You deposit $300 in a bank account that earns 4% compound interest annually. $444 is the value of your $300 in 10 years.
Compound interest happens whilst interest gets added to the primary amount invested or borrowed, after which the hobby rate applies to the new (large) principal. it's essential interest in the hobby, which over the years ended in the exponential boom.
Compound interest is while you upload the earned hobby lower back into your important stability, which then earns you even extra interest, compounding your returns. shall we say you have got $1,000 in a savings account that earns 5% in annual interest. In 12 months, you would earn $50, giving you a brand new balance of $1,050.
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Theres no equation sorryy
Answer: c. To reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.
Explanation:
Closing entries are the journal entries that are made at the end of an accounting period in order to be able to transfer temporary accounts to the permanent accounts.
The primary purpose of closing entries is to reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.
Therefore, the correct option is C.
Answer:
Explanation:
For computing the cost of inventorying, we have to apply the formula which is shown below:
= Total costs ÷ Number of items
1. Cost of inventorying = Total costs ÷ Number of items
= $125 ÷ 100 items
= $1.25
Total cost = $100 + $25 = $125
2. Cost of inventorying = Total costs ÷ Number of items
= $150 ÷ 150 items
= $1
Total cost = $100 + $25 + $25 = $150
3. Cost of inventorying = Total costs ÷ Number of items
= $175 ÷ 160 items
= $1.10
Total cost = $100 + $25 + $25 + $25 = $175
$25 is the each worker pay
To minimize the cost we required two workers as the cost of inventorying is lesser than other two.
Answer:
50%
Explanation:
Here is important to know that when we have the inflation rate (1,50% in this case) this indicator is enough to get the effect of the prices in an economy and get the nominal GDP affected by prices, so if the price level is 1,50% after the comma we have the average of the growth.
