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qaws [65]
1 year ago
11

round house furniture offers credit to its customers at a rate of 1.15 percent per month. what is the effective annual rate of t

his credit offer? group of answer choices 14.13 percent 15.04 percent 13.80 percent 16.39 percent 14.71 percent
Business
1 answer:
bija089 [108]1 year ago
8 0

If round house furniture offers credit to its customers at a rate of 1.15 percent per month. The effective annual rate of this credit offer is: 14.71 percent.

<h3> Effective annual rate </h3>

Given data:

Rate per month = 1.14 percent

Number of months in a year = 12 months

Now let determine or find the  effective annual rate using this formula

Effective annual rate  =(1 + rate)^ n -1

Let plug in the formula

Effective annual rate  = (1 + .0115)^12- 1

Effective annual rate  = (1 .0115)^12- 1

Effective annual rate  = 1.14707 -1

Effective annual rate  = .1471 × 100

Effective annual rate  = 14.71 %

Therefore we can conclude that the annual rate is 14.71 percent.

Learn more about Effective annual rate here: brainly.com/question/15728540

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Companies such​ asIBM, Walmart, and Google now look beyond economic gain​ and, in their marketing​ strategies, they also conside
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Answer:

E. Societal Marketing Concept

Explanation:

According to Wikipedia, the societal marketing is a marketing concept that holds that a company should make marketing decisions not only by considering consumers' wants, the company's requirements, but also society's long-term interests.

This follows for companies like IBM, Walmart, Google and the likes now looking beyond economic gain in their marketing strategy. Many ways in which these companies achieve this is through various campaigns, charity events or programs on the societal issues they are trying to place attention on.

In summary, Societal marketing takes into consideration society's long term interest.

6 0
3 years ago
Matthew currently has $2,000 in his checking account and $10,000 in a savings account. He owns a home worth $120,000 and he owes
Zigmanuir [339]

Answer:

164754

Explanation:

Assets are resources controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity (AAA).

Based on the data given, assets is computed as follows;

Cash (checking account) 2000

Cash (savings account) 10000

Home 120000

Investments 12789

Car 19965

TOTAL ASSETS 164754

Mortgage is recorded separated by the home and is treated as liability

Loan & Auto loan are also liabilities of Matthew

Credit cards balances are only his indication of capacity to buy which is if that happens said transaction would result into an obligation of Matthew to pay or simply his liability

5 0
3 years ago
Approximately what is the expected dollar rate of return on euro deposits if today's exchange rate is $1.18 per euro, next year'
noname [10]

Answer:

Dollar rate of return = 15.5%

Explanation:

<em>The expected dollar rate would be the dollar equivalent of the future value of the Euro deposit converted at the exchange rate applicable in a years tim</em>e .

The following steps would suffice

<em>Step 1: Future value of 1 Euro</em>

Future value of 1 Euro at 5% p.a = 1.05 Euro

<em>Step 2: Dollar equivalent of the Euro future value</em>

The Dollar equivalent of 1.05 Euro = 1.05× 1.10=1.155

<em>Step 3: The Dollar rate of return</em>

Dollar rate of return = Future value of deposit($)/initial deposit - 1

                                = (1.155/1) - 1 × 100

                               = 15.5%

Dollar rate of return = 15.5%

4 0
3 years ago
The primary purpose of the Uniform Electronic Transaction Act (UETA) is to remove barriers to by giving the same legal effect to
lorasvet [3.4K]

Answer:

True.

Explanation:

Yes, this is true that the primary objective of the Uniform Electronic Transaction Act (UETA) is to eliminate the barriers to e-commerce by providing the same legal impacts to electronic records and signatures as is currently provided to paper documents and signatures, but following are the condition which must be fulfilled :

Unique to the signer

Fitted of being verified

Under the signer’s sole authority

Linked to the record in a way that it can be arranged if anything in the document was changed after the signature was stamped

Designed by a reliable means for the object in which the signature was applied.

6 0
4 years ago
Gell Corporation manufactures computers. Assume that Gell​:
kkurt [141]

Answer:

$83,000

Explanation:

The computation of the actual manufacturing overhead cost is shown below:

= Indirect labor + depreciation on plant + machinery repair + plant supplies + plant utilities

= $11,000 + $48,000 + $11,000 + $6,000 + $7,000

= $83,000

Only these five items would be considered as a actual manufacturing cost. The rest of the items would be ignored

5 0
3 years ago
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