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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 The interest earned every  year is not withdrawn but is added to the principal amount.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 company's normal operating activity is to produce 500 units per month. During its first two months of operaetion, it produced
Bingel [31]

Answer:

a. 450-510

Explanation:

4 0
3 years ago
Sadik Inc.'s bonds currently sell for $1,180 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year ma
Nadya [2.5K]

Answer:

7.74%

Explanation:

The yield to call would be the internal rate of return considering the cahsflow until the bodn is called. W can solve for that using excel IRR function;

We list the cashflow in order.

F0 -1180

F1 105

F2 105

F3 105

F4 105

F5 1205 (105 coupon payment plus 1100 principal)

We now write the function and get the YTC

=IRR(B1:B6) 7.7366%

3 0
3 years ago
Prepare general journal entries to record the following transactions for the Harris
e-lub [12.9K]

31/12/2013 bad debts expense  800$

                                      Provision for bad debt expense    800$

                       Provision for bad debt    60$

                                                                Debter   60$

                        Provision for bad debt   75$

                                                          Debter   75$

                        Provision for bad debt  45$

                                                           Bad debt recovery income 45$

                        Provision for bad debt   100$

                                                        Debter  100$

                                Provision for bad debt  25$

                                                                Bad debt recovery income  25$

7 0
3 years ago
Read 2 more answers
The focus of Performance Based Logistics (PBL) is to leverage best practices of both Government and Industry.
natita [175]

The focus of Performance Based Logistics (PBL) is to leverage best practices of both Government and Industry.--- True

Explanation:

PBL is synonymous with performance-based life cycle product support, where outcomes are acquired through performance-based arrangements that deliver Warfighter requirements and incentivize product support providers to reduce costs through innovation. These Product Support Arrangements (PSA) are contracts with industry or intragovernmental agreements.

What is the focus of performance based logistics?

Performance-Based Logistics (PBL) is the purchase of support as an integrated, affordable, performance package designed to optimize system readiness and meet performance goals for a weapon system through long-term support arrangements with clear lines of authority and responsibility.

How long are PBL contracts?

Effective PBL contracts are typically multi-year contracts (i.e., 3 to 5 years with additional option or award term years), with high confidence level for exercising options/award term years.

Learn more about performance based logistics:

brainly.com/question/22567488

#SPJ4

8 0
1 year ago
In a flexible budget performance report _____.
natulia [17]

Answer:

b. the budget is adjusted to the actual activity for the period.

Explanation:

A flexible budget performance report is a comparison between actual costs and revenues, and the budgeted income and expenses at the end of a period, based on actual performance.  The report shows the difference between the actual results and the estimated numbers.  Management uses the report to determine if the company's results were in line with management expectations.

The performance report is prepared at the end of a financial period.  It helps the management analyse any major variances between the actual performance at the estimated numbers at the beginning of a period.  The report helps the management identify the companies strong areas, and the sections that need improvements.

3 0
3 years ago
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