Some tears will do the job.
False. Average fixed costs are totally different from average variable costs. They can only be equal if by chance the fixed costs are equal to variable costs for a specific level of production
Answer:
False
Explanation:
Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes.
These documents play a pivotal role in a financial institution, thus, not optional.
Cheers
Answer:
The Journal entries are as follows:
(i) On March 15,
Dividend [0.075×220,000,000] A/c Dr. $16,500,000
To dividend payable $16,500,000
(To record the declaration of cash dividends)
(ii) On March 30,
No Journal entry required
(iii) On April 13,
Dividend payable A/c Dr. $16,500,000
To cash $16,500,000
(To record the payment of cash dividends for its 220 million shares)
Answer:
The EFF of card is 27.45%.
Explanation:
EFF interest rate is an interest rate which is actually paid or received on debt or investment. It is also known as Effective Interest rate.
APR = 24.50%
EFF = ( ( 1 + r/m )^m ) - 1
EFF = ( ( 1 + 0.245/12 )^12 ) - 1
EFF = ( ( 1 + 0.020417 )^12 ) - 1
EFF = ( ( 1.020417 )^12 ) - 1
EFF = 1.27447765 - 1
EFF = 0.2745
EFF = 27.45%
