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shtirl [24]
1 year ago
12

Master Card and other credit card issuers must by law print the Annual Percentage Rate (APR) on their statements. If the APR is

stated to be 20%, with interest compounded daily (365 days in a year), what is the card's effective annual interest rate?
Business
1 answer:
4vir4ik [10]1 year ago
4 0

The effective annual interest rate would be 19.5%.

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If government regulation sets the maximum price for a natural monopoly equal to its marginal cost, then the natural monopolist w
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If government regulation sets the maximum price for a natural monopoly equal to its marginal cost, then the natural monopolist will earn economic losses. This is further explained below.

<h3>What is government regulation?</h3>

Generally, government regulation is simply defined as regulations established by the government that serve to outline the parameters within which certain actions are considered lawful.

In conclusion, Most rules are written in plain English.

Read more about government regulation

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5 0
2 years ago
Pina Corporation began operations on January 1, 2014. During its first 3 years of operations, Pina reported net income and decla
Sophie [7]

Answer:

The retained earnings statement showed a closing retained earnings of $226,120.00  as at 2017 year end.

Explanation:

In arriving at the closing retained earnings , I treated prior items retrospectively- that is as if the impact of such items have been in the accounts from day one,less the tax effect of all items involved.

For instance ,I deducted the understatement of depreciation in 2015 less of tax impact of 40%

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7 0
2 years ago
Woodward Corporation reported pretax book income of $1,000,000. Included in the computation were favorable temporary differences
andreyandreev [35.5K]

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

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Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

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6 0
3 years ago
To find the break-even point for a company that sells several products, the analyst must make an assumption about what the sales
leva [86]

Answer:

True because in the case if the the company is producing single product then the method is simple. If the company is making number of products we have to assume a sales mix to calculate breakeven point. Reaching breakeven point is not easy in multi products case. To calculate breakeven point we have to calculate weighted average contribution per unit to put the values in the following formula:

Breakeven point (units) = Fixed cost/ weighted average cost per unit

7 0
3 years ago
The information listed below refers to the employees of Brennan Company for the year ended December 31, 2016. The wages are sepa
Anton [14]

Answer:

Explanation:

The last payment date will be used in paying tax due for the fourth quarter the payment date will be the due date for payment which is January 31. and the amount will be 3024 assuming given 3024 is for the fourth quarter

b. The number of employees that are employed in the fourth quarter will be 10 that is if the decline in coming months is only because of disassociation of existing employees and no new employees are employed during the quarter.

c. Because of the time of submitting the form is Jan 31st. If taxes are paid on the due date, the due date is Feb 10. Amount of money to be paid is going to be 3024.

5 0
3 years ago
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