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Fittoniya [83]
3 years ago
9

Michelle invests her money in an account earning simple interest. What can she expect to happen to the balance of her account.

Business
2 answers:
Likurg_2 [28]3 years ago
6 0
<span>She can expect a linear growth (slow but steady) in her investment. Michelle's interest in a simple interest investment is the amount she accrued on deposits with a certain interest rate. It is based on the original sum of money known as the "principal" which she invested. When someone make a payment on a simple interest loan, the payment goes through that month's interest, and the remainder goes toward the principal. Each month's interest is paid in full so it never accrues-- compounding doesn't occur. There is a big difference in the amount of interest payable on a loan if interest is calculated on a compound rather than on a simple basis which is what simple interest entails and this is why simple interest doesn't accrue as much as compounding your interest since the Interest is calculated only on the principal amount.</span>
kondor19780726 [428]3 years ago
6 0

Answer:

A.

The balance will increase linearly.

Explanation:

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Describe a situation where you provided or observed high-quality customer service.
rewona [7]

A typical situation where i provided high-quality customer service is when i generously provide best customer service in my former work.

<h3>What is a high-quality customer service?</h3>

These quality service involves practices like valuing of customers' time, having a pleasant attitude and providing knowledgeable resource to the customers while offering them service.

Most time, when a high-quality customer service are offered, the customers my appreciated one's effort by tipping or praise them.

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8 0
3 years ago
Tom’s Grocery purchased 5 new cash registers for their new store and they paid $2,400 each for a total of $12,000 on August 1, 2
SVETLANKA909090 [29]

Answer:

c. Depreciation $1,000

f. Property, Plant and Equipment $12,000

Explanation:

Tom's Grocery purchased 5 new cash registers which amount $2400 each. They have useful life of 5 years. Using straight line depreciation the annual depreciation charge will be $2,400 / 5 which is $480 per year per cash register. There are 5 cash registers so total depreciation expense will be  $480 * 5 = $2,400 per year for 5 registers.

The registers are bought on August 1st, 2013 and the year end is December 31st, 2013 there are 5 months, the depreciation expense will be prorated based on the months.

$2,400 * 5/12

$1,000.

3 0
4 years ago
Flandro Company uses a standard cost system and sets predetermined overhead rates on the basis of direct labor-hours. The follow
nydimaria [60]

The Direct Materials standard cost is $13.20

The Direct Labor standard cost is $12.00

The Variable Manufacturing Overhead standard cost is $5.00

The Fixed manufacturing overhead standard cost is $11.80

Standard cost per unit- $ 42.00

The solution is in tabular form which is attached with this answer.

What is Standard Cost ?

A standard cost is described as a predetermined value, an estimated future cost, an expected cost, a budgeted unit value, a forecast cost, or as the "should be" cost. trendy expenses are frequently an critical part of a manufacturer's annual profit plan and operating budgets.

when standard prices are used in a manufacturing setting, a product's standard cost for a future accounting period will consist of the following:

  • Direct substances: a standard quantity of every material and a standard cost in keeping with unit of material
  • Direct labor: a standard quantity of labor and a standard cost in step with hour of labor production overhead: a price range for the fixed overhead, the standard variable overhead rate, and the usual quantity for applying a set and variable overhead rates

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8 0
2 years ago
Alliance Company budgets production of 35,000 units in January and 39,000 units in the February. Each finished unit requires 4 p
harkovskaia [24]

Answer:

$506,800

Explanation:

The calculation of budgeted materials cost is shown below:-

For computing the budgeted materials cost first we need to find out the total materials for production and materials to be purchased which is here below:-

Total materials for production = Budgeted production × Pounds of raw material per unit

= 35,000 × 4

= 140,000

Materials to be purchased = Total materials for production + Ending raw materials inventory - January 1 inventory

= 140,000 + (39,000 × 4 × 30%) - 42,000

= 140,000 + 46,800 - 42,000

= 186,800 - 42,000

= 144,800

Budgeted materials cost for January = Materials to be purchased × Cost per pound

= 144,800 × $3.50

= $506,800

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3 years ago
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Depending on a person's _____, he or she may be held to a higher standard of care.
nalin [4]
I believe it’s Profession
3 0
3 years ago
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