1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
solong [7]
3 years ago
14

Assume Julian has a choice between two deposit accounts. Account A has an annual percentage rate of 7.55 percent but with intere

st compounded monthly. Account B has an annual percentage rate of 7.45 percent with interest compounded continuously. Which account provides the highest effective annual​ return? A. Account A B. Account B C. Both provide the same effective annual return. D. We​ don't have sufficient information to make a choice.
Business
1 answer:
Alex Ar [27]3 years ago
6 0

Answer:

The correct answer is letter "A": Account A.

Explanation:

Compound interest is the interest an investor earns on the original investment plus all the interest earned on the interest that has accumulated over time. It is also called <em>interested on interested</em>. The frequency of compounding could be scheduled from daily to annually. The more frequent the compound interest is set, the most beneficial it is for the investor.

In that sense, account A will provide Julian with the highest annual return since it gives him a compound interest on a monthly basis v. annually with account B.

You might be interested in
Cost of Goods Manufactured, using Variable Costing and Absorption Costing On March 31, the end of the first year of operations,
Lynna [10]

Answer:

$178

$259

Explanation:

The calculation of the variable costing concept and (b) the absorption costing concept is shown below:-

Cost of Goods Manufactured per unit = $516,200 ÷ 2,900

= $178

Fixed Manufacturing Overhead Per Unit = $234,900 ÷ 2,900

= $81

Variable Product cost Per Unit = Cost of Goods Manufactured per Unit

= $178

Absorption product cost per unit = $178 + $81

= $259

8 0
3 years ago
If the margin of safety is $200,000, fixed expenses are $50,000 and sales revenue is $500,000, what are variable costs?
Setler79 [48]

Answer: $250,000

Explanation:

4 0
2 years ago
Which technology will a business use to identify unauthorized access to intranet sites or files by its employees?
Brums [2.3K]

your answer is computer forensics

4 0
3 years ago
Read 2 more answers
which of these is not true regarding the special function performed by the external auditing profession?
Vladimir79 [104]

<u>It serves the interests of client management rather than the public.</u>

The special function performed by the external auditing profession is the attestation to the fairness of the financial statements of clients.

"The special function helps ensure the reliability and integrity of the financial reporting system. The auditing profession exists to serve the users of an organization's financial statements. Auditors need to remember that they are serving the public interest and not necessarily the interests of client management."

"The special function is a testament that the financial statements of their client are fair. This function serves all users of the financial statement, to ensure they all will be receiving reliable financial information."

To know more about Auditors click below:

brainly.com/question/13812517

#SPJ4

3 0
1 year ago
A property title search firm is contemplating using online software to increase the productivity of the researcher performing th
Stella [2.4K]

Answer:

PRESENT= $5.21

COMPANY – A = $6.72

COMPANY – B= $6.64

Explanation:

Calculation for the higher productivity in terms of revenue per dollar of input

PRESENT

Average time =59 minutes

Cost=59 minutes x$1.30 per minute

Cost = $76.7

Productivity (per $input)=$400/$76.7

Productivity (per $input)= $5.21

COMPANY – A

Average time= (59 minutes-16 minutes)

Average time=43 minutes

Cost= 43 minutes x $1.30 per minute + $3.60

Cost=$55. 9+$3.60

= $59.50

Productivity (per $input)=$400/$59.50

Productivity (per $input) = $6.72

COMPANY – B

Average time= (59 minutes - 17 minutes)

Average time=42 minutes

Cost= 42 minutes x $1.30 per minute + $5.60

Cost=$54. 6+$5.60

= $60.20

Productivity (per $input)=$400/$60.20

Productivity (per $input) = $6.64

Summary

PRESENT:Productivity (per $input)= $5.21

COMPANY – A:Productivity (per $input) = $6.72

COMPANY – B:Productivity (per $input) = $6.64

Therefore COMPANY – A with the amount of $6.72 would have the higher productivity in terms of revenue per dollar of input because it has the highest amount.

4 0
3 years ago
Other questions:
  • What is the name for the percentage of people who don't have jobs in a country or area?
    15·1 answer
  • An economy is experiencing a high rate of inflation. The government wants to reduceconsumption by $36 billion to reduce inflatio
    7·1 answer
  • Suppose you are the owner of a small t-shirt printing business. while conducting a cost analysis of your business, you find that
    10·1 answer
  • To be successful a topic must be appropriate the audience, speaker and
    11·1 answer
  • A customer is dollar cost averaging by investing $400 per month into a mutual fund. Over 4 months, the customer has made purchas
    5·1 answer
  • Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annua
    10·1 answer
  • In 2009 and 2010 Toyota had to recall millions of automobiles due to uncontrollable acceleration. This recall forced upper-level
    6·1 answer
  • Sandy is a single taxpayer who collected Social Security benefits of $22,000. The Social Security benefits were her only income
    13·1 answer
  • Which economic goal is encroached upon when the government taxes your wages in order to provide unemployment
    15·1 answer
  • What is an outcome in the game of economics
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!