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Lera25 [3.4K]
3 years ago
12

Tomas earned $89 in interest on his savings account last year and has decided to leave the $89 in his account this coming year s

o it will earn interest. This process of earning interest on prior interest earnings is called ________.
Business
1 answer:
mamaluj [8]3 years ago
7 0

Answer:

compound interest

Explanation:

compound interest is a practice where the interest earned qualifies to earn more interest. Compound interest is offered on some savings accounts. The interest earned every  year is not withdrawn but is added to the principal amount. The principal amount increases at the beginning of every period.

The act of adding interest to the principal, which results in interest earnings on interest, is known as compound interest. Accounts that offer compounding interest are preferred to simple interest accounts. A saved amount in a compound interest account will grow faster as the principal amount will increase every year.

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A corporation sold 1,000 shares of its $2.00 par value common stock for $10.00 per share and later repurchased 100 of those shar
boyakko [2]

Answer:

Option B. Treasury Stock for $1,200

Explanation:

The reason is that when 1,000 shares which has $2 par value and were issued at $10 per share, the journal entry was:

Dr Cash Account $10,000

Cr       Common Stock $2,000

Cr       Paid In Capital   $8,000

But when 100 shares were repurchased at $12 per share, then the accounting treatment would be

Dr Treasury Stock $1,200

Cr         Cash Account $1,200

So the correct option is option B.

5 0
3 years ago
They really don’t purchase much, but they like the recreation the outing provides. Which type of shopping activity is this? Grou
algol13

Answer:

experiential shopping

Explanation:

Experiential Shopping is done in order to avoid the boredom and get engaged in an activity, basically for moving out of the room and finally having a view and enjoying it. The goods are purchased without any planning, and only because you saw them and you like them.

This is done in order to recreate peace.

This is done by people to create happiness and internal satisfaction. Shopping do not provide happiness to them unlike impulsive shopping, but the mere thought to go out and enjoy do provides them the happiness they intend to have.

7 0
3 years ago
Read 2 more answers
Groups that have a strong interest in the success and outcomes of a business, such as employees, neighbors, or government regula
timama [110]

Stakeholders are those groups that have a strong interest in the result of the project or a business.

<h2>What are stakeholders?</h2>

A stakeholder is a person or a group that has a vested interest in the course or outcome of a business and has a direct or indirect effect on the business or participates in it in one way or another.

<h3>Characteristics of stakeholders:</h3>

  • It is any internal and/or external person or organization that has or may have the capacity to affect the activity of the organization.

  • Stakeholders are members of the organization itself (managers, employees, shareholders), suppliers, consumers, neighbors and the market.

Therefore, we can conclude that all stakeholders can be classified according to their interest in the company's mission.

Learn more about stakeholders here: brainly.com/question/6867919

5 0
3 years ago
Suppose that after controlling for age and education, it is found that the average woman earns $0.80 for every $1.00 earned by t
ad-work [718]

Answer:

Consider the following explanations

Explanation:

a. The whole argument is based on the controlling of different factors such as age, education and occupation among males and females. Now, this is very subjective how they have controlled occupation. For e.g. – Which all occupation they have considered for as stressful job, which all jobs they have considered as physical tiring jobs. Working in a refinery may be physical tiring job but then working in IT Company can also be tiring.

Therefore since there are lot of factors at play apart the one considered to calculate ratio’s we can say that these differential percentage points can always be more than or less than of what presented in question.

b. The same logic has to be applied to (b) as well. When we say that discrimination account for less than 8 percent of differential we implied to say that occupation nature may have more than 12 percent of differential. Now, if you use above logic and applied from occupation point of view.

4 0
3 years ago
Read 2 more answers
Gloria is a broker for Jan. Jan is not satisfied with Gloria's work, so she fires her by email three months into a six-month ter
Blababa [14]

No, Gloria can not legally continue to work for Jan, because Jan has withdrawn her consent for Gloria to act on her behalf.

<h3>What is meant by consent?</h3>

Consent refers to the parties' mutual comprehension of the terms of the agreement. The contract requires the voluntary assent of both parties. If there are certain mistakes, or if one party attempts to deceive or pressure the other, consent will not be considered voluntary or genuine.

The importance of consent in business-

  • Regardless of how you phrase it, consent helps us be more successful marketers.
  • It makes us "ethical" marketers who recognize that acting morally will increase our chances of success in addition to ensuring that we abide by the law.

The three sorts of consent that an organization may get are as follows:

  1. Explicit Consent: An individual must be given a clear choice regarding whether to agree or object to the collection, use, or disclosure of their personal information in order to give their explicit consent.
  2. Implicit Consent: Implied consent is consent that isn't explicitly given by a person but is instead inferred from their behavior and the specific facts and circumstances surrounding the scenario (or, in certain cases, from their silence or inactivity).
  3. Opt-out Consent: Organizations do not need to get the user's consent before collecting and using their personal data if they have an opt-out consent.

To know more about laws and regulations important for employers, here

brainly.com/question/26463698

#SPJ4

4 0
2 years ago
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