Answer:
The answers are:
a. Jim's average balance over one year is $6339 (using an integer)
b. Jim will receive $76 as a bonus
Explanation:
For the future value of a deposited amount compounded continuously, the formula below is used:
where:
F = Future value
P = present value = $6000
е = Euler's constant = 2.7183
r = interest rate in decimal = 5.5% = 5.5/100 = 0.055
t = time in years = 1 year
∴
<em>Note that the constant 'e' can be used directly on the calculator</em>
Future value = $6,339 [ to the nearest integer(whole number)]
b. 1.2% of the average balance = 1.2% of 6,339
= 1.2/100 × 6339
= 0.012 × 6339 = $76.07
= $76 ( to the nearest integer)
C- they help get people’s opinions and day to day activities that they might do.
Explanation:
a. net sales less cost of goods sold
Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit will appear on a company's income statement and can be calculated by subtracting the cost of goods sold (COGS) from revenue (sales
An analysis of unemployment rates in sweden can be described as an application of: <u>macroeconomics</u>
<h3>What is unemployment rates?</h3>
Unemployment rate can be defined as the percentage of people that are unemployed or percentage of people searching for job.
On the other hand macroeconomics tend to focus on the economy of a country when it comes to inflation rate, unemployment rate, government spending, national output among others.
Macroeconomies is important based on the fact that it is centre on how a country economies performance and growth is at a particular or specific period of time.
Therefore An analysis of unemployment rates in sweden can be described as an application of: <u>macroeconomics.</u>
Learn more about Unemployment rate here:brainly.com/question/13280244
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Answer:
The correct answer is C
Explanation:
Principle of Revenue recognition, is the one of the foremost and vital principle of accounting, which is also the cornerstone of the accrual accounting along with the matching principle.
Under this principle, the revenues are recognized or ackowledged when they are realized or earned, which is generally when the goods are transferred or the services are rendered, irrespective of when cash is received.
So, the rule which says revenue to be recognized when earned and measure the revenue amount equal to value of non- cash assets received from clients is known as revenue recognition principle.
