Answer:
<u>2.53%</u>
Explanation:
We need to understand what effective annual rate is to solve this question.
Effective Annual Rate is the actual interest earned on an investment due to effect of compounding.
The formula is:
Effective Annual Rate = 
Where
i is the interest rate given (nominal interest rate)
n is the number of compounding per year
For the old bank,
5% is the interest rate, so i = 5% = 5/100 = 0.05
n is the number of compounding per year, that will be n = 12 since compounding monthly
So, we have:
Effective Annual Rate 
For second bank, we have:
i = what we need to find
n = 2 (since semi annual compounding, every 6 months)
So,
Effective Annual Rate = 
This should be equal to APR from 1st bank (0.05)
So, we solve for i:
So, the interest would have to be
0.0253 * 100 = <u>2.53%</u>
The correct answer is choice d, all are correct.
When calculating the acquisition cost of a piece of equipment it should be the all inclusive cost of the equipment. The cost should include all transportation, installation, site preparation, sales or other taxes and testing costs prior to placing the equipment into production.
Answer and Explanation:
The Journal entry is shown below:-
1. Accounts receivable Dr, $8,380
To sales revenue $8,380
(Being credit sales is recorded)
For recording the credit sales we simply debited the accounts receivable and credited the sales revenue)
2. 7% Notes receivable Account Dr, $8,380
To Accounts receivable $8,380
(Being settlement with the account is recorded)
For recording the settlement with the account we simply debited the 7% Notes receivable and credited the accounts receivable.)
Answer:
Vertical lines
Explanation:
In simple words, In hair fashion, vertical lines establish length and height. When the eye traces the lines up and down, they render a hairstyle look longer and narrower . Along the horizontal as well as vertical sides, diagonal rows are placed. They are also utilized to highlight facial expressions or diminish them.
Thus, from the above we can conclude that the correct option is A.
Declining costs Highest net income LIFO Highest inventory LIFO.
Core paper. The last-in-first-out (LIFO) method assumes that the last unit to arrive in inventory, or the newest unit, will be sold first. The first in, first out (FIFO) method assumes that the oldest SKUs are sold first. FIFO inventory calculation assigns the last acquisition cost to the manufacturing cost.
FIFO (First In, First Out) Inventory Management evaluates inventory to reduce the likelihood of business losses when products are phased out or discontinued. LIFO (last in, first out) inventory management is suitable for non-perishable goods and uses the current price to calculate the cost of goods sold.
Learn more about LIFO at
brainly.com/question/13510592
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