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just olya [345]
2 years ago
9

If you were opening a savings account with compound interest, would you prefer an account that offers annual compounding, quarte

rly compounding, or daily compounding? Explain your answer using atleast two full sentences.
Business
1 answer:
max2010maxim [7]2 years ago
4 0
 <span>It is very simple. The more often it is compounded the better. So daily is the best, next is weekly, monthly etc. The greater the number of compounding periods, the better it is for your bottom line. 
With a savings account you are lending the bank money but with a mortgage they lend you money so conversely, you want as few compounding periods as possible. 
It works this way because at each break point to which they compound interest (ie.say monthly) they capitalize (add the interest earned to that point) into the investment and you earn interest on your interest for the next period as well as on the principal you started with (next month in this scenario) So the more often they include the interest earned into the calculation (compound periods) the greater the impact on growth. hope it helps
</span>
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During March, the production department of a process operations system completed and transferred to finished goods 35,000 units
kotegsom [21]

Answer:

Direct Labor Equivalent unit cost : $5,415463

Explanation:

\left[\begin{array}{ccccc}\\ &$Units to be assigned costs:&&Equivalent Units&\\&&$Whole Units&Materials&Conversion\\&$Beginning&35000&35000&17500\\&$Started and completed&71000&71000&71000\\&$transferred&106000&106000&106000\\&$ending&39000&39000&11700\\&$Total units to be assigned costs&145000&145000&117700\\\end{array}\right]

<u><em>Transferred units:</em></u>

beginning + started - ending  = transferred

35,000 + 71,000 - 39,000 = 71,000

Labor cost: 581,000 + 56,400 = 637,400

equivalent units for conversion: 117,700

(trasnferrred + percentage of completion ending WIP)

<em><u>Equivalent unit cost:</u></em>

637,400 / 117,700 = 5,415463

7 0
3 years ago
The primary purpose of __________ is to preserve memories of persons or events.
kupik [55]
<span>monuments is the right answer </span>
3 0
3 years ago
Joe is hired by a real estate company to complete a roofing job on one of their projects. The job is very specialized, he is und
IceJOKER [234]

Options:

Yes, Joe is an agent who has that authority.

No, Joe is an employee, but the employee does not have that authority.It depends whether Joe signed a written contract for his employment.

Yes, Joe is an employee.

No, not unless he possesses authority from the principal because Joe is an independent contractor.

Answer:No, not unless he possesses authority from the principal because Joe is an independent contractor

Explanation: An independent contractor is a third party engaged by a principal to transact certain specific jobs or accomplish a certain task on his behalf. An independent contractor does not have any power or authority to represent his or her principal especially when he or she is not authorized to do that on behalf of the principal.

JOE DOESN'T HAVE THE POWER OR AUTHORITY TO ENTER INTO ANY CONTRACT OR AGREEMENT WITH ANOTHER ENTITY FOR HIS PRINCIPAL EXCEPT WHEN GIVEN THE AUTHORITY TO DO SO.

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3 years ago
Recent rains increase the demand for kayaks, as paddlers want to take advantage of the exciting river conditions on the oconee r
vagabundo [1.1K]
The question is incomplete and should state "Recent rains increase the demand for kayaks, as paddlers want to take advantage of the exciting river conditions on the Oconee river. New plastic technology makes kayaks less expensive to make, as a result, one should expect the equilibrium price of kayaks to purchased to fall and the equilibrium quantity of the kayaks to raise." The questions is also a true or false question. The answer will be false. It is false because both the equilibrium price will raise and so will the quantity. The increase in demand will will create a new curve in the demand which will raise the prices and the companies will make more kayaks. 
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3 years ago
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scoundrel [369]

Answer:

The correct answers are letters "A", "B", and "C".

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Options brokers cannot provide any strategies to investors unless the <em>Options Disclosure Document </em>(ODD) was not sent to the investor, the <em>Registered Options Principal</em> has not approved the opening of the account of the investor or if the investor intends to apply a strategy that the broker is not sure if the investor can accept the <em>risk inherent</em>.

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6 0
3 years ago
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