Employee a. who executes orders to buy and sell for clients of his or her brokerage firm. b. individual who trades on the floor
1 answer:
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Answer:
A) $24,602
Explanation:
We can solve this question by finding the periodic deposits needed by using the formula:
where:
FV= future value = $220,000
PMT = periodic deposits required = ???
i = effective interest rate per period = 0.0331
n= number of deposits = 8
However, since the interest is compounded monthly, let's also calculate the effective interest rate
Effective interest rate =
where; r = 12.5% = 0.125
= 0.1324
Interest rate per period =
= 0.0331
Then;
220,000 = PMT × 8.986
PMT =
PMT = $ 24,482.5
Since A) $24,602 is closer to $ 24,482.5
Therefore, $ $24,602 must be deposited every three months
The correct settings of the Quickbook is illustrated in C.
QuickBooks is an accounting software that's used by businesses for payments, payroll functions, etc.
From the information given, Heather doesn't want Esther to have access to her firm's settings or her clients' Quickbooks Online companies, therefore the best option will be to set the access to custom.
By setting the access to custom, Esther won't be able to have access to the settings. On the other hand, if the access was set to basic just like in the second option, Esther will have access. Also, it's important to set <u><em>"manage your clients</em></u>" to No when Esther will be in charge.
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