Compounding is known as the act of leaving your money and other accumulated interest in an investment for more than one period.
<h3>How do you explain the word compounding?</h3>
Compounding is known to be the method used when an interest is credited to a specific existing principal amount and also to interest already paid.
It is the act of letting go of one's money and other compiled interest in an investment for a long time.
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Answer:
Assets = Liabilities + Owner’s Equity (Capital – Drawing + Revenues – Expenses) = $17,017
Explanation:
Note: See the attached xlsx file for the effect of each transaction on the individual accounts of the expanded accounting equation and the report of the total of each element.
In the attached xlsx file, transaction (c) is treated in such a way that the insurance for the month of October 20—is accounted for under the following:
Prepaid Insurance = One-year insurance premium - (One-year insurance premium / Number of months in a year) = $1,000 - ($1,000 / 12) = $1,000 - $83 = $917
Expenses = One-year insurance premium / Number of months in a year = $1,000 / 12 = $83
Answer:
The answer is below
Explanation:
A covalent bond is a type of chemical bond that occurs as a result of the sharing of electron pairs between atoms. Covalent bonds are usually formed between non metallic atoms with similar electronegativity. St room temperature, covalent bond exist as either a liquid or a gas. Example of covalent bonds are ozone (O3), water (H2O) etc.
Ozone is said to be covalent bonded because their is a sharing of electrons among the covalent atoms.
Answer:
$85.84 Million
Explanation:
Interest Income has been calculated as under:
Income on Consumer Loan = $372 * 17% = $63.24 Million
Income on Home Equity = $130 * 14% = $18.2 Million
Income on Consumer Loan = $40 * 11% = <u> $4.4 Million</u>
Total Income $85.84 Million
So the total income that the Friendly Financial will earn from the money invested will be $85.84 million.
I think that the answer is
strategic intiative
