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Svetllana [295]
2 years ago
10

Anthony is deciding between different savings accounts at his bank. He has four options, based on how frequently interest compou

nds. Which should he choose if he wants the best rate of return on his interest?
A) Annual Compounding
B) Semi-Annual Compounding
C) Monthly Compounding
D) Daily Compounding
Business
1 answer:
GaryK [48]2 years ago
7 0

Answer: D) Daily Compounding

Explanation:To earn as much interest as possible, Anthony should open a savings account that earns compound interest and has the highest interest rate.

Daily compounding is compounded every day, hence Anthony will get the best rate of return on his interest with this.

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On April 1, 2018, Elucian Corporation invested in the bonds issued by the City of Westminster on January 1, 2018. These 10-year
timofeeve [1]

Answer:

D $302, 250

Explanation:

The computation of the total amount paid is shown below;

Total amount paid = Face value + accrued interest

= $300,000 + $300,000 × 3% × 3 months ÷ 12 months

= $302,250

hence, the total amount paid is $302,250

Therefore the correct option is d.

We simply applied the above formula so that the correct value could come

And, the same is to be considered

3 0
3 years ago
matt, a shareholder, can run for director by simply placing his name on the company's proxy statement. True or False?​
IgorLugansk [536]
False

Reason: A Shareholder cannot go for the director's by writing his name on the proxy Statement. Instead he has to place his name on the AGM or Annual General Meeting, where Shareholders meet, propose for their plans and Vote for The Company's Director.
6 0
3 years ago
Question 26 The Paper Mill is operating at full capacity. Assets, costs, and current liabilities vary directly with sales. The d
Lesechka [4]

Answer:

$2,260

Explanation:

The computation is shown below:

Present sales revenue $42,700

Expected sales revenue ($42,700 × 114 ÷ 100) $48,678

Current profit margin ($5,500 ÷ $42,700 × 100) 12.88%

Payout Ratio:  

Dividends (a) $1,925

Net Income (b) $5,500

Payout Ratio (a ÷ b × 100) 35%

Retention Ratio (100% - 35%) 65%

due to 14% rise in sales Increase in retained earnings  ($48,678 × 12.88 ÷ 100 × 65 ÷ 100) $4,075.32

due to 14% rise in sales, Increase in assets  ([$48,678 - $42,700] × $48,900 ÷ $42,700) $6,846

due to 14% rise in sales, Increase in liabilities  ([$48,678 - $42,700] ×  $3,650 ÷ $42,700) $511

when sales rise by 14% External Financing Needed ($6,846 - $4,075.32 - $511) $2,260        

7 0
2 years ago
Cullumber Company incurred the following costs while manufacturing its product.
kati45 [8]

Answer:

$328,400

Explanation:

Cost of Goods Manufactured is calculated in Manufacturing Account as follows :

<em>Cost of Goods Manufactured = Beginning Work In Process Inventory + Total Manufacturing Costs - Ending Work In Process Inventory</em>

therefore,

Cost of Goods Manufactured = $13,000 + ($121,000 + $61,000 + $15,000 + $111,000 + $24,000) - $16,600

                                                 = $328,400

5 0
2 years ago
I need friends &gt;:( :0
MArishka [77]

Answer:

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7 0
2 years ago
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