Given:
Principal = 11,000
return rate = 6%
term = 20 years
Without additional information, I can treat this problem as a simple interest problem.
Simple Interest = Principal * rate * term
Simple Interest = 11,000 * 0.06 * 20 years
Simple Interest = 13,200
11,000 + 13,200 = 24,200 total balance after 20 years.
Assuming that the interest is compounded once a year.
A = P (1 + i/n)^t*n
A = 11,000 (1 + 0.06/1)^20*1
A = 11,000 (1.06)^20
A = 11,000 * 3.207
A = 35,278.49 total amount after 20 years.
The amount involving compounding interest is greater than simple interest because in compounding interest, the interests earned in the previous years also earn its own interest. Whereas, in simple interest only the principal earns an interest.
Answer:
none of the above
Explanation:
an eagle is a vertebrate,it has a vertebral column
a whale also has a back bone
symbiosis is a relationship where organisms interact and they both benefit
saprophytism is a state of feeding on dead organisms
Answer:
400 units
Explanation:
price per unit $40
variable costs per unit $20
fixed expenses $8,000
operating leverage = fixed costs / total costs
- operating leverage = 2
- fixed costs = $8,000
- total costs = ($8,000 + total variable costs)
2 = $8,000 / ($8,000 + total variable costs)
2($8,000 + total variable costs) = $8,000
$4,000 + 0.5(total variable costs) = $8,000
0.5(total variable costs) = $4,000
total variable costs = $4,000/0.5 = $8,000
total variable costs = total output x variable cost per unit
$8,000 = total output x $20
total output = $8,000 / $20 = 400 units
Networking is a socioeconomic business activity by which business people and entrepreneurs meet to form business relationships and to recognize, create, or act upon business opportunities, share information and seek potential partners for ventures.
Answer:
customer theft; spoilage.
Explanation:
A perpetual inventory system is a type of inventory management that continuously records in real-time the amount of inventory sold or purchased through the use of enterprise software or technological software applications such as a point of sale (POS).
Under a perpetual system of inventory, updates of the journal entry for cost of goods sold or received would include debiting accounts receivable and crediting sales immediately as it is being made or happening. The advantage of the perpetual system of inventory over the periodic system of inventory is that, it ensures the inventory account balance is always accurate provided there are no spoilage, customer theft, etc.
