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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 The interest earned every  year is not withdrawn but is added to the principal amount.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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Discuss various factors that must be considered on the warehouse location decisions? ​
Goryan [66]

Answer:

burglar proofing

Explanation:

security

4 0
3 years ago
If country A exports $10 billion worth of goods to country B and imports $8 billion worth of goods from country B, then country
mr_godi [17]

Answer:

b. $2 billion trade surplus with country B.

Explanation:

When a country exports more than it imports, it is said that the country has a trade surplus. On the other hand, when a country imports more than it exports, it is said that the country has a trade deficit.

In this case, exports to country B are worth $10 billion which are larger than the $8 billion of imports from country B. Country A's trade surplus is given by:

S = \$10-\$8\\S=\$2\ billion

Therefore, the answer is alternative b.

6 0
4 years ago
What distinguishes Accenture as a holistic provider of Extended Reality (XR) services?
quester [9]

Accenture stands itself as a comprehensive provider of Extended Reality (XR) services because of its special blend of strategic assets, competencies, and connections. It emphasizes talent, creativity, technology, and collaboration.

A systematic approach to the creation, coordination, planning, and upkeep of all assets inside an organization is known as asset strategy management. Therefore, manufacturing is adopting a strategic strategy to provide the consumer with the best value level of service.

By correctly matching the asset mix of an investor's portfolio with their long-term investing goals and objectives, strategic asset allocation creates a framework for the investor's portfolio. Numerous studies have demonstrated that the main factor influencing portfolio results is the asset allocation of investors.

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6 0
2 years ago
horizontal integration through m&a can help firms strengthen their competitive position by increasing the differentiation of
kotegsom [21]

Increased Differentiation is competitive position by increasing the differentiation of their product and service offerings.

What is Increased Differentiation?

The key characteristic(s) that set one company's goods or services apart from those of its rivals are referred to as that company's products. Successful product diversification increases sales and customer loyalty.

A product differentiation strategy includes identifying and outlining a company's or product's distinctive features as well as the most critical distinctions between it and its rivals. Creating a strong value proposition and unique selling concept for a product or service is essential to making it appealing to a target market or audience.

If done successfully, product diversification might provide the product's seller a competitive edge and eventually increase brand recognition. The quickest high-speed Internet connection and the most cost-effective electric car on the market are two instances of different commodities.

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4 0
1 year ago
The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended De
Sunny_sXe [5.5K]

Answer:

Explanation:

Net Income                                 490776

Add back depreciation                 37752

Add back amortization                    4719

Deduct gain on asset disposal       (6292)

Increase in receivable                     (26500)

Decrease in payable                        (13075)

Increase  in inventory                       (26775)

Increase in salary payable               ( 2100)

Cash flow                                         458,505

The non cash expenses which are depreciation and the amortization cost are added back and non cash income like gain on the disposal of asset deducted to arrive at the net cash flow.

7 0
4 years ago
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