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Karolina [17]
3 years ago
5

First national bank charges 11.5 percent compounded monthly on its business loans. first united bank charges 11.7 percent compou

nded semiannually. calculate the ear for each bank. (do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places,
e.g., 32.16.) ear first national bank % first united bank % as a potential borrower, which bank would you go to for a new loan?
Business
1 answer:
stich3 [128]3 years ago
5 0

APR=11.5% compounded monthly
EAR=(1+0.115/12)^12-1=0.121259=12.13%
EAR=12.13%

APR=11.7% compounded semi-annually
EAR=(1+0.117/2)^2-1=0.12042225=12.04%
EAR=12.04%
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Read 2 more answers
In the past, Taylor Industries has used a fixed−time period inventory system that involved taking a complete inventory count of
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Answer:

a) Taylor Industries can successfully cut back its labor cost in inventory stockrooms by counting only high-value items.  These items are determined by reference to their Annual Usage values.  The items' annual usage values should be used as the activity cost pool for accumulating and allocating labor cost in inventory stockrooms.  Taylor Industries can establish a benchmark or cutoff point so that only the items meeting this benchmark are counted.  For example, the items with annual usage value above $5,000 should be included in the items to be counted.  This strategy will reduce the number of items to be counted and therefore the labor cost.

b) Since item 15 is critical to Taylor Industries' continued operations, it should be classified as a direct materials cost and not an overhead cost.

Explanation:

a) Data and Calculations:

a random sample of 20 of Taylor's items:

ITEM NUMBER   ANNUAL USAGE    ITEM NUMBER    ANNUAL USAGE

1                               $ 1,500                      11                       $ 13,000

2                               12,000                     12                              600

3                                2,200                      13                        42,000

4                              50,000                     14                           9,900

5                                9,600                     15                            1,200

6                                   750                      16                         10,200

7                                2,000                      17                          4,000

8                               11,000                      18                         61,000

9                                  800                       19                         3,500

10                            15,000                      20                        2,900

Average annual usage value = $12,657.50

4 0
3 years ago
All of these factors affect supply EXCEPT:
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Answer:

it is b

Explanation:

because a net worth of a company will mot affect

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Frost Enterprises buys a warehouse for $ 510,000 to use for its East Coast distribution operations. On the date of the​ purchase
12345 [234]

Answer:

$510,000.00

Explanation:

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That is why it is $510000.

6 0
3 years ago
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