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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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Keith and Dena Diem have personal property coverage with a​ $250 limit on​ currency, a​ $1,000 limit on​ jewelry, and a​ $2,500
netineya [11]

Answer:

Total Claim = $2416

Explanation:

The coverage on the currency = $250

The coverage on the jewelry = $1000

The limit on the gold, pewter, and silver = $2500

The amount that is stolen:

The amount of cash = $270

The worth of jewelry = $1734

Pewterware = $1666

The miximum coverage = 250 + 1000 + 2500 = $3750

Actual loss = 270 + 1734 + 1666 = $3670

Reimbursement amount = 250 + 1000 + 1666 = $2916

Total Claim = Total Amount Covered – Deductible  

Total Claim = $2916 - $500 = $2416

4 0
3 years ago
Other things equal, if the prices of a firm's variable inputs were to fall: one could not predict how unit costs of production w
Paha777 [63]

The correct option is C) marginal cost, average variable cost, and the average total cost would all fall.

It is correct because if the variable cost falls, it will show its effect on marginal, average variable, and average total costs and eventually these costs will fall. The variable cost is included in the calculation of marginal and total costs. And the average variable cost is derived from total variable cost.

Variable Inputs:

The variable inputs are used in performing the production function. Variable means that can change easily, so, in production, variable inputs fluctuate according to the requirement. Variable inputs include labor, raw material, and other inputs.

Reason for incorrect answers:

Option a) is incorrect because the firm can estimate the per-unit cost after reducing input prices.

Option b) is incorrect because the average fixed does not include variable cost, so it will not fall if the variable cost gets reduced.

Option d) is incorrect because the marginal cost will change according to the change in total cost. And the total cost will fall if the variable cost falls.

Learn more about Marginal cost  :

brainly.com/question/3200587

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8 0
1 year ago
Waupaca Company establishes a $350 petty cash fund on September 9. On September 30, the fund shows $104 in cash along with recei
mariarad [96]

Answer: Please see explanation for answers

Explanation:

Journal to record establishment of fund

Date                  Account titles and explanation            Debit     Credit

Sept 9                    Petty cash                                          $350

                              To Cash                                                                  $350

Journal to record the reimbursement of petty cash fund

Date                  Account titles and explanation            Debit     Credit

September 30    printing expenses                                 $40

                        Postage expense                                     $123

Miscellaneous expenses                                                 $80

Cash shortage - not accounted for                                   $3

                           To Cash                                                                      $246

Journal to show the increment of fund to $400

Date                  Account titles and explanation            Debit       Credit

October 1        Petty cash                                               $50              

                        To Cash                                                                       $50

Calculation : ($400 - $350)=$50

7 0
2 years ago
If you deposit $100.00 into a savings account EACH month, how much
andrezito [222]

Answer:

100×12=1200

1200×6%=72

1200+72=1272

5 0
1 year ago
Cash received through the sale of long-term investments would be reported in the statement of cash flows as a a.Cash inflow in t
avanturin [10]

Answer:

b.Cash inflow in the investing activities section.

Explanation:

The cash flow statement shows the cash used or provided by the various activities of an entity during a given period. These activities are categorized into operating, investing and financing activities.

Non current asset sale and purchases are accounted for in the investing section of the cash flow statement as an inflow and an outflow of cash respectively.

Hence, Cash received through the sale of long-term investments would be reported as Cash inflow in the investing activities section.

4 0
3 years ago
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