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LUCKY_DIMON [66]
4 years ago
8

Jamie earned $14 in interest on her savings account last year. She has decided to leave the $14 in her account so that she can e

arn interest on the $14 this year. The interest earned on last year’s interest earnings is called:
Business
1 answer:
tatuchka [14]4 years ago
6 0

Answer:

interest on interest.

Explanation:

The interest income which is earned from the last years interest earned is called interest on interest. As Jamie earned $14 interest last year and left the amount to earn further interest on this $14 too. Assuming the Effective interest rate is 10%, then additional $1.4 will also be earned on the interest invested with principal. This $1.4 is known as The interest on interest.  

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Joy is taking out a car loan which she’ll pay back with interest. Which option will require her to pay the lowest amount in inte
Mice21 [21]
Lowest amount of interest would be annual compounding.
6 0
3 years ago
The way Professor Quinn choose to handle this situation illustrates the difficulty of dealing with ethics violations. Listed as
miv72 [106K]

Answer:

The correct answer is:

Establishing a code of ethics

Referring ethical dilemmas to an ethics committee

Providing support for whistleblowers

Explanation:

The ethics of the company tries to apply ethical principles in decision-making and concrete actions, and provides tools that raise the ethical level of companies.

Business ethics includes the moral principles and norms that guide behavior in the business world. In fact, there are people who think that their personal values ​​and principles have nothing to do with those presented in their work environment. This is a mistake, when an ethical person works in a company where ethics remains, this person will have a place where he can develop his full potential and his degree of loyalty will be unimaginable.

Companies when they want to define their code of ethics, integrate a series of values ​​such as honesty, loyalty, integrity, innovation, quality, respect for the individual, among others.

4 0
4 years ago
In 2007, Wagner Associates appropriated $65,000 of retained earnings to satisfy the restrictive covenant of a loan agreement. Wh
Dmitry [639]

Answer:

The financial statements effects of the appropriation are as follows:

a) Retained Earnings will reduce by $65,000 in the Income Statement and the Balance Sheet.

b) Cash balance will also reduce by $65,000 in the Balance Sheet.

Explanation:

Normally, partnerships can distribute or appropriate their profits according to their partnership agreements.  However, there may be restrictive loan covenants that can specify how much profits partnerships can distribute among the partners.  The purpose of such covenants is to ensure that the ability of the partnership to repay loans are not compromised through profit appropriations.

Financial institutions, therefore, to secure the loans advanced to businesses may include restrictive covenants.  Some restrictive covenants may specify the minimum cash balance to maintain.  Restrictive covenants, generally, remain measures to overcome unwanted business outcomes.  It is a form of insurance against loan repayments.

8 0
3 years ago
Read 2 more answers
Competitive advantage is
Illusion [34]

Answer:

A) A firms resources and capabilities that overcome competitive forces

Explanation:

A company's competitive advantages are existing conditions that generate an advantage or a favorable business position over the company's competitors. Competitive advantages are obtained by offering greater consumer value, e.g. lower prices but equal quality, or higher quality for the same price.

4 0
3 years ago
In both Gamma and Delta average labor productivity is $20,000 per worker per year. The population of Gamma is 200,000 and the po
cupoosta [38]

Answer:

Total output in Gamma is $2,400,000,000 and total output in Delta is $4,800,000,000.

Explanation:

The population of Gamma is 200,000 and the population of Delta is 400,000. Sixty percent of the population in each country is employed.

The number of worker in Gamma = 60% x 200,000 = 120,000 people

The number of worker in Delta = 60% x 400,000 = 240,000 people

Total output = Average labor productivity x The number of worker

Total output in Gamma = $20,000 x 120,000 = $2,400,000,000

Total output in Delta = $20,000 x 240,000 = $4,800,000,000

8 0
3 years ago
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