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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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Firms using the __________ approach during the decline stage of the product life cycle will gradually reduce marketing expenditu
In-s [12.5K]
<span>Firms using the Harvesting approach during the decline stage of the product life cycle will gradually reduce marketing expenditures and use a less resource-intensive marketing mix.
In business, harvesting approach is a practice to exploit as much profit as possible from a certain company's product before it pulled out from the market. Usually being done because the firms want to replace the product with a newer one.</span>
6 0
3 years ago
Experts say that the choice between a typed thank-you letter or handwritten thank-you letter is unimportant, as long as you send
qwelly [4]

Answer:

Handwritten

Explanation:

Personal Touch - A handwritten thank you letter gives the kind of personal touch expected by the recipients.

Emotional Sensitivity - In the situation where people have suffered a loss and in very personal situations when people expect an emotional connection from the writer.

However, the writing must be legible and beautiful t be well appreciated otherwise a typed thank-you letter will be preferred.  

6 0
3 years ago
Suzette is receiving $10,000 today, $15,000 one year from today, and $25,000 four years from today. She will immediately invest
vfiekz [6]

Answer:

$641,547.38

Explanation:

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years  

We are to determine the future value of these cash flows. But to determine the future value, we need to determine the present value of the cash flows.

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

To find the PV using a financial calculator:

Cash flow in year 0 =  $10,000  

Cash flow in year 1 =  $15,000

Cash flow in year 2 = 0

Cash flow in year 3 = 0

Cash flow in year 4 = $25,000

I = 9.6

PV = 41,012.11

FV : 41,012.11(1.096)^30 = $641,547.38

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

6 0
2 years ago
Tunnel Incorporated provided the following information regarding its single​ product: Direct materials used $ 250 comma 000 Dire
Paha777 [63]

Answer:

increase of $283,058

Explanation:

Consider the incremental Costs and Revenues arising from accepting a special order.

The company has excess capacity therefore, the current fixed overheads would be irrelevant (will have been incurred whether or not the special order is accepted. Also fixed expenses are irrelevant since regular sales will not be affected by this special order.

Sales (9,500× 52)                                                                                  494,000

Direct materials (250,000/43,000×9,500)                                           (55,233)

Direct labor (470,000/43,000×9,500)                                                 (103,837)

Variable manufacturing overhead (120,000/43,000×9,500)               (26,512)

Variable selling and administrative (65,000/43,000×9,500)               (14,360)

Additional fixed manufacturing overhead costs                                    (11,000)

Net Income                                                                                             283,058

Therefore an increase of $283,058 would be expected  from accepting a special order.

8 0
3 years ago
Cad Cream Inc, an ice cream company, has collaborated with Bite Snack Inc, a food manufacturing company, to come up with a third
tangare [24]

Answer:

A) Joint Venture

Explanation:

Based on the scenario being described within the question it can be said that in this context, Cream Bite Inc. is a Joint Venture. This is a business term that refers to an arrangement between two parties in which both combine their resources in order to meet an agreed upon goal in a more efficient manner and in a much smaller time-frame than if they were to do it separately.

5 0
3 years ago
Read 2 more answers
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