Answer:
the increase in additional paid in capital is $13,000
Explanation:
The computation of the increase in additional paid in capital is shown below:
= (Average price per share - par value of shares) × number of shares
= ($21 - $8) × 1,000
= $13 × 1,000
= $13,000
hence, the increase in additional paid in capital is $13,000
Answer: Compound interest pays interest on the principal and the interest earned in each period.
Explanation:edge 2020
Answer:
the account that earns 1.2 percent compounded monthly
Explanation:
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.
Answer:
The correct answer is letter "A": 20% of income.
Explanation:
The percentage of savings of people will directly depend on their income. Employees earning the minimum wage are likely to use the most of their salary paying bills which will give them few to no opportunity for saving. On the other hand, executives with annual income above the average have more chances to save a good percentage of the money they receive monthly according to their expenses.
However, for a person who receives an average salary that allows covering expenditure and having some free money a bank account, at least should be saving 20% of that income. Besides, according to the 50/20/30 budget rule, <em>50% of the salary should be spent on needs, 30% on wants, and 20% on savings</em>.
