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3 years ago

When the amount earned on a deposit has become part of the principal at the end of a specified time period the concept is called

Business

1 answer:

mina [271]3 years ago

4 0

Answer:

Compound interest

Explanation:

Compound interest is a method of measuring interest by which interest is applied to the principal amount over time. You not only earn interest on the principal amount but also collect interest on your interest.

This tends to happen because you save your interest, rather than withdraw it

Hence, the compound interest is the correct answer

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What is the role of the third part in mediation?

NemiM [27]

Answer:

maybe d i am not sure

Explanation:d

3 0

3 years ago

Read 2 more answers

In a process costing system, when manufacturing overhead costs are applied to the cost of production, they are debited to: Multi

Sav [38]

Answer:

the Work in Process Inventory account

Explanation:

The journal entry to record the manufacturing overhead costs applied to the cost of production includes -

Debit Work in Process Inventory account XXXX

Credit Manufacturing overhead XXXX

As the work is in progress, it cannot be a finished goods inventory or even a cost of goods sold account. Again, raw materials inventory will not come here as manufacturing overhead costs assigned to the cost of production. Therefore, option C is correct.

6 0

3 years ago

Wildhorse Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be d

9966 [12]

Answer:

depreciation expense 2021 = $6,200

depreciation expense 2022 = $6,700

Explanation:

depreciable value = $29,000 - $200 = $28,800

depreciation expense per mile driven = $28,800 / 144,000 = $0.20

number of miles driven during 2021 = 31,000

depreciation expense 2021 = 31,000 x $0.20 = $6,200

number of miles driven during 2020 = 33,500

depreciation expense 2022 = 33,500 x $0.20 = $6,700

8 0

3 years ago

The Rolling Department of Oak Ridge Steel Company had 300 tons in beginning work in process inventory (25% complete) on July 1.

butalik [34]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

4 0

4 years ago

Each country has a unique economic system to allocate its scarce resources. However, the economic system of most of the world'

labwork [276]

Answer:

The answer are: ... are a combination of the central planning system and the price system.

Explanation:

Every economy in the world is a mixture of capitalism and socialism. In capitalism the fee market is absolute king, it sets prices and supply and demand of products. In socialist countries the government plans the economy and decides supply and demand of goods and services.

No country is purely capitalist since taxes exist and the government always intervenes with regulations and public services, etc. No country is purely socialist either, not even North Korea, since all the economies need to trade with their neighbors and people will always want to prosper.

So countries try to manage their economies in a mixture, some are more capitalist like the US and Canada, and some are more socialist like North Korea and Venezuela. The EU is sort of in the middle of both ideologies.

6 0

4 years ago