Answer:
C. Simple interest.
Explanation:
Simple interest is money earned by depositing some amount of money in a bank account or an investment account. The amount gained in the simple interest results from the money deposited only (the principal amount). Simple interest earns a constant amount for the entire period of savings or investment as long as the interest rate and the principal amount remain unchanged.
Simple interest is unlike compound interest. In compound interest, the interest earned in a period is added the deposit to make a larger principal amount. Renee is earning simple interest because her earnings are from the principal amount only. Since she is withdrawing her interests as they are earned, meaning her deposits remain the same. She is not allowing her earnings to be compounded with the principal amount to generate more earnings.
Answer:
d) Profit center
Explanation:
A profit center is a separate unit of a firm which incurs costs and generates revenue for the company. It is the division of the company that is in charge of earning money and creating sales. It is therefore a separate segment of the company which use of its resources to bring revenue for the company, and profits and losses of the division are estimated separately from other segments.
The importance of the profit center is that it makes it easy to identify the division within a company that least profitable and most profitable.
Therefore, the sales department of Mega Inc. which sells the various models of blankets it produces is a profit center.
I wish all the best.
Answer: $4,508
Explanation:
Companies usually give discounts with credit terms to encourage Receivables to pay faster.
In this scenario, credit terms of 2/10, n/30 were offered which means that if Carla Vista Company pays within 10 days they get a discount of 2% but if they don't they should pay the full amount in 30 days.
They paid within the discount period meaning that they qualify for the discount of 2% but they however returned goods worth $1800.
So calculating for that would be,
= (6,400 - 1800) (1 - 0.02)
= $4,508
The amount of the check is $4,508
Answer:
E. $2,688.77
Explanation:
We need to calculate the PMT of an ordinary annuity at 6%
PV 402,000
time:
85 years - 62 years = 23 years of retirement
23 years x 12 months per year = 276 months
rate: 6% annual rate we must divide over 12 months to convert into monthly: 0.06/12 = 0.005
C $ 2,688.766
<em>She can withdraw 2,688.76 per month</em>
Making and keeping an agenda.
An agenda is a list or schedule of tasks and helps you focus on what needs to be accomplished and in what time frames.
