___________ is the characteristic of work concerned with the degree of freedom, independence and discretion an employee has in s
2 answers:
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Answer:
The cash payments expected for Finch Company in the month of May is $185,600
Thus, the option a is correct.
Explanation:
For computing the cash payment for may month. The following things should be recognized which is explained below:
1. Manufacturing expense : In manufacturing expense, is incurred for particular month and rest
is for following moth.
That means, $195200 × 3÷4 = $146,400 and $156,800 × 1 ÷ 4 = 39,200
So, the total would be $146,400 + 39,200 = $185,600
2. As insurance expenses would not be considered because the information is not given.
3. As property tax is paid in November, so it would not be taken for may month.
Therefore, The cash payments expected for Finch Company in the month of May is $185,600
Thus, the option a is correct.
Wyatt's<u> effective interest rate</u> would be greater than his <u>nominal interest rate </u>by 0. 71 percentage points.
The <em>nominal interest rate</em> is 13. 62% or 0.1362 that would be given an <em>effective rate of interest </em>as follows:
Here, the value of the effective rate of interest<u>,</u> that is 0.1433 that would be multiplied with 100 to get the <u>percentage value</u> of 14.33%
Hence, the <u>difference between effective and nominal interest rates</u> would be:
Learn more about the effective and nominal rates of interest here: