1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Allushta [10]
3 years ago
9

Which one of the following bank accounts will you choose for a savings account? Bank A: An account that pays 8% nominal interest

(APR) with daily (365-day) compounding. Bank B: An account that pays 8% nominal interest (APR) with annual compounding. Bank C: An account that pays 7% nominal interest (APR) with daily (365-day) compounding. Bank D: An account that pays 7% nominal interest (APR) with monthly compounding.
Business
1 answer:
Nezavi [6.7K]3 years ago
7 0

Answer:

bank a

Explanation:

to determine the appropriate bank to choose for a savings account, we have to calculate the effective annual interest rate. the bank with the highest effective annual interest rate would be chosen

Effective annual rate = (1 + APR / m ) ^m - 1

M = number of compounding

Bank A =  [ 1 + (0.08/365)^365 - 1 = 8.32%

Bank B = 8%

Bank C =  [ 1 + (0.07/365)^365 - 1 = 7.25%

Bank D =  [ 1 + (0.07/12)^365 - 1 =7.23%

Bank A has the highest effective annual rate and would be chosen

You might be interested in
A person strongly feels that going into debt is wrong. This is an example of the influence of:
Nataly [62]

A person powerfully feels that go off into debt is incorrect. This is an instance of the powerfulness of marketing and advertising.

<h3>What is marketing and advertising?</h3>

Marketing is defined as the process of discovering a consumer's needs and selecting some effective mode to communicate those demands.

Advertising is the practice of marketing a business concern and its products or services through pay off channels. To put it another way, advertising is a part of marketing.

Marketing and advertising aggressively convinces everyone that going into debt is a bad idea.

Therefore, option C is correct.

Learn more about the marketing, refer to:

brainly.com/question/13414268

#SPJ1

5 0
2 years ago
A fashion company anticipates making 1000 dresses in six months. at the end of three months, the company has made 250 dresses. i
Misha Larkins [42]
The answer is A. 25%.
3 0
3 years ago
determine the operating cash flow​ (ocf) for​ kleczka, llc., based on the following data. during the year the firm had sales of
12345 [234]

The operating cash flow of kleczka llc. is: 474000

It is calculated as:

Sales                                                                                            2500000

Less: Cost of Goods Sold                                                          -1800000

Gross Profit                                                                                   700000

Less: Operating Expenses                                                          - 300000

Operating Income                                                                         400000        

Add: Depreciation                                                                          200000  

Operation Cash Flow                                                                     600000

Less Tax                   (600*21%)                                                       126000

Net Operating Cash Flow                                                               474000

Operating cash flow  or OCF is a measure of the amount of cash which is generated by a company's normal business operations.

To know more about operating cash flow here:

brainly.com/question/17001006

#SPJ4

8 0
2 years ago
Megan Company (not a corporation) was careless about its financial records during its first year of operations, 2017. It is Dece
Ilya [14]

Answer:

Megan Company

Analysis of Error and Indication of its effect on 2013 and 2014 Net Income, Assets, and Liabilities:

                  Net Income                 Assets                     Liabilities

            2013          2014          2013        2014          2013      2014

1.           O                                   O

2.          O                U                                                   U

3.          U                O                U

4.          O                U                U

5.          O                U                                                  U

6.          U                                   O

7.                                                U                               U

Explanation:

a) Data and Calculations:

Codes to indicate the effect of each dollar amount: O = overstated, U = understated, and NE = no effect.

The overstatement of Net Income happens when an expense incurred is not recorded in the affected period or a revenue not earned is recognized in the wrong period.  For instance, when depreciation expense for 2013 is not recorded in 2013, the net income is overstated.  We cannot assume that the error is corrected in 2014, according to this question.

6 0
3 years ago
A key aspect to communication plans are that they allow the project manager and the project team to:__________.
Scilla [17]

Answer:

The correct answer is:

Actively control the flow of information. (A)

Explanation:

successful projects rely on communication. Communication entails exchange, discussion, information, technology, advice and teamwork. A good communication plan entails the following:

  • sets clear guidelines for how information to be shared
  • outlines who is responsible for sharing information
  • outline who needs to be included in each communication.

There is no definite way for a team to communicate in a project, but a variety of communication methods exist, which includes:

emails, meetings, discussion boards, status reports, to-do lists or task trackers, collaboration apps.

In order to know what type of communication method to choose:

  • determine what works for the team
  • use successful communication methods from similar past projects
  • check in with team members and relevant stakeholders.
3 0
3 years ago
Other questions:
  • How do you account for financial losses in order to maintain quality customer service, for example, a restaurant that gives a fr
    11·1 answer
  • Park Co. is considering an investment that requires immediate payment of $21,705 and provides expected cash inflows of $6,700 an
    5·1 answer
  • How does the viscosity of the magma fed to volcanoes affect nearby life and property?
    12·1 answer
  • When you purchase an item in a store, you may be charged __________.
    14·2 answers
  • The company intends to classify these costs and expenses into the following categories: (a) direct materials, (b) direct labor,
    6·1 answer
  • 8. Effective Yield. A US investor obtain British pounds when the pound is worth $1.50 and invest in a one year-money market secu
    12·1 answer
  • Rudyard Corporation had 110,000 shares of common stock and 11,000 shares of 7%, $100 par convertible preferred stock outstanding
    11·1 answer
  • WILL MARK BRAINLIEST
    5·1 answer
  • Alicia Tax Services paid $690 to settle an account payable. Which of the following general journal entries will Alicia Tax Servi
    9·1 answer
  • A property sold in april for $216,500. it sold again 9 months later for $245,750. what was its average monthly rate of appreciat
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!