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3 years ago

Compound interest is the interest that is divided into different accounts. true or false.

Business

2 answers:

elixir [45]3 years ago

6 0

Answer: The statement is False.

Explanation: Compound interest as the name suggests is the interest compounded over time. In other words is can be defined as the interest we receive from banks on the interest already earned on our principal amount. To make it simple, let us say we have deposited $100 in a bank at 10% interest.

Then in year 1 our interest amounts to $10.

In year 2, the interest will be computed on $100 + $10 , that is the previous principal amount and the interest earned in year 1. So in this way, we get interest on interest already earned.

Thus, the above statement is false.

Korvikt [17]3 years ago

4 0

<span>True, compound interest is the interest that is divided into different accounts.</span>

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Which of these pieces of information would fit in a career plan’s career definition section? Check all that apply.

Colt1911 [192]

I will work for a newspaper, I will spend at least half of my time working outdoors and I will earn at least $20 per hour.

Answer: Option 3,4 & 6

<u>Explanation:</u>

Career plans are the plans that a person does for working in a particular field and in a sector to earn their livelihood. The planning done for their career decides how the person will work, where will he work and how would he optimally channelize his talent.

In the statements above, the options like working for a newspaper or working either inside or out doors are the options that the person takes into consideration for working.

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4 years ago

Read 2 more answers

Excel Electronics Excel Electronics is nearing completion of a three-year project to develop and produce a new pocket Phone-Fax-

kolezko [41]

Answer:

<h2>Excel Electronics</h2>

<h3>Recommended Method for Terminating the PFI Project:</h3>

I recommend addition. The way the PFI project is described shows that it is a major success. Production facilities are still being built and units of the PFI will start rolling off the production line in seven months' time. In such a situation, the PFI should naturally become a new division. It should become part of the organization and all required resources should be transferred to it to enable the division to take off smoothly and become self-sustaining and profit-generating.

Explanation:

There are four ways to terminate a project. They include:

a) Termination by Extinction: Here the project is murdered naturally. Budget support is withheld without actually calling the project off in its entirety.

b) Termination by Addition: The project becomes a new division of the organization with more resources and assigned responsibility.

c) Termination by Integration: Resources of the project are distributed to all parts of the organization.

d) Termination by Starvation: The project in this situation suffers kwashiorkor. It is starved to death by being deprived of resources. The budget for the project is withdrawn.

The chosen method depends on the project outcome, outlook, and opportunities. For example, the development of an advanced technology in manufacturing can render a formerly shining project commercially unprofitable. In such a situation, the best management decision may be to terminate it by extinction.

Essentially, the following may be reasons to terminate a project:

#1: Project outruns estimated cost and looks unlikely to recover investments.

#2: Competitors may be doing a better job in the project line.

#3: Failure is witness during the testing process.

#4: Company's strategic plan (goal) will not be met with continuation.

#5: Another priority project crops up during the process.

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3 years ago

According to the aggregate demand curve, when the aggregate price level _____, the quantity of aggregate output _____. rises; de

iren2701 [21]

Answer:

rises; demanded falls

Explanation:

The aggregate demand curve exhibits a negative relationship between aggregate price levels and aggregate output demanded. If aggregate price levels falls, aggregate output demanded rises and if aggregate price levels rises, aggregate output demanded falls.

The aggregate demand curve is negatively sloped.

Please check the attached image for a graph of the aggregate demand curve.

I hope my answer helps you

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3 years ago

Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions.May 11 Sydney accepts delivery of $

ale4655 [162]

Answer and Explanation:

The Journal entries are shown below:-

1. Merchandise Inventory Dr, $32,000

To Accounts payable $32,000

(Being purchase of inventory is recorded)

Here we debited the merchandise inventory as it increased the assets and we credited the accounts payable as it also increased the liabilities

2. Merchandise Inventory Dr, $315

To Cash $315

(Being cash paid is recorded)

Here we debited the merchandise inventory as it increased the assets and we credited the cash as it decreased the assets

3. Accounts payable Dr, $1,100

To Merchandise Inventory $1,100

(Being returned inventory is recorded)

Here we debited the accounts payable as it decreased the liabilities and we credited the merchandise Inventory as it also decreased the assets

4. Accounts payable Dr, $30,900

To Merchandise Inventory $927 ($32,000 - $1,100) × 3%

To Cash $29,973 ($32,000 - $1,100) × 97%

(Being cash paid is recorded)

Here we debited the accounts payable as it decreased the liabilities and we credited the merchandise Inventory and cash as this both items are decreased in assets

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3 years ago

Jill's parents are concerned because she does not have a job despite graduating from college. Her parents tell her that they got

gtnhenbr [62]

Answer:

Her sociological imagination.

Explanation:

From the question, we were informed about Jill's parents who were concerned because she does not have a job despite graduating from college. Her parents tell her that they got jobs right out of high school, so she should be able to get a job very easily. They conclude that she must be lazy. Jill tells them that they need to consider larger economic trends and changes in technology to understand why she is having trouble finding a job. Jill is using

Her sociological imagination to explain her inability to get a job. The sociological imagination can be regarded as a practice that involved having ability to “think ourselves away” from some of our daily and familiar routines of our lives, so that see them with critical and new eyes, Sociological imagination is ability gotten by individual to focus away from his/her particular situation then think from other point of view or alternative perspective. Sociological imagination can be regarded from other point of view as capacity of individual to shift his/her thought from one perspective to another perspective.

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3 years ago