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3 years ago

Assume the $19,500 Treasury bill, 4% for 15 weeks. Calculate the effective rate of interest.

1 answer:

6 0

The effective interest rate is calculated through the equation,
ieff = (1 + i/r)^r - 1
where ieff is the effective interest, i is the nominal interest, and r is the number of 15 weeks in a year. Every year, there are 52 weeks. Thus, there are 3.467 15-weeks approximately. Substituting this into the equation,
ieff = (1 + 0.04/3.467)^3.467 - 1
ieff = 0.04057
ieff = 4.057%

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dmitriy555 [2]

I think it’s C but I’m not quite sure about that

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2 years ago

The ending balance of accounts receivable was $74,000. Sales, adjusted to a cash basis using the direct method on the statement

denpristay [2]

Answer:

The beginning balance in accounts receivable was: $47,500

Explanation:

Sales reported on the income statement were $385,500, Accounts receivable increased of $385,500 during the period.

Sales, adjusted to a cash basis using the direct method on the statement of cash flows, were $359,000. The company collected $359,000 from the sales. Accounts receivable decreased of $359,000 during the period.

The beginning balance in accounts receivable = The ending balance of accounts receivable + Accounts receivable decreased during the period - Accounts receivable increased during the period = $74,000 + $359,000 - $385,500 = $47,500

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3 years ago

WalCo is a manufacturing company. Assume the estimated inventories on January 1, 2020, for finished goods, work in process, and

ASHA 777 [7]

Answer:

Cost of goods sold=$955000

Explanation:

we know that to calculate cost of goods sold we have to first finds cost of goods manufactured and to calculate cost of goods manufactured we will need total manufacturing cost.

Step#01: Total manufacturing cost=?

Total manufacturing cost= raw material used+direct labour+ factory overhead

Raw material used=?

Raw material (open)= 72000

Add: Raw material purchase=<u>467000</u>

539000

less: Raw material (ending)= (<u>93000</u>)

Raw material used 446000

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Step#2: Cost of goods manufactured (COGM)=?

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COGM= 1021000+63000-84000=1000,000

Step#3: Cost of goods sold (COGS)=?

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3 years ago

What do you call collections of stocks and bonds that are traded on securities exchanges but themselves are traded more like ind

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The correct answer is an exchange-traded fund (ETF)

<h3>What are exchange-traded funds?</h3>

ETFs, or "Exchange Traded Funds," as the name implies, are funds that trade in exchange-traded funds and typically track a particular index. Investing in ETFs gives you a bundle of assets that you can buy and sell during market hours. It has the potential to reduce risk and exposure while helping to diversify the portfolio.

ETFs have several advantages over traditional open-ended funds. The four main benefits are transaction flexibility, portfolio diversification and risk management, low cost, and tax benefits.

Learn more about securities exchanges here

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2 years ago

When Nintendo sets a relatively low price on game units to stimulate more demand for its game cartridges, it is using

torisob [31]

Answer:

Letter A is correct.<em> Complementary product pricing.</em>

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Organizations use the strategy of adopting a complementary product pricing to increase the total profit of a product group.

This strategy is used when the company sells products that are complementary, ie the use of one is complemented by the use of the other, so the company substantially decreases the price of a product, usually just to cover costs, and guarantees gains from a product with a high price and very high profit margin.

The benefits added to the complementary price of a product are market gain, competitors' entry barriers and retention and attraction of new consumers.

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3 years ago