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.
Answer:
(B) The master budget includes operating budgets (e.g., production budget) and financial budgets (e.g., cash budget).
Explanation:
The master budget is a business approach which includes all the financial budget as well as the expected incoem statement adn balance sheet.
To do so, it wll need to prepare:
- the production budget (using sales budget)
- the purchase budget (using production)
- collection budget (using sales)
- cash budget (using all of the previous budget)
- And then combine all this data to create an income statement and balance sheet for the period.
Answer:
Explanation:
The preparation of ta static budget report for the second quarter is shown below:
CROIX COMPANY
Sales Budget Report
For the Quarter Ended June 30, 2017
Second Quarter Year to date
Product Line Budget Actual Difference Budget Actual Difference
New Guitar $383,500 $387,400 $3,900 $700,200 $690,500 $9,700
Favorable Unfavorable
The year to date balances are computed below:
For Budget:
= $383,500 + $316,700
= $700,200
For Actual:
= $387,400 + $690,500
= 690,500
Answer: (q2 - q1).
Explanation:
A free market is an economic system whereby production of goods and services are being regulated by demand and supply forces. In this economic system, it should be noted that there's little or no intervention from the government.
If a free market were allowed in the transplanted kidney market, then the equilibrium price would be p2. The number of kidneys transplanted would increase by (Q2-Q1) compared to the number transplanted at a price ceiling of p= $0.
277777.777778 is the answer
