Answer:
The actual effective annual rate is <u>3.33%</u>.
Explanation:
Effective Annual Rate (EAR) refers to an interest rate has been adjusted for compounding over specified period of time.
Effective annual rate can therefore be described as the interest rate that paid to an investor in a year after compounding has been adjusted for.
Effective annual rate can be computed using the following formula:
EAR = [(1 + (i / n))^n] - 1 .............................(1)
Where;
i = Annual interest rate claimed by the dealer = 3.28%, or 0.0328
n = Number of compounding periods or months = 12
Substituting the values into equation (1), we have:
EAR = [(1 + (0.0328 / 12))^12] - 1 = 0.0332976137123635
EAR = 0.0333, or 3.33% approximately.
Therefore, the actual effective annual rate is <u>3.33%</u>.
Answer:
As a sales manager for GooGooLi Corporation, you have asked your sales analytics team to provide you with a predictive model of the factors that can help you predict the sales for the next quarter. In the report, your sales analytics experts have developed a new regression model that can explain the variation in quarterly sales better than the previous model. You decide to verify this by comparing the results of the new model (that explains sales variation better) with the older model. You expect to see the <u>R-square</u> for new model to be <u>higher</u> than the old model.
Explanation:
As the R square is the coefficient of the variation and it determines the percentage of explained variability of the data. It should be higher as the new model is the best fit to the data.
Answer:
B. in both industry structures, the firm's demand curve is downward sloping.
Explanation:
Both firm types have a downward sloping demand curve which indicates that as price is increased, quantity demanded falls.
Monopolistic competition have no barriers to entry while a monopoly does.
Monopolistic competition have many sellers while a monopoly has one seller.
Monopolistic competition break even in the long run while monopoly maintain super normal profits in the long run
Answer:
Basic EPS=$1.08
Explanation:
Basic EPS= Net income after tax-preferred shares' dividend/Weighted average of outstanding shares
Net income after tax=$360,000*.7=$252,000
Dividend to preference shareholders=20,000*1.8=$36,000
Weighted average shares outstanding=200,000
Basic EPS=($252,000-$36,000)/200,000
Basic EPS=$1.08
Answer:
honesty, responsibility, respect and fairness.
Explanation:
Project management can be defined as a strategic process which typically involves planning, execution and completion of a project at a specific period of time, through the use of knowledge, skills and experience.
In project management, an important factor that plays a significant role in the daily behavior and interaction between all project managers and their client is ethics.
Hence, project Management Institute (PMI) members have determined that honesty, responsibility, respect and fairness are the values that drive ethical conduct for the project management profession.
<em>Generally, all parties such as clients, employees, taxpayers, stakeholders and vendors have rest of mind as a result of the code of ethics (honesty, responsibility, respect and fairness) that are binding on project management professionals</em>.
