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Ksju [112]
3 years ago
6

Jing, a recent engineering graduate, never took engineering economics. When she graduated, she was hired by a prominent engineer

ing firm. The earnings from this job allowed her to deposit $10000 each quarter into a savings account. Their way two banks that offer savings accounts in her town(a small town!).The first bank was offering 4.5% interest compounded continuously. The second bank offered 4.6%Compounded monthly. Jing decided to deposit in the first bank because it offered continuous compounding. Did she make the right decision?
Business
1 answer:
serious [3.7K]3 years ago
8 0

Explanation:

Since measuring the effective interest rate and effective interest rate of 4,6% multiplied per month, the effective rate was 4,6980 dollars annually, so she did not use the right option and preferred the lower rate because she was on a lower rate of return while she was a continual companion.

In this issue, the rate of interest has Adjusted and the interest rate paid for this monthly compound is higher than what the interest rate is offered. The rate of the continuous compounds is also higher than the rate of interest offered on the monthly compounding.

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_____ is defined as not having enough money to maintain an average standard of living
babunello [35]

 poverty is defined as not having enough money to maintain an average standard of living

Poverty is the state of a person who lacks customary or socially acceptable amounts of money or material possessions. Poverty is when people lack the means to meet their basic needs. In this context, identifying the needy first requires determining what constitutes a basic need. But poverty is more than just not having enough money. The World Bank Organization describes poverty as Poverty is Lack of Shelter

Poverty means more than a lack of income and productive resources to ensure a sustainable livelihood. Its manifestations include hunger and malnutrition, limited access to education and other basic services, social discrimination and exclusion, and lack of participation in decision-making processes

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8 0
2 years ago
noncash items, nonoperating items, and changes in current assets and liabilities are necessary adjustments to
notka56 [123]

Noncash items, nonoperating items, and changes in current assets and liabilities are necessary adjustments to <u>net income</u>

In accounting, noncash objects are monetary gadgets which include depreciation and amortization which can be protected inside the enterprise' internet profits, but which do now not have an effect on the coins go with the flow.

Those non-coins sports may additionally include depreciation and amortization, in addition to obsolescence. Property, plant and gadget resides on the balance sheet. Those items are taken at the earnings assertion in small increments called depreciation or amortization.

They ought to be incorporated within the assertion of coins flows in a phase classified, "Significant Noncash Transactions."

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5 0
1 year ago
3. What challenges do you anticipate in implementing some of the above steps? Explain.
erica [24]

In implementing some of your steps, anticipate the challenges as they are bound to e related to your specific goal.

<h3>What are challenges?</h3>

Generally, challenges are simply a competitive situation to determine who is superior in a specific field.

In conclusion, in carrying out set goals, missions, or said steps or series of activities we tend to meet challenges, and these challenges are anticipated by the nature of activity.

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6 0
2 years ago
A self-portrait of a celebrated photographer sold at a Christie's auction for about $4 million dollars. According to Christie's,
aleksandr82 [10.1K]

Answer:

The correct answer is letter "B": specialty goods.

Explanation:

Specialty goods are those for which buyers can make a special offer to acquire them based on special features the good has and brand recognition that makes it unique. <em>Luxury cars, cultural ornaments, </em>and <em>high-fashion clothing</em> are examples of specialty goods.

4 0
4 years ago
Lefty Consultants currently has 300,000 shares of common outstanding. Firm value net of debt is $3,450,000. The firm has warrant
s2008m [1.1K]

Answer: 60000

Explanation:

We will calculate the share price post warrant issues which will be:

= $10 + $1.25

= $11.25

Then, let the number of warrant issues is represented by x. Slotting this into the formula for the share price post warrant issued will go thus:

11.25 = (3450000 + 10×x) / (300000 + X)

3375000 + 11.25x = 3450000 + 10x

Collect like terms

11.25x - 10x = 3450000 - 3375000

1.25x = 75000

x = 75000/1.25

x = 60,000

Therefore, the number of warrant issued is 60,000

8 0
3 years ago
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