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3 years ago

Summarize how compound interest helps you to accumulate savings even faster.

Business

1 answer:

yulyashka [42]3 years ago

4 0

Answer:

The magic of compound interest happens in a way that the more you put in, the faster your money grows.

Explanation:

The magic of compound interest happens in a way that the more you put in, the faster your money grows. The interest you earn on the amount you save also earns interest and this snowballing effect makes you accumulate your savings even faster. For example, if you deposit $100 in a savings account that pays 5% interest per year. At the end of the year, you account will have (5%*100= 5) plus the $100 you deposited, coming to a total of $105. At the end of the second year, your $5 interest earned in year 1 will earn another 5% interest and so will the $100 you initially deposited.

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What does the cio in a company do

Mars2501 [29]

Manage the technological areas of the company

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3 years ago

SuperGroup has expressed the intention to begin selling in other countries, including China, while still protecting its Superdry

Paul [167]

Answer:

Marketing and sales segment.

Explanation:

A values chain consists of actions that a firm functioning in a public industry that performs in order to deliver a valuable product to the market.

The idea value chain is based on the process view of a manufacturing organization as a system of subsystems that transforms and processes money, labor, and materials, etc.

The marketing and sales is considered to be a primary function and include the creation of salesforce, advertising campaigns, and giving values to its customers, clients and partners.

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3 years ago

The objective of a statistical process control (SPC) system is to A. provide a statistical signal when natural causes of variat

marysya [2.9K]

Answer:

D. provide a statistical signal when assignable causes of variation are present

Explanation:

The objective of a statistical process control (SPC) system is to provide a statistical signal when assignable causes of variation are present

7 0

3 years ago

Ayala Architects incorporated as licensed architects on April 1, 2017. During the first month of the operation of the business,

JulsSmile [24]

Answer:

Ayala Architects

General Journal

April 1

Debit : Cash $18,270

Credit : Common Stock $18,270

April 1

Debit : Salaries expense ($381 x 4) $1,524

Credit : Salaries Payable $1,524

April 2

Debit : Rent expense $914

Credit : Cash $914

April 3

Debit : Supplies $1,320

Credit : Accounts Payable - Burmingham Company $1,320

April 10

Debit : Accounts Receivable $1,929

Credit : Service Revenue $1,929

April 11

Debit : Cash $711

Credit : Deferred Revenue

April 20

Debit : Cash $2,842

Credit : Service Revenue $2,842

April 30

Debit : Salaries expense $1,524

Credit : Cash $1,524

April 30

Debit : Accounts Payable - Burmingham Company $305

Credit : Cash $305

Explanation:

Journal entry for the transactions have been prepared above.

4 0

3 years ago

The cost, in dollars, to produce x designer dog leashes is C ( x ) = 8 x + 3 , and the price-demand function, in dollars per lea

steposvetlana [31]

Answer:

P (x) = 80x - 2x^2 - 3

Explanation:

The Profit function is the revenue minus the cost.

Revenue = Price x Quantity = X.px = x(88-2x) = 88x - 2x^2

Therefore the profit function P (x):

P (x) = 88x - 2x^2 - (8x+3)

P (x) = 80x - 2x^2 - 3

To maximise profit we use the 1st order condition: dP(x)/dq = 0

Therefore, 80 - 4x = 0

4x = 80

x = 20

So 20 leashes maximises profit.

P(x) = 80(20) - 2(20)^2 - 3

P = $803

The price to charge would be:

p (x) = 88 - 2(20) = $48

The best reason would be that the price is a bit expensive for a leash so most people would not buy it.

6 0

3 years ago