Answer:
For Loan A = 3.170%
For Loan B = 3.174%
Loan B has a higher effective annual rate.
Explanation:
The computation of effective annual rates for the loans is shown below:-
For Loan A
We will assume effective annual rate is a
Stated rate(r) = 3.125% compounded monthly
= Number of periods in an year n = 12
So,
(1 + a) = (1 + r ÷ n) × n
= a = (1+0.03125 ÷ 12) × 12 - 1
= 0.03170
or
= 3.170%
For Loan B
We will assume the effective annual rate is b
Stated rate (r) = 3.15% compounded semi annually
= Number of periods in an year n = 2
So
(1 + a) = (1 + r ÷ n) × n
= a = (1 + 0.0315 ÷ 2) × 2 - 1
= 0.03174
or
= 3.174%
From the above calculation we can see that Loan B, is greater than Loan A and has a higher effective annual rate.
Answer:
Utility expense is excess debited in accounting record by $ 180 and credted to cash by $ 180, So the journal entry to adjust the bank reconcilation would be
Cash debit $ 180, utilities credit by $ 180
Answer:
correct answer is Oligopoly
Explanation:
this is an example of Oligopoly
because of Oligopoly
it is a market structure with many small companies and no company keep others by the significant influence
so as the company is characterized by some seller and if one company will increase the price and other company also follow suit
it is an example of Oligopoly
so correct answer is Oligopoly
I had to look for the options and here is my answer:
The result of the economic growth in the South Asian boundaries has come about mostly on NEOLIBERAL REFORMS or NEOLIBERALISM. This is also known as the market-oriented type of reform. Hope this helps.
Answer:
consolidated income statemnt interest expense: 14,500
net long-term debt consolidaded: 232,500
Explanation:
Jay thinks the long-term debt carries a discount.
Which makes the fair value 20,000 less, thus increasing hte interest expense.
amortization on discount: 20,000 / 8 = 2,500
interest expense in the consolidated statement:
12,000 + 2,500 = 14,500
adjusted balance ofthe discount: 20,00 - 2,500 = 17,500
long term debt: 250,000
discount on debt<u> 17,500 </u>
net 232,500