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AveGali [126]
3 years ago
5

Joy is taking out a car loan which she will pay back with interest. Which option will require her to pay the lowest amount in in

terest?
ASemi-Annual Compounding
BAnnual Compounding
CDaily Compounding
DMonthly Compounding
Business
1 answer:
garri49 [273]3 years ago
5 0
Unless the bankers are serious money moochers, the lowest interest (In Total Amount) will be:
C. Daily Compound
This is the most likely because the more time you take to pay your debt the more you have to pay in interest.
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Jacqui decides to open her own business and earns $50,000 in accounting profit the first year. When deciding to open her own bus
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Answer:

C) $4,000

Explanation:

To calculate economic profit we can use the following formula:

economic profit = total revenue - (accounting costs + implicit costs) = (total revenue - accounting cost) - implicit costs

where:

  • accounting profit = total revenue - accounting cost = $50,000
  • implicit costs: ($20,000 x 5%) + $45,000 = $1,000 + $45,000 = $46,000

economic profit = $50,000 - $46,000 = $4,000

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3 years ago
You can stop learning ______.
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3 years ago
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Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May, which in
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Answer:

                                  Trial Balance

Items                                     Group             Debit ($)    Credit ($)

Cash                                      Asset               37641

Office Supplies                     Asset               890

Prepaid Insurance                Asset               4600  

Office Equipment                 Asset               12900

Accounts Payable                Liability                                12900

Capital                                   Equity                                  18000

Withdrawals                          Equity              3329  

Engineering Fees earned    Revenue                              36000

Rent Expense                        Expense         <u>7540</u>           <u>            </u>

Total                                                               <u>$66900</u>      <u>$66900</u>

6 0
3 years ago
Her neighbor could not afford to repair the roof on her house, so tijuana secretly hired and paid for a contractor to repair the
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Tijuana's actions are an example of <u> "altruism".</u>


Altruism is carrying on of worry for another's prosperity. Regularly, individuals carry on charitably when they see others in edgy conditions and feel sympathy and a craving to help. Selflessness doesn't generally easily fall into place, since by definition, it expects individuals to slight their very own worries to help other people with no desire for remuneration, however "reciprocal altruism" is a term utilized by evolutionary scholars and analysts to describe the choice to help with a desire that one will get some advantage or result to oneself. Agreeable conduct enabled our predecessors to make due under brutal conditions, despite everything it fills an important need to an exceedingly mind boggling society.

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From the standpoint of economic efficiency, markets tend to provide a. less of a public good than would be efficient. b. more of
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Answer:

A) less of a public good than would be efficient.

Explanation:

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