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saul85 [17]
3 years ago
6

How to find periodic interest rate

Business
1 answer:
zvonat [6]3 years ago
5 0

Answer:

Explanation:A periodic interest rate is a rate charged on a loan or rate realised on an investment over a stated period of time.

Interest rates are usually stated on an annual basis but compounds more frequently than annually in most cases.

Periodic Interest rate is calculated as the annual interest rate divided by the number of compounding periods.

A very good example of a periodic interest rate is interest on mortgage. The mortgage loan is payable over a long period of time say 20 years and the interest rates is compounded monthly to enable the lender pay on a monthly basis.

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Define the meaning of a gross salary​
Liono4ka [1.6K]

Answer:

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Explanation:

To calculate an employee's gross pay, start by identifying the amount owed each pay period. Hourly employees multiply the total hours worked by the hourly rate plus overtime and premiums dispersed. Salary employees divide the annual salary by the number of pay periods each year. This number is the gross pay

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3 years ago
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Many economists discourage restrictions on​ trade, emphasizing the costs associated with tariffs and quotas. ​ However, the U.S.
Taya2010 [7]

Answer:

E. The costs of trade restrictions per consumer are small.

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Trade restrictions are usually bad but, companies that compite with the foreing goods they have incentivize to keep a hard regultion if that is what prevent the access from other markets.

The United States is one of the most open countries in the word acording to the market freedom index. Also, as the quota are on average below 5% the few restrictions to free trade do not report a great lost in the tincome of the american family therefore, their cost is low.

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In your own words, what are the strengths and
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Windsor, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The follo
Norma-Jean [14]

Answer:

April 1

Dr Petty cash $268

Cr Cash $268

April 10

Dr Freight-in (Or Inventory) $76

Dr Supplies expense $41

Dr Dr Postage expense $49

Dr Accounts Receivable/Loan to employees $33

Dr Miscellaneous expense $52

Cr Cash over and short $9

Cr Cash $260

April 20

Dr Petty cash $116

Cr Cash $116

Explanation:

Preparation of the journal entries to record transactions related to petty cash for the month of April.

April 1

Dr Petty cash $268

Cr Cash $268

April 10

Dr Freight-in (Or Inventory) $76

Dr Supplies expense $41

Dr Dr Postage expense $49

Dr Accounts Receivable/Loan to employees $33

Dr Miscellaneous expense $52

Cr Cash over and short $9

($260-$76-$41-$49-$33-$52)

Cr Cash $260

($268-$8)

April 20

Dr Petty cash $116

Cr Cash $116

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3 years ago
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