Answer:
The appropriate response is "12.47%".
Explanation:
The given values are:
Borrowed amount,
= 152300
APR,
= 11.75%
i.e.,
= 0.1175
Now,
The effective annual rate will be:
=
On substituting the given values, we get
=
=
=
=
Answer:
No economic activity can happen without all three of them. However, different factors will be more or less important to different economic activities. For example, if one is engaged in subsistence farming, land is more important than the other factors. Labor and capital are important, but land is irreplaceable
Answer:
a decrease in interest and increase in output
Explanation:
a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output
Answer:
$230,000
Explanation:
The calculation of treasury stock account balance is shown below:-
Treasury stock account balance on December 31, 2021 balance sheet = Number of shares in treasury stock × Cost per share
= (46,000 - 23,000) × ($460,000 ÷ 46,000)
= 23,000 × $10
= $230,000
Therefore for computing the treasury stock account balance we simply applied the above formula.