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
Vikentia [17]
3 years ago
12

Savings account A and savings account B both offer APRs of 2%, but savings account A compounds interest quarterly, while savings

account B compounds interest monthly. Which savings account offers the higher APY?
Business
2 answers:
Dimas [21]3 years ago
8 0

Savings account B offers a higher APY because monthly compounding gives a better return than quarterly compounding.

Savings account A: Quarterly compounding: APY = (1+0.02/4)^4 -1 = 2.015%

Savings account B : Monthly compounding: APY = (1+0.02/12)^12 -1 = 2.018%

As we can see, Savings account B with monthly compounding produces a slightly higher APY than A and hence is better than A

FinnZ [79.3K]3 years ago
8 0

Answer:

The answer should be, Savings account B, because it has more compounding periods per year. (Apex)

Explanation:

You might be interested in
The government of Concordia adopted expansionary fiscal policies in the last two years with the aim of increasing employment.​ H
yulyashka [42]

Answer:

The correct answer is letter "E": The government implemented a generous welfare plan 3 years ago to support people who cannot find work.

Explanation:

According to the excerpt, a government implemented fiscal policies to increase employment for the past two years but the rate has not risen since then. One of the reasons for such a situation could be <em>generous welfare support</em> implemented one year before the fiscal policy measures started.  

<em>If the benefits for the unemployed increase they will be discouraged to return to the labor force</em>. It implies the government should keep the welfare benefits at a level from where unemployed individuals can cover basic needs only but encourage them to find a job to be productive for the economy.

6 0
3 years ago
Adjustments for unearned revenues: Select one: a. decrease liabilities and increase revenues. b. increase liabilities and increa
Mnenie [13.5K]

Answer:

(D) decrease revenues and decrease assets

Explanation:

Since the revenue is unearned, its entry in the books needs to be reversed.

When a revenue was recorded in the books, the like journal entry would have been.

Debit Cash/Bank/Receivables Account (thus increasing asset)

Credit Revenue Account (thus increasing revenue)

There, reversing the entry will involve decreasing revenue and decreasing asset.

8 0
3 years ago
Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $540,000, and factory payro
vovangra [49]

Answer:

See below

Explanation:

Marcelino Co's total cost of each production incurred in April

From March

Job306 Job307 job308

Direct materials $28,000 $39,000

Direct labor $23,000 $17,000

Applied overhead $11,500 $8,500

(50% of direct labor)

Beginning goods in process $52,500 $64,500 ---

For April:

Direct materials $139,000 $220,000 $110,000

Direct labor $103,000 $153,000 $104,000

Applied overhead $51,500 $76,500 $52,000

(50% of direct labor)

Total cost added in April $293,500 $449,500 $266,000

Total costs(April 30) $346,000

$514,000 $266,000

3 0
3 years ago
Does a business neceşsarily have obligations to anyone<br> besides stockholders?
Marina CMI [18]

Answer:

of course. Business have obligations and duties towards many parties. we call these people "stake holders". in other words, they are either interested in the business and activities or are effected by the business activities.

for an example, the community and the environment the business operates in are stakeholders and the firm has responsibility to ensure an environmental friendly production and practices are carried out by the firm.

Government and tax authorities are another example. firm has to make sure that the required disclosures are made and proper taxes are paid timely.

Potential investors are another example, the company has to make sure that they disclose all the relevant and material information that may give signals about the companies future and its direction.

Explanation:

8 0
3 years ago
The market supply curve Question 16 options: is found by vertically adding the individual supply curves. represents the sum of t
Juli2301 [7.4K]

The market supply curve represents the sum of the quantities supplied by all the sellers at each price of the good.

<h3>What is the market supply curve?</h3>

The market supply curve is the sum of the individual supply curves of firms. The individual supply curves are added horizontally. The supply curve sloped upward. This shows that there is a positive relationship between price and quantity supplied.

To learn more about supply curves, please check: brainly.com/question/26073189

#SPJ1

8 0
2 years ago
Other questions:
  • Diane, a police officer, stops Tim's car for a traffic offense. While talking to Tim, she shines a flashlight into the passenger
    8·1 answer
  • You are planning a special wedding three years from today. You don't know who your spouse will be but you do know that you are s
    9·1 answer
  • Tambe Electric Inc. entered into a written agreement with Home Depot to provide copper wire to Tambe at a price set forth in the
    9·1 answer
  • Kleen Company acquired patent rights on January 10 of Year 1 for $857,700. The patent has a useful life equal to its legal life
    5·1 answer
  • Western Wear Clothing issues 2,700 shares of its $0.01 par value common stock to provide funds for further expansion. Assuming t
    9·1 answer
  • If you had $1,000 to invest into the following funds, which one would have the highest value (not including any fees) at the end
    10·2 answers
  • Gonzalez Company has 350,000 shares of $10 par value common stock outstanding. During the year, Gonzalez declared a 10% stock di
    12·1 answer
  • A hardware store ordered 200 cans of wood stain in various shades. The written contract between the store and manufacturer provi
    7·1 answer
  • 2 pros of positive word of mouth (WOM) <br> 2 cons of positive word of mouth (WOM)
    12·1 answer
  • How differently would you allocate assets between an elderly couple and a young entrepreneur?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!