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3 years ago

What is the essential concept in understanding compound interest?

Business

1 answer:

Paul [167]3 years ago

8 0

Answer:

Explanation:

The main concept that needs to be understood is the idea of getting paid interest on money that you made from interest payments. This is technically the entire system of compound interest, you invest money into something that provides such interest. You get paid a percentage interest on that money, you then reinvest that payment back into the same investment. Now your next interest payment will be more due to the reinvested amount, and so on. This drastically increases the amount of money that is made over time.

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Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper is required to produce a journal. Assume six square

Phantasy [73]

Answer:

Direct Materials = $969,000

Direct Labor = $699,400

Factory overhead = $214,600

WIP = $2,200

Finished Goods = ($2,000)

Cost of Goods = $1,883,200

Explanation:

Direct Materials = $969,000

403,500 x 6 square yards = 2,421,000

2,421,000 + (40,400 - 38,900) = 2,422,500

2,422,500 x 0.40 per square yard = $969,000

Direct Labor = $699,400

403,500 personal journals

403,500 * 8 minutes = 3,228,000 minutes

3,228,000/60 minutes = 53,800

53,800 x $13.00 = $699,400

Prepare a cost of goods sold budget for Daybook Inc. using the information above

Direct Materials = $969,000

Direct Labor = $699,400

Factory overhead = $214,600

WIP ($16,500 - $14,300) = $2,200

Finished Goods ($28,000 - $30,000) = ($2,000)

Cost of Goods = $1,883,200

6 0

3 years ago

Which of the following items is included in Japanâ€™s GDP? A. the estimated value of production accomplished at home, such as ba

noname [10]

Answer:

D) None of the above is included in Japanese GDP.

Explanation:

A country's GDP includes the value of all the finished and legal goods and services produced in an economy during one year.

GDP = consumption + investment + government spending + net exports

Vegetables and fruits grown and consumed by an individual are not included in the GDP, unless they sell them to someone else.
Illegal goods ans services are not included in the GDP.
Imports, foreign products sold in a domestic market, lower the GDP since they lower net exports.

8 0

3 years ago

I need nitro gold. plz, donate to nitro type user DeckertheBEAST. don't answer for the points. GUYS I'M IN NEED. Thanks for thos

katrin2010 [14]

Answer:

whats that? ._.

Explanation:

8 0

2 years ago

Read 2 more answers

You plan to retire at age 65, and you want to have enough money in your savings account to withdraw $54,000 every year for 20

leonid [27]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

3 0

3 years ago

Explain the reasons why more efficient keyboards were not able to replace the QWERTY keyboard and what principle this illustrate

ELEN [110]

Answer:

so that people don type to fast again like the 20th centruy people

Explanation:

3 0

3 years ago