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nignag [31]
3 years ago
6

3. Is it better to have your interest compounded annually, quarterly, or daily? Why?

Business
2 answers:
love history [14]3 years ago
6 0

*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆*――*☆**☆*――*☆*――*☆*――*☆

Answer: Daily, because your money will have more money have interest on it. For example if 5$ is compounded annually and you get 1.3% a year, then you will get 5.013$ at the end of the year. But if it is compounded daily, at the end of the year you will have 5.07$ which is a lot more.

Explanation:

I hope this helped!

<!> Brainliest is appreciated! <!>

- Zack Slocum

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Oksana_A [137]3 years ago
5 0

Answer:

3. Is it better to have your interest compounded annually, quarterly, or daily? Why?

Explanation:

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Electra Corp had Retained Earnings in 2017 of $750 million. In 2018, they recognized Net Income of $45 million and paid dividend
andrezito [222]

Answer:

$785 million

Explanation:

The computation of the ending balance of the retained earning is shown below:

The closing balance of retained earning = Opening balance of retained earnings + net income earned - dividend paid

= $750 million + $45 million - $10 million

= $785 million

While calculating the ending balance we have to deduct only dividend amount and other amounts are to be added

8 0
3 years ago
Materials requirements planning (MRP) _________.a. reduces the uncertainty about when materials are needed, thereby reducing the
eimsori [14]

Answer:

The correct answer is (a)

Explanation:

Material inventory planning technique is an effective technique to manage the inventory level. It helps to manage all the inventory requirements and helps to schedule the inventory accordingly. It reduces the uncertainly regarding the inventory level, needs and materials. It helps to have the entire inventory needed for the short time; as soon as the inventory reaches a specific level it helps to restock it.

5 0
4 years ago
When preparing journal entries, the account titles are selected using either the dropdown menu (if available) or by keying in th
Ira Lisetskai [31]

Answer:

True

Explanation:

The journal entries are the recording of the transactions in which the one account is debited and another account is credited along with the description and the date.

If we take the example.

Rent is paid for cash for $10,000

So, the journal entry would be

Rent expense A/c Dr $10,000

      To Cash A/c $10,000

(Being rent is paid for cash is recorded)

So, the given statement is true

6 0
3 years ago
Ability to exert force against external objects
Kitty [74]

Static strength is the answer ^ ^

7 0
3 years ago
Which statement about employee benefits is true?
tatiyna

The statement about employee benefits is true will be: Most companies offer health insurance

Health insurance is an insurance coverage that help to cover a person medical costs.

Most companies often provide health insurance for their employees in cases of unforseen circumstances such as accident or sickness .

Health insurance help to save cost as you would not  need to spend money on medication because it has been covered.

Inconclusion The statement about employee benefits is true will be: Most companies offer health insurance.

Learn more here:

brainly.com/question/24697936

6 0
3 years ago
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