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2 years ago

Which savings account will earn you the least money?

1 answer:

7 0

The savings account that would earn the least amount of money is the account that earns a simple interest monthly.

<h3>What does simple interest and compound interest mean?</h3>

Simple interest rate is the interest that is paid only on the principal portion of a loan. This means that the debtor does not pays interest on the interest rate already accrued. This differs from compound interest where the debt holder pays interest on the principal and the interest rate already accrued.

This means that an account that earns a compound interest would have a higher yield when compared with an account that earns a simple interest.

To learn more about compound interest, please check: brainly.com/question/26367706

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All competitive advantages have:________1. a limited life. 2. unrestricted sustainability. 3. protections against imitability. 4

dimulka [17.4K]

Answer:

The answer is the ability to earn above average returns indefinitely

Explanation:

To earn above the average returns are form of returns in excess of what an investor expects to earn from other investments with similar amount of risk. This gives an ability to manufactures to produce at the lowest cost, which is an advantage to organizations.

7 0

3 years ago

Read 2 more answers

Level of education and income earned are generally_

ivanzaharov [21]

Hi there

The Connection Between Education, Income Inequality, and Unemployment. ... Basically, the higher the education level, the higher the income. For example, people with professional degrees earned 6x as much as people who did not graduate from high school (in 2009: $128,000 vs. $20,000).

i hope this helps.

4 0

3 years ago

The amount by which the overhead applied to jobs during a period exceeds the overhead incurred during the period is known as: Mu

liubo4ka [24]

Answer:

E. Over applied overhead

Explanation:

Over applied overhead is defined as excess amount of overhead applied during a production period over the actual overhead incurred during that period. In other words, it means excess overhead applied to work over the amount of overhead actually incurred.

When this occurs, it is called favourable variance and it is added to the budgeted profit in the end of the accounting period in a financial statement.

5 0

3 years ago

What are the two advantages and two disadvantages in breakevean analysis

Scrat [10]

Answer:

Look at the explanation

Explanation:

Advantages:

1. Measure profit and losses at different levels of production and sales.

2. Predict the effect of cost and efficiency changes on profitability.

Disadvantages:

1. Assumes that sales prices are constant at all levels of output

2. Break even charts may be time consuming to prepare.

Hope this helps! :)

3 0

2 years ago

Compute net income for 2019 by comparing total equity amounts for these two years and using the following information: During 20

marishachu [46]

Answer:

net income during 2019 = $109,045

Explanation:

total stockholder equity 2018 = assets - liabilities = $293,500 - $79,245 = $214,255

total stockholder equity 2019 = assets - liabilities = $497,512 - $177,212 = $320,300

change in equity from 2018 to 2019 = $106,045

$33,000 can be explained by additional capital invested, and the remaining $73,045 corresponds to change in retained earnings

change in retained earnings = net income - dividends distributed

$73,045 = net income - $36,000

net income = $109,045

3 0

3 years ago