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Mrrafil [7]
3 years ago
5

A first saving account pays 5% compounded annually. A second saving account pays 5% compounded continuously. Which of the two in

vestments is better in the long term?
Business
1 answer:
Marysya12 [62]3 years ago
3 0
The account that’s compounded continuously is the better investment long-term because you accrue interest on top of interest on a daily basis which grows exponentially.
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These are selected 2017 transactions for Blue Corporation: Jan. 1 Purchased a copyright for $79,500. The copyright has a useful
Whitepunk [10]

Answer:

Check the explanation

Explanation:

Patents and Copyrights are amortized based on their useful life, not their legal life

It should be noted that Goodwill is not amortized

1. Debit 'Amortization Expense - Copyrights' $15,900 [($79500/ 5)]

Credit 'Copyrights' $15,900

2. Debit 'Amortization Expense - Patents' 18,800 [($112,800 / 5 ) x (10 /12 )]

Credit 'Patents' $18,800

.3. No entry

3 0
3 years ago
Contribution margin is always the same as gross profit margin. is calculated by subtracting total manufacturing costs per unit f
goldfiish [28.3K]

Answer: equals sales revenue minus variable costs

           

Explanation: In simple words, contribution margin refers to the amount of revenue that an organisation is left with after paying for the variable expenses that are incurred for the generation of such revenue.  

It is an important aspect of an organisation as it somehow depicts the ability of it to pay its fixed expenses like interests etc.

7 0
3 years ago
What is the yield to maturity of a bond that as a face value of $1,000, is currently selling for $980, has a 5% coupon (paid sem
Ghella [55]

Answer:

5.47%

Explanation:

The computation of yield to maturity is shown in the attachment:

Given that

FV = $1000

PV = ($980)

PMT = 5% ÷ 2 × 1,000  = $25

Number of years = 5 years × 2 =  10 Years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after applying the above formula, the yield to maturity is

= 2.73 × 2

= 5.46%

Therefore with the help of spreadsheets (as attached),  we could explain in a better manner.

7 0
3 years ago
Which of the following statements regarding Federal Reserve independence is​ incorrect?
hichkok12 [17]

Answer:

The correct answer is option D

D. The​ 14-year non-renewable terms for governors effectively insulate the Board of Governors from political pressure

Explanation: Option D is incorrect regarding federal reserve independence.

8 0
3 years ago
What three factors influence the value of a country’s currency?
kondor19780726 [428]

Economics conditions, political stability and balance of payments 3

7 0
3 years ago
Read 2 more answers
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