Answer:
1. 15.40%
2. 3.85%
3. 16.31%
Explanation:
1. Nominal rate = Interest rate
Nominal rate = 15.40%
The Nominal rate of the investment is 15.40%
2. Periodic rate = Nominal rate / Number of time compounded in year
Periodic rate = 15.40 / 4
Periodic rate = 3.85%
The Periodic rate of the investment is 3.85%
3. Effective interest rate = (1 + Nominal Rate)^n - 1
Effective interest rate = (1 + 015.40%/4)4 - 1
Effective interest rate = (1 + 0.1540/4)^4 - 1
Effective interest rate = (1 + 0.0385)^4 - 1
Effective interest rate = 1.0385^4 - 1
Effective interest rate = 1.16312396 - 1
Effective interest rate = 0.16312396
Effective interest rate = 16.31%
The Effective Annual Rate of the investment is 16.31%
Complete question :
Your company has sales of $101,500 this year and cost of goods sold of $66,300. You forecast sales to increase to $118,900 next year. Using the percent of sales method, forecast next year's cost of goods sold. The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career The forecasted cost of goods sold (COGS) is $ ___________ (Round to the nearest dollar.)
Answer:
$77,666
Explanation:
Given the following :
Sales for the year = $101,500
Cost of goods sold =$66,300
Forecasted increase in sales for next year = $118,900
Forecasted cost of goods sold for next year =?
Percentage cost of goods sold for this year:
Cost of goods sold / sales for this year
$66300/$101500
= 0.6532019
Forecasted cost of goods sold for next year:
(Forecasted increase in next year's sale * % cost of goods sold for this year)
= 118,900 * 0.6532019
= $77665.714
= $77666 ( nearest dollar)
Goods and services
Hope I helped
I personally would choose Ice-cream taster, but judging from context you wrote in this specific question. This isnt something with a wrong answer but rather a personal question. I think you should be the one answering this because with the context that I see on what you wrote. This isnt something like an equation, if Im wrong, I mustve missed out on some context or Im not getting something right. Therefore, you should choose what you like on this since it looks like a personal question.
Answer:
d. an offer and an acceptance.
Explanation:
A contract exists where each involved party agrees to fulfill its obligations as per the terms of the agreement. The two or more parties involved are in consensus regarding the subject matter. A contract valid and in force, once the offeror makes the offer, and the offeree accepts it.
Steel and mike are in are contract. Mike has accepted the offer by steel. Other elements that must be present for a contract to be valid are the existence of consideration, mutual obligations, and the ability to fulfill one's responsibility.
