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laiz [17]
3 years ago
9

If the effective annual rate of interest is known to be 16.08% on a debt that has quarterly payments, what is the annual percent

age rate?
Business
1 answer:
vladimir1956 [14]3 years ago
8 0

Answer:

15.19%

Explanation:

According to the given situation, the computation of the annual percentage rate is shown below:-

Annual percentage rate = (1 + APR ÷ n^n) -1)

Now we will put the values into the above formula to reach the annual percentage rate

= ((1.1608) × 0.25 - 1) × 4

= 0.1519

or

= 15.19%

Therefore for computing the annual percentage rate we simply applied the above formula.

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Who is demonstrating entrepreneurship? for bca in high school
ollegr [7]
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4 0
3 years ago
What is a product item?
Vsevolod [243]

Answer:

Explanation:

A product item is a specific version of a product that can be designated as a distinct offering among an organization's products. A product line is a group of closely related products offered by an organization.

5 0
3 years ago
On February 1, 2014, Nelson Corporation purchased a parcel of land as a factory site for $280,000. An old building on the proper
seropon [69]

Answer:

Land = $295,000

Building = $1,375,000

Explanation:

The computation of cost of the land and new building is shown below:-

Land = Parcel of land + Demolition of old building + Legal fees for title investigation and purchase contract - Salvaged materials resulting from demolition were sold

= $280,000 + $20,000 + $5,000 - $10,000

= $305,000 - $10,000

= $295,000

Building = Architect's fees + Construction costs

= $35,000 + $1,340,000

= $1,375,000

We simply applied the above formulas

7 0
3 years ago
Required information Kevan, Jerry, and Dave formed Albee LLC. Jerry and Dave each contributed $245,000 in cash. Kevan contribute
steposvetlana [31]

Answer: A: $0.None of the members recognize gain because their debt relief was not in excess of their bases in their LLC interest prior to any debt relief.

B: $55,000

C: $285,000

D: $625,000 Albee, LLC takes a $135,000 carryover basis in the assets Kevan contributes and a $490,000 basis in the total cash the other two members contributed.

Explanation: check attached file

3 0
3 years ago
Barga Co.'s net sales for Year 1 and Year 2 are $663,000 and $744,000, respectively. Its year-end balances of accounts receivabl
MrRa [10]

Answer:

Year 1 = 35.23 days

Year 2 = 44.64 days

Explanation:

Days' Sales Uncollected = Accounts receivable / Net Sales * Days

Year 1 = $64,000 / $663,000 * 365 days = 35.23 days

Year 2= $91,000 / $744,000 * 365 days = 44.64 days

4 0
3 years ago
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