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zvonat [6]
2 years ago
13

You are opening a savings account that earns compound interest. Which compounding frequency will earn you the most money?

Business
1 answer:
mojhsa [17]2 years ago
5 0

Answer:

4. compounding daily

Explanation:

The higher the compounding rate , the higher the compound interest. Compounding daily would therefore yield the highest amount of money.

I hope my answer helps you

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Michael’s is considering a project that has projected sales of 4,200 units ± 5 percent, a sales price per unit of $50 ± 4 percen
julsineya [31]

Answer:

annual net income is $23077.25

Explanation:

Given data:

sales volume = 4200 units

selling price/units $50

variable cost/units $25

fixed cost is $45000

Total sales unit = 4200 + 5\% \times 4200 = 4410 units

selling price/unit = $50 + 4\%\times $50 = $52

variable cost/unit = $25- 5\%\times 25 = $23.75

fixed cost  = 45000 - 3\%\times 45000 = $43650

sales  =4410 \times 52 = $229320.00

variable cost  = 4410 \times 23.75 = 104737.5

difference = 229320 - 104737 = 124583

fixed cost = $43650

depreciation exchange = $11000

so total income prior to tax = 124583 - (43650 + 11000) =$ 69932.5

tax rate is 33%

so total income after tax is = 69932.5 \times .33 = $23077.725

4 0
3 years ago
The income statement of Cullumber Co. for the month of July shows net income of $2,200 based on Service Revenue $6,100, Salaries
saw5 [17]

Answer:

Revenue                                                                      $6,800

Expenses:

  • Salaries and Wages Expense ($2,700)
  • Supplies Expense ($1,050)
  • Depreciation expense ($250)
  • Insurance expense ($600)
  • Utilities Expense ($400)                                   <u>($5,000)</u>

Net income                                                                  $1,800

1) you must add insurance expense

2) you must decrease supplies expense = $1,200 - $150 = $1,050

3) you must add depreciation expense

4) you must increase salaries and wages expense = $2,300 + $400 = $2,700

5) you must increase revenue = $6,100 + $700 = $6,800

3 0
3 years ago
Funtime Park competes with Slide World by providing a variety of rides. Funtime sells tickets at $ 85 per person as a​ one-day e
Molodets [167]

Answer:

$531,000

Explanation:

For determining the contribution margin ratio, first we have the contribution margin per unit which is shown below:

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $85 - $17

= $68

And, Contribution margin ratio = (Contribution margin per unit) ÷ (selling price per unit) × 100  

So, the Contribution margin ratio is

= ($68) ÷ (85) × 100

= 80%

Now the break even point in sales dollars is

= $428,400 ÷ 80%

= $531,000

We simply applied the formulas

4 0
3 years ago
Fidelity investments is one of the largest mutual fund and brokerage services providers worldwide. it has various offices in cit
bogdanovich [222]

These visible cues are an attempt to deal with the problem of trust common to service organizations. Hence, the purpose of these cues is to generate much trust from the customers.

<h3>Common Customer Service Problems </h3>

The following are the common customer service problems encountered by the customers:

  1. Long time in response
  2. Impatience on the part of the Customer representative to Listen to the Needs of the customer
  3. Customer Transfer from one department to another
  4. Rudeness on the part of Customer Service agent towards the Clients
  5. Inability to offer a solution to the Customer
  6. Inability of the Customer Service agent to fulfil Promises.

Therefore, these cues are in place to earn trust from the customers.

learn more about Customer Service Problems: brainly.com/question/4110146

8 0
2 years ago
Which of the following government agencies regulates financial markets? a. osha b. the irs c. the faa d. the ots
vichka [17]

OTS is an agreement in which a defaulting borrower agrees to pay a portion of their debt, it regulates Financial markets.

<h3>What exactly is this OTS?</h3>

OTS is an agreement in which a defaulting borrower agrees to pay a portion of their debt in order to prevent banks from pursuing legal action against them.

Financial markets are regulated by OTS government agencies.

Therefore, option d. explains the OTS.

Learn more about OTS here:

brainly.com/question/14627994

6 0
2 years ago
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