1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Katarina [22]
3 years ago
10

Compare the following accounts. Which account will earn more money in interest? Account 1 earns 1.2 percent, compounded yearly.

Account 2 earns 1 percent, compounded yearly. Account 3 earns 1.2 percent, compounded monthly. Account 4 earns .5 percent, compounded monthly.
Business
1 answer:
Alla [95]3 years ago
5 0
<h2>Hello!</h2>

The answer is: Account 3 earns 1.2 percent, compounded monthly.

<h2>Why?</h2>

We are talking about how many money will be earned in interested, which means that the higher percentage in a shorter period of time will earn a higher amount of money.

So, let's check the given options:

Account 1: Earns 1,2 percent compounded yearly, it means just 0,1 percent each month.

Account 2:  Earns 1 percent compounded yearly, it means 0,08 percent each month.

Account 3: Earns 1,2 percent compounded monthly and it means 14,4 percent each year.

Account 4: Earns 0,5 percent compounded monthly, which means 6 percent per year.

So, the account 3 will earn more money in interest.

Have a nice day!

You might be interested in
A producer for a cable news show is feeling insecure. she complains to her boss that she isnt very smart and that she only does
GuDViN [60]
The leadership style that the boss has is the instrumental leadership. It is where an individual focuses on the task that has been given to him or her and to do what it takes just to achieve or complete the goal. It is seen at the scenario above where the boss says that he does not care why it works for he is focused on the result of it working where it shows that he does not care of the cause but the result of it to work.
8 0
3 years ago
On January 1, 2019, Jannison Inc. acquired 90% of Techron Co. by paying $477,000 cash. There is no active trading market for Tec
shusha [124]

Answer:

Answer is given below.

Explanation:

Economic Unit Concept  

                          2014 2015

Jannison Inc. 308000 364000

Techron Co. 98000 126000

Sub Total 406000 490000

Less : Amortization 11000 11000

Total Net Income 395000 479000

Non Controlling Interest  

= 10 % of Techron Co,  

(after deduction of amortization expense)  

= 10% (98000-11000) 8700  

= 10% (126000-11000)  11500

Consolidated Net income 386300 467500

(after Noncontrolling interest allocation)  

Under Economic unit concept both business are taken as a single business unit, and accordingly incomes of both entities are clubbed to find income of business as whole

8 0
3 years ago
Miami Corp. obtained the following information from its accounting records:
Alex Ar [27]

Answer:

cost of goods manufactured= $5,000

Explanation:

Giving the following information:

Beginning Finished Goods Inventory= 12,000

Ending Finished Goods Inventory= 8,000

Cost of Goods Sold= $9,000

To calculate the cost of goods manufactured, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

Isolating cost of goods manufactured

cost of goods manufactured= -beginning finished inventory + COGS + ending finished inventory

cost of goods manufactured= -12,000 + 9,000 + 8,000

cost of goods manufactured= $5,000

4 0
3 years ago
In designing the organization:________.
alexdok [17]

When designing the organization, poor design is the significant cause for business failure, as the entrepreneur often alone performs all the functions of the organization.

<h3 /><h3>What is organizational structure?</h3>

Corresponds to a representation of how organizational activities and resources are performed in an organization to achieve objectives and goals.

Therefore, it is through the organizational structure that the job positions, functions, departments and hierarchy of the company are designed, aligned with its needs and strategy.

The correct answer is:

B) Poor design is a significant cause for business failure since the entrepreneur often performs all organization functions themselves.

Find out more about organizational structure here:

brainly.com/question/1288780

8 0
3 years ago
Phoenix Pump and Filter projects that the cost of steel bodies for Model R910 valves will increase by $2.50 every 3 months. If t
katrin2010 [14]

Answer:

$1023.98

Explanation:

Using the standard notation equation for annual payment and for arithmetic gradient to calculate the present worth of a unit's costs; we have the following corresponding expression.

P = A (P/A, i, n)         &     P = G (P/G, i, n)

where;

A = annual payment

G = arithmetic gradient

n = number of years

i = annual interest rate

From the question;

the payment  period = compounding period

∴ quaterly interest rate = 3%

The present worth value of the unit's cost is therefore shown as

P = 90 (P/A, 3%, 12) + 2.5(P/G, 3%, 12)

P = 90(9.954) + 2.5(51.2481)

P = $1023.98

∴ The present worth value of the unit's cost = $1023.98

7 0
3 years ago
Other questions:
  • A disadvantage of maintaining a small inventory is ________.
    5·1 answer
  • Corporate finance mark weinstein has been working on an advanced technology in laser eye surgery. his technology will be availab
    6·1 answer
  • When businesses raise the price of a needed product or service after a natural disas this is known as
    11·1 answer
  • Rachael James just took a job with IKEA. As part of her employment agreement, IKEA required Rachael to sign an agreement, which
    7·1 answer
  • "In the Modigliani Miller perfect world with no taxes, if we assume that the effect of adding debt to firm's capital structure i
    10·1 answer
  • You invest 60% of your financial assets in Standard &amp; Poor’s Depository Receipts with an expected return of 10% and a standa
    8·1 answer
  • When can i file for social security benefits?
    11·1 answer
  • Why might a manager for a non-profit organization seem as concerned with his or her organization's financial well-being as a for
    5·1 answer
  • Make-or-Buy Decision
    11·1 answer
  • Which of these include some basic purposes of transportation regulations? (Select all that apply.)
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!