Answer: The correct answer is d) NOMINAL
Explanation: Nominal interest rate is the interest rate before inflation is taken into account. Nominal interest rate can also be used to the advertised or stated interest rate on a loan, without taking into account any fees or compounding of interest.
It is the contractual interest rate charged by a lender or promised by the borrower.
Answer:
$343
Explanation:
Andrea and Phillip's annual premium cost can be calculated using the cost per thousand formula:
cost per thousand = annual premium / thousands of coverage
- cost per thousand = $0.98
- thousands of coverage = $350,000 / $1,000 = 350
$0.98 = annual premium / 350
annual premium = $0.98 x 350 = $343
Answer:
Hie, on the choice of answers provided by your question there is no correct answer.
The correct answer for budgeted production units for July are 4,375 units
Please see below explanation and calculation i have prepared for the answer.
Prepare a Production Schedule for July as follows :
<u>July</u>
Budgeted Sales 4,200
Add Budgeted Closing Inventory (4,900 × 25%) 1,225
Total Production Needed 5,425
Less Budgeted Opening Inventory (1,050)
Budgeted Production 4,375