Answer:
First National Bank = 14.6%
First United Bank.= = 14.8%
Explanation:
<em>Effective annual rate is the equivalent annual rate o where interest rate is compounded at an interval shorter than a year.</em>
It can be calculated as follows:
EAR = ( (1+r)^(n) -1) × 100
r -interest rate per period
n- number of period
EAR - Effective annual rate
First National Bank
r - interest rate per month = 13.7%/12 = 1.141%
number of period = 12 months
EAR =( (1+011141)^(12) - 1) × 100
= 0.145938395 × 100
= 14.59
= 14.6%
First United Bank.
r- interest rate per quarter - 14%/4 = 3.5% per quarter
n- number of quarters = 4
EAR = ((1+0.035)^(4)- 1) × 100
= 0.147523001 × 100
= 14.8%
Answer:
$4,000
Explanation:
The computation of amount of Virginia's casualty loss is shown below:-
If property is personal property or is not absolutely destroyed, then the amount of loss of casualty is the lower of:
1. The adjusted asset base, or
2. Reducing the fair market value of the property as a result of the incident
But loss of casualty, should be decreased by any salvage value by any insurance or even other reimbursement that you obtain or consider.
Basis = $14,000
Decrease in fair market value = $10,000
Lower of above = $10,000
From insurance company the Reimbursement is = 6000
So, the Loss of Casualty = $10,000 - $6,000
= $4,000
Structural unemployment can be caused by all of the following except fluctuations in the business cycle.
<h3>
What is Structural unemployment ?</h3>
Structural unemployment is long-lasting unemployment that comes about due to shifts in an economy.
Structural unemployment is caused by a mismatch of skills between the unemployed and available jobs. Structural unemployed is caused by changes in the economy, such as deindustrialization, which leaves some unemployed workers unable to find work in new industries with different skill requirements.
This type of unemployment happens because though jobs are available, there's a mismatch between what companies need and what available workers offer.
For example, employees who produce a specialty clothing product that suddenly is no longer a trend might lose their position producing this specific product, causing structural unemployment.
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The following which is not an example of the threat of entry that Lena faces in her local baked goods market is one of the six bakeries that offer cookies in the city may decide to cease cookie production in order to focus on cakes which is therefore denoted as option B.
<h3>What is Production?</h3>
This is defined as the process in which resources which are in the form of raw materials are transformed into finished products in the form of goods and services through various processes.
For a new company there are different factors which affects its entry into the new market and examples include the number of competitors who produce the same type of goods and services.
One of the six bakeries that offer cookies in the city deciding to cease cookie production in order to focus on cakes is not a threat of the entry because the competitor has reduced which will make it easier to enter the market.
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Answer:
Explanation:
Direct Labour cost = Time doing the job x Wage
Budgeted Direct labor cost = 3.2 hours per unit x $28.00
Budgeted Direct labor cost = 89.6 per unit
Product WZ per unit cost 89.6
