Stanley deposits $1,000 into a savings account that pays 1% interest per year. At the end of the first year, he's earned $10 in interest and there is $1,010 in the account. If the account has simple interest, the 1% interest for year two would be based off <u>The original deposit ($1 000)</u> . If the account has compounding interest, the 1% interest for year two would be based off <u>the year one account balance ($1 010) </u>.
A savings account is a bank account at a retail bank. commonplace capabilities encompass a restrained number of withdrawals, a loss of cheque and related debit card facilities, restricted switch options and the incapacity to be overdrawn.
Even as there are several special forms of financial savings bills, the 3 most commonplace are the deposit account, the money marketplace account, and the certificate of deposit.
A financial savings account is an hobby-bearing deposit account held at a financial institution or different economic organization. even though those debts generally pay a modest hobby fee, their safety and reliability lead them to a first-rate choice for parking coins you need available for quick-time period desires.
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Answer:
Estimates are made to fill a probable space in a variable or incognite, so we often see that in science models that include estimates are used. In biology specifically in inheritance for example, estimates could also be used in geography.
In areas where estimates cannot be used, they are those where one depends on a variable or measurement, such as engineering or architecture, because if accurate measurements are not used, some failure can lead to losses
Answer:
72 cents
Explanation:
There is going to be a margin call when greater than 1000 dollars has been lost from the margin. Then the balance in the account is going to be smaller than that of the maintenance margin. so 1 cent increase in the price would bring about a lossof
0.01 * 50000
= $500
if the increase in the future price is about 2 cents then there would be a margin call.
70+2 = 72cents, this is when there would be a margin call
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Uptown Athletic had an inventory of $400,000. During the year, the company purchased goods costing $1,500,000. If Uptown Athletic reported ending inventory of $500,000 and sales of $2,000,000.
Cost of goods sold= beginning inventory + purchase - ending inventory
COGS= 400,000 + 1,500,000 - 500,000= 1,400,000
Sales= 2,000,000
COGS= 1,400,000
Gross profit= 600,000 30%
