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3 years ago

What is the definition of compound interest? ( say in your own words and not from the internet )

Business

1 answer:

ollegr [7]3 years ago

5 0

Answer:

Compound interest (or combining interest) is that the interest on a loan or deposit calculated supported each the initial principal and also the accumulated interest from previous periods.

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Whispering Winds Corp. uses the periodic inventory system and reports the following for the month of June.

vesna_86 [32]

Answer:

a 1) FIFO

Closing Inventory = $1,760

Cost of Goods sold = $11,264

2) LIFO

Closing Inventory = $1,056

Cost of Goods sold = $11,968

b) FIFO gives the higher ending inventory than LIFO because the oldest items and lowest costs are allocated to the cost of goods sold.

c) LIFO results in higher cost of Goods sold because latest cost are allocated to the cost of goods sold and latest cost may include price increases.

Explanation:

FIFO

Closing inventory = 176 units * $10= $1760

Cost goods sold = 352 units + 704+528 -176 =1,408 units sold

from opening $2,112

12 June = $5632

23 June = ( 528-176) =352 units * 10 =3,520

total sold = $11,264

LIFO

Closing inventory = 176 units * 6 = $1,056

Cost goods sold = 352 units + 704+528 -176 =1,408 units sold

23 June = $5,280

12 June = $5,632

1 June = (352-176) = 176 *6 = $1,056

Total = $11,968

4 0

3 years ago

Kendra has a difficult project due for her chemistry class next week. What time-wasting activity should she make sure she does n

GuDViN [60]

Procrastinating
Procrastination is the avoidance of doing a task which needs to be accomplished. It is the practice of doing more pleasurable things in place of less pleasurable ones, or carrying out less urgent tasks instead of more urgent ones, thus putting off impending tasks to a later time.

3 0

3 years ago

How many points do you have? I have 1787.

son4ous [18]

Answer:

16650+

have a good day :))))))))))))))))

Explanation:

6 0

3 years ago

Read 2 more answers

A bond has a face value of $1,000, a coupon of 5% paid annually, a maturity of 34 years, and a yield to maturity of 8%. What rat

Lyrx [107]

Answer:

- 3.21%

Explanation:

In this question, we use the PV formula which is shown in the spreadsheet.

The NPER represents the time period.

Given that,

Future value = $1,000

PMT = 1,000 × 5% = 50

NPER = 34 years - 1 year = 33 year

Rate of interest = 9%

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value would be $581.42

Now the return would be

= Sale price + interest - purchase price

= $581.42 + $50 - $652.39

= -$20.97

And, the total return would be

= Return ÷ purchase price

= -$20.97 ÷ $652.39

= - 3.21%

5 0

3 years ago

Select the correct answer. who makes decisions regarding changes in the discount rate? a. the president b. the board of governor

Taya2010 [7]

The correct answer is option B.

The board of governors make decisions regarding changes in the discount rate.

<h3><u>What is board of governors?</u></h3>

The Federal Reserve System is governed by the Board of Governors, which is based in Washington, D.C.
It is governed by seven individuals, known as "governors," who are appointed by the American president and approved in their roles by the American senate.
In order to advance the objectives and carry out the duties assigned to the Federal Reserve by the Federal Reserve Act, the Board of Governors directs how the Federal Reserve System is run.
The FOMC, the section of the Federal Reserve that determines monetary policy, includes all of the Board members.
The periods of each member of the Board of Governors are staggered so that one term ends on January 31 of every even-numbered year. Each member is appointed to the position for a 14-year period.

When the Reserve Banks lend to depository institutions and others, as well as when they offer financial services to depository institutions and the federal government, the Board also offers general oversight, direction, and counseling.

Know more about board of governors with the help of the given link:

brainly.com/question/3935458

#SPJ4

5 0

2 years ago