<em><u>Loan L</u></em> would be best for Craig that has a nominal rate of 8.254% that is compounded daily a sit gives an<u> effective rate of interest</u> as 117.95.
The formula for <u>computing compounded rate</u> of interest is given as follows:
The effective rate of interest for loan L as per the above formula would be:
The effective rate for loan M would be:
The effective rate for loan N would be:
The effective rate for loan O would be:
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Answer:
The correct answer is letter "E": innovation.
Explanation:
The innovation strategy refers to the efforts companies make to solve a problem or improve the quality of living of consumers by introducing new products or services. Firms achieve this by implementing technology in the organization and qualified employees who are prone to innovation.
Explanation:
A strategic plan for a restaurant should involve decisions regarding advertising and how customers view the restaurant from the outside. Your advertising strategy should address your customers in a way that is geared toward your primary demographic.
The amount of accrued depreciation to the dwelling equals to $63,250.
<h3>What is an
accrued depreciation?</h3>
This refers to the loss in value from reproduction or replacement cost new due to all causes except depletion as of the date of appraisal.
Cost of land = $555,500 - $120,000
Cost of land = $435,500
Accrued depreciation = Cost of dwelling - Cost of land
Accrued depreciation = 498,750 - 435,500
Accrued depreciation = $63,250
Therefore, the amount of accrued depreciation to the dwelling equals to $63,250.
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When a manufacturing company uses direct materials, it assigns the cost by debiting Work-in-Process Inventory.
<u>Option: B</u>
<u>Explanation:</u>
The nearly completed products of a business that await fulfillment and subsequent selling or the valuation of those commodities is understood as a work-in-process inventory. These products are either produced in a line or in a buffer stock, or are pending for any further handling. The concept is employed in controlling the manufacturing and distribution chain. Optimum quality control is aimed at reducing system activity. Function in system requires storage space, reflects attached capital that is not accessible for investment and brings an inherent risk of previous expiry of the goods' shelf life.