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Vera_Pavlovna [14]
3 years ago
10

Sam just opened a savings account paying 3.5 percent interest, compounded annually. After four years, the savings account will b

e worth $5,000. Assume there are no additional deposits or withdrawals. Given this, Sam:
Business
1 answer:
Tasya [4]3 years ago
6 0

Answer:

could have deposited less money today and still had $5.000 In four years If the account paid a higher rate of interest

Explanation:

here is the full question

Sam Just opened a savings account paying 3.5 percent interest, compounded annually. After four years, the savings account will be worth $5,000. Assume there are no additional deposits or withdrawals. Given this, Sam: Multiple Choice will earn the same amount of Interest each year for four years will earn simple interest on his savings every year for four years. could have deposited less money today and still had $5.000 In four years If the account pald a higher rate of interest. has an account currently valued at $5,000. could earn more Interest on this account if the Interest earnings were withdrawn annually.

He would not earn the same amount of interest each year due to compounding. This is also the reason the simple interest would differ from compound interest.

To determine the value today, the present value has to be determined. This would be done by discounting the future value

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How do consumers influence the US economy?
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High levels of consumer confidence can especially affect consumers' inclination to make major purchases and to use credit to make purchases. Overall, demand for consumer goods increases when the economy producing the goods is growing.

I hope this helps you.

6 0
3 years ago
Cat's Coaster Company uses cork in all of the protective drink coasters that it manufactures. If Cat's enters into an agreement
Tema [17]

Answer:

The correct answer is a requirements contract.

Explanation:

Contract requirements are those essential for a contract to simply be born into legal life, regardless of whether or not it does so with validity or effectiveness. Therefore, they refer to a mere question of fact that could respond to the question: is there a contract? Such requirements are: the expression of will, the existence of an object and a cause. Once these three requirements are met, the previous question can be answered affirmatively. Otherwise there is no contract, the event has not occurred. As the Civil Code does not contain norms related to this question of existence, the courts generally sanction the omission of any of the indicated requirements declaring the contract null.

7 0
4 years ago
Read 2 more answers
The following activities occurred in 2019: Performed advertising services on account, $63,400. Received cash payments on account
Ugo [173]

Answer:

$63,400

Explanation:

Revenue is recorded during the financial year when incurred. So, consider only those items related to revenue that were incurred in 2019. The only revenue item incurred in 2019 is Advertising Services on Account of $63,400.

Cash Receipt of $12,200 is cash payment for revenue already recorded.

Deposits for Services not yet performed is a Liability and will be recognized as revenue when the services are performed. That is control of goods or service is transferred to the customer.

5 0
4 years ago
What formula below can be used to forecast inventory? (Inventory days / Cost of sales) x 365 (Inventory days / Revenue) x 365 (I
Bess [88]

The formula that can be used to forecast inventory is: (Inventory days / Cost of sales) x 365.

<h3>What is Inventory forecasting?</h3>

Inventory forecasting can be defined as the process in which companies tend to make you of their past inventory data or information to estimate,  predict ad forecast the inventory they will need in the future and by doing this it prevent the companies from running of inventory.

Most companies tend to make use of Reorder level so as to avoid running out of stock.

The formula that can be used to forecast inventory is (Inventory days / Cost of sales) x 365.

Therefore the formula that can be used to forecast inventory is: (Inventory days / Cost of sales) x 365.

Learn more about Inventory forecasting here:brainly.com/question/21445581

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8 0
1 year ago
Which type of investment would be an example of an investment at point B? a US savings bond a CD a stock a savings account.
Assoli18 [71]

There are different types of investment. The type of investment would be an example of an investment at point B is a stock.

When you look at the graph, you will see a rise from point A to both B. With this, you can know that the asset class that has highest risk and also has the highest return is a stock.

There are different kinds of investments. They includes stocks, real estate, etc. The intention of the buyer is that they will increase the value of their savings/money over time.

Learn more about Stocks from

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7 0
3 years ago
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