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Tpy6a [65]
3 years ago
8

Stanley deposits $1,000 into a savings account that pays 1% interest per year. At the end of the first year, he's earned $10 in

interest and there is $1,010 in the account. If the account has simple interest, the 1% interest for year two would be based off ____________. If the account has compounding interest, the 1% interest for year two would be based off ________________.(NOTE: The first choice goes in the first blank, the second choice goes in the second blank)
Business
1 answer:
77julia77 [94]3 years ago
7 0

Answer:

$1000

$1010

Explanation:

The formula for determining simple interest = principal x time x interest rate

The formula for determining compound interest = future value - amount invested

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

1000 X 0.01 X 1 = $10

Given the figures in the question, the simple interest each year would be $10 based on $1000

But the compound interest in year 2 = 1000 x (1.01)^2 = 1020.10

1020.10 - 1000 = 20.1

compound interest in year 2 = 20.1 - 10 = 10.1

or

1010 x 0.01 x 1 = 10.1

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The firm negotiates a new agreement with its workers for lower wages. The ATC curve should be __________ and the AFC curve shoul
WINSTONCH [101]

Lower; unchanged

  • Average total cost (ATC) in economics is calculated as total fixed and variable costs divided by the number of units produced. The normal shape of the average total cost curve is a U, meaning it drops, bottoms out, and then rises. The total cost of an organization is the sum of its fixed and variable costs.
  • The vertical summation of AFC and AVC must be obtained in order to graph average total costs (ATC). Plot the points as shown on the left after adding the two at each output level. Because it is the result of adding the AFC and AVC curves, the ATC curve is higher than the other two. You can see that it is U-shaped, just like the AVC curve, on the left.

Thus this is the answer.

To learn more about curve, refer: brainly.com/question/25109150

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4 0
2 years ago
Market &amp; entreprenurship<br>are two sides of a coin<br>Justify by example <br>​
VladimirAG [237]

Answer:

The analysis for this type of situation has been presented elsewhere here.

Explanation:

  • The face of something like a coin would be typically referred to as one of the head, although it sometimes describes this same head of such a high profile individual, as well as the back of the tail.
  • Throughout disciplines of diploma nearby numismatic coins, this same phrase area has been more frequently than using front, when the utilization of opposite direction has been widely spread.
6 0
2 years ago
Preparing a Production Budget Patrick Inc. makes industrial solvents. In the first 4 months of the coming year, Patrick expects
TiliK225 [7]

Answer:

$135,010

Explanation:

Duration

January

February

March

Expected Sales

41,000

38,000

50,000

Add: Ending Inventory

(21%×38,000) 7,980

(21%×50,000) 10,500

(21%×51,000) 10,710

Less:Beginning Inventory

4,700

7,980

10,500

Units to be Produce

(7,980-4,700)+41,000=44,280

(10,500-7,980)+38,000=40,520

(10,710-10,500)+50,000= 50,210

Quarter in Total $135,010

7 0
3 years ago
A company purchased factory equipment on April 1, 2015 for $160,000. It is estimated that the equipment will have a $20,000 salv
zzz [600]

Answer:

$10,500

Explanation:

The computation of depreciation expense using the straight line method is seen below;

= [Original cost - Residual value] ÷ Useful life

= [$160,000 - $20,000] ÷ 10 years

= [$140,000] ÷ 10 years

= $14,000

Using straight line method, the depreciation value is the same for the remaining useful life.

Also, from April 1 to 31 December(9 months), the depreciation expense would be;

= $14,000 × 9/12

= $10,500

Therefore, the amount to be recorded as depreciation expense at December 31, 2015 is $10,500

6 0
2 years ago
A strong belief that economic progress leads to adoption of a totalitarian regime underlies the fairly permissive attitude that
GREYUIT [131]

Answer: FALSE

Explanation: The Western nations like the United States of America and other developed countries of the world has constantly criticize Human rights violations in China and other countries of the world.

Economic progress does not lead to totalitarian Government or regimes, many counties in Europe and the United States of America have made economic progress and are economic powers of the world but they have not adopted the totalitarian System.

7 0
3 years ago
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