As a result of saving's rates being less than 1% today, the power of compounding is negligible and not used.
The <u>power of compounding</u> refers to the increase in savings as a result of interest being charged on an accrued amount.
For one to truly take advantage of the power of compounding, the interest rate would have to be higher than the inflation rates.
Inflation rates are:
- The rates by which the prices of goods and services increase in a county
- Currently 5.4% as of September 2021
With inflation rates being significantly higher than savings rates, the interest made will be wiped out by the increase in prices. The power of compounding can therefore not be taken advantage of.
In conclusion, inflation rates are significantly higher than savings rates which is why the power of compounding for savings is all but useless.
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Answer:
The Budgeted sales for the month are 108,000 units. The right answer is b.
The true answer is c. Unit variable cost remains constant with changes in production
Explanation:
In order to calculate the Budgeted sales for the month we would have to calculate the following formula:
Budgeted sales= Estimated sales + Desired ending inventory - Beginning inventory
= (85,000+25,000)+4,000 - 6,000
= 108,000 units
The Budgeted sales for the month are 108,000 units
Variable cost per unit remains same even though there's a change in output. Hence, Unit variable cost remains constant with changes in production.
The balance of payments is the difference between money flowing into a country from exports, and money leaving the country for imports, plus money flows coming from other factors such as tourism, foreign aid, military expenditures, and foreign investment.
Explanation:
The Balance of Payments (BOP) is the tool used by countries to track all international monetary transactions at a given time. In the Balance of Payments, it accounts for all trades administered by both the private and public sectors to determine total money goes into and out of a country.
The balance of payments (BOP) reflects the record of all international financial transactions made by a country's citizens. Such transactions compose imports and exports of goods & services, tourism, and capital, as well as transfer payments, such as foreign aid and remittances.
Answer: disclose the material fact about the flood hazard to the buyer.
Explanation:
Based on the information given in the question, Agent Thurmond must disclose the material fact about the flood hazard to the buyer.
It is advisable and ethical for Agent Thurmond to tell the buyer about the issue with regards to the flooding. This is appropriate in order to avert any controversy or case that may eventually result in the future when the buyer becomes aware of the flood hazard.
This question is true, as business continue to prosper and grow. Many investors would want to invest into a stock market like a gamble or a faster way to gain more money, based on how you trust your stock market.