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AVprozaik [17]
3 years ago
12

Please HELP!!!!!

Business
1 answer:
mel-nik [20]3 years ago
4 0
No because they aren't Fair
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you have 300,000 saved for retirement. your account earns 6% interest. How much will you put out each month
Marat540 [252]

$2727

What is compound interest?

Compound interest, also known as interest on principal and interest, is the adding of interest to the principal amount of a loan or deposit. It occurs when interest is reinvested, or added to the loaned capital rather than paid out, or when the borrower is required to pay it, so that interest is generated the next period on the principal amount plus any accumulated interest. In finance and economics, compound interest is common.

In contrast to simple interest, which does not compound since past interest is not added to the principal for the current period, compound interest allows interest to build over time. The interest per period multiplied by the number of periods in a year yields the simple annual interest rate.

Learn more about compound interest with the help of given link:-

brainly.com/question/18456266

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5 0
1 year ago
Why does saturn have the coldest surface temp?
tatuchka [14]

Answer:

distance from the Sun

Explanation:

because of Saturn's tilt, the southern and northern hemispheres are heated differently, causing seasonal temperature variation.

6 0
2 years ago
Read 2 more answers
You decide to start operating a business selling friendship bracelets online; if one of the bracelets you sold falls apart, you
Alex73 [517]
This statement is True
3 0
3 years ago
the price index was 170 in the first year, 180 in the second year, and 195 in the third year. the inflation rate was about a. 5.
OlgaM077 [116]

The inflation rate was 5.9 percent between the first and second years, and 8.3 percent between the second and third years. Hence, A is the correct option.

When we compare the values for any two periods or locations it reveals the average change in prices between the two periods or the average difference in prices between locations, the price index is a measure of relative price changes.

Take the Market Basket's price for the interest-bearing year, divide it by the Market Basket's price for the base year, then multiply the result by 100 to get the Price Index.

Price indices typically pick a base year and set that year's index value to 100. As a proportion of that base year, every other year is expressed. Let 2000 serve as the basis year in this illustration: In 2000, the index's initial value was $2.50; since $2.50/$2.50 = 100%, the index's current value is 100.

To know more about price index: brainly.com/question/27886596

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8 0
1 year ago
On January 1, Revis Consulting entered into a contract to complete a cost reduction program for Green Financial over a six-month
Naddika [18.5K]

Answer:

1. Jan 31  Debit Cash $53,600

                         Credit Accounts receivable $53,600

2. June 30  Debit Cash $80,400

                           Credit Deferred Revenue $21,440

                           Credit Bonus Received $5,360

                           Credit Accounts Receivable $53,600

3. June 30 Debit  Penalty Payable $26,800

                 Debit Cash                       $53,600

                             Credit Accounts Receivable $53,600              

                             Credit Deferred Revenue $21,440

                             Credit Bonus adjustment $5,360

Explanation:

The question required that the month end revenue actually realized under the contract be journalized.

1.$53,600/- is a monthly payment which Revis will be receiving from Green Financial for every month for 6 months. Hence the receipt increases cash/bank balance and these are receivable under the contract. Hence accounts receivable is credited against the actual money received in the first month.

2.If cost saving targets are achieved by Revis, then apart from the monthly payment of $53,600/-, Green Financials has agreed to pay $26,800/- as bonus. Since the question states that Revis estimates that 80% it will reach the target, it would have accounted for the 80% as deferred revenue to be received. Hence 80% of $26,800/- is recorded under deferred revenue. Since now entire $26,800/- is received, the remaining 20% is shown as bonus received.  

3.When the targets are not met, the deferred revenue recognized is reversed and penalty is paid. The difference of 20% is shown as bonus adjustment amount. The regular monthly income of $53,600/- is recognized as is.

6 0
3 years ago
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