Savings account B offers a higher APY because monthly compounding gives a better return than quarterly compounding.
Savings account A: Quarterly compounding: APY = (1+0.02/4)^4 -1 = 2.015%
Savings account B : Monthly compounding: APY = (1+0.02/12)^12 -1 = 2.018%
As we can see, Savings account B with monthly compounding produces a slightly higher APY than A and hence is better than A
Answer:
d. no individual buyer or seller has any significant impact on the market price.
Explanation:
A competitive market is a market in which there are many buyers and many sellers so that each has a negligible impact on the market price.
Successful business people never take their eye off the one thing that made them successful in the first place: the primary function of any business is making money. You can't make money without customers or clients (unless you're in the business of robbing banks or bribing politicians).
Answer:
All accounts and their balances at a particular date
Explanation:
The trial balance is the total of the all accounts belong to the income statement, retained earnings, balance sheet. Also their debit and credit balance are totalled and equalled to each other
So as per the given options, all other options except the above one are wrong as it represent to the particular statement i.e. totally incorrect
Therefore the above represent the answer
Answer: B -Merit Pay
Explanation: Merit pay is a performance based incentive to employees. It is financial in nature which means that an employee might be given a bonus or a pay rise for an outstanding performance.
Merit pay is a good performance compensation policy which helps to boost employees performance and there by increasing a company's overall goals of profit making.
Merit pay is a very good incentive which gives employees a sense of belonging in an organisation. it helps employees boost their moral as they are sure that their efforts will be well compensated by the organisation.
