Answer:
D : 2.17%.
Explanation:
The 26% is an APR(Annual Percentage Rate). This is a quoted rate that a credit card company charges . It is also known as the nominal rate.
Since the question is asking for a monthly rate, use the 26% and convert it into monthly rate. We have 12 months in a year; meaning, we will divide the nominal rate by 12;
Monthly rate = APR / n
APR = 26% or 0.26 as a decimal
n = compounding periods = 12
therefore, Monthly rate = 26% /12 = 2.17%
This is True.
Being an entrepreneur means starting a business venture by placing a new product on the market and then profiting from it.<span />
Answer:
value of this company's inventory at the lower of cost or market is $6,900
Explanation:
given data
selling price = $30 per unit
selling price fall = $25 per unit
current inventory consists = 300 units
purchased = $26 per unit
Replacement cost fall = $23 per unit
solution
As we know Under Cost or Market Price here lower price is Net realizable value is
lower price is Net realizable value = $23
so that value of company's inventory at the lower of cost will be
value of company's inventory = lower price is Net realizable value × Units in the inventory .....................1
put here value and we get
value of company's inventory = $23 × 300
value of company's inventory = $6,900
