

B IS C 

C IS D
3 0
3 years ago
Read 2 more answers
Courtney is a self-employed consultant (a business activity). This year her consulting activity generated $19,500 of revenue and
Sonja [21]

Answer:

Revenue and expenses is recorded on Schedule C

Net income is recorded on front page (line 12) of her individual tax return

Explanation:

Courtney records the revenue of her consultancy or business activity as income and records the expenses of her consultancy or business activity for AGI on her Schedule C. She will record her net income given by the diffence between the revenue and expenses

Mathematically.

net income = revenue - expenses

net income = $ (19,500 - 1,500) = $ 18,000

Her net income of $ 18,000 from her  consultancy or business activity is recorded on the front page (line 12) of her individual tax return

5 0
3 years ago
Abed carries an average monthly balance of $800 in his checking account. If his bank charges $9.00 per month as a minimum servic
Ray Of Light [21]

Answer:

Abed must earn 13.5% or $108 annual interest to cover the monthly fee.

Explanation:

Abed should earn minimum $9 of interest on deposit each month to cover the  bank charges expense.

Average Monthly Balance = $800

Bank Charges = $9.00 per month

Monthly interest rate = (Monthly bank charges / Monthly average balance ) x 100

Monthly interest rate = ( $9.00 / $800 ) x 100 = 0.01125 x 100 = 1.125%

Annual Interest rate = 0.01125 x 12 = 0.135 = 13.5%

Annual Interest = $800 x 13.5% = $108

7 0
3 years ago
A national grocery chain sets up a store in a small town. It sources most of its produce from the local farmers. Since it source
allsm [11]

Answer:

The correct answer is letter "E": economies of scale.

Explanation:

Economies of scale mean productivity becomes more efficient as the number of goods produced increases. In most cases, companies that achieve economies of scale lower the average cost of their products by increasing production which is due to the spread of fixed costs required to produce the product among a large number of goods. Lower production costs typically represent lower prices for consumers.

8 0
3 years ago
A client sks his accountant to ignore a mistake which overstated the accounts receivable account. The accountant decides that th
ioda

Answer:

C. Stage 4

Explanation:

stage 4 – respecting authority and preserving the rules of society.

                 authority and social order obedience driven.

7 0
3 years ago
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