The effective interest rate is greater by 0.72 percentage points as compared to the nominal interest rates.
Computation:
Given,
Nominal Interest rate =11.85%
compounding period = weekly, that is 52.
The formula of the effective interest rate will be used:
Now, the difference of the effective interest rate and nominal interest rate will be determined to know the exceeding percentage:
Therefore, option a. 0.72 percentage points is correct.
To know more about the effective interest rates, refer to the link:
brainly.com/question/14270693
Answer: 5.35 years
Explanation:
This question requires the use of the Number of periods utility on Excel called NPER.
Rate will be 12%
Pmt will be -3600
Pv will be -12000
Fv will be 47000
Then click okay.
<em>It would take approximately 5.35 years.</em>
Answer:
Consider the following analysis.
Explanation:
The manager's assumption is that the employee work only for their own benefits and they need immediate punishment for poor work, intermediation, and minute-level supervision. This proves that he uses Theory X.
The upper management, on the other hand, is trying to initiate consultation with the employees before bringing out any improvement plan in the business process. This type of management style implicitly assumes that the employees are motivated and self-directed. This is Theory Y.
So, the first option should be correct.
Equity theory is something not contextual here. Equity theory works on the reduction of perceived inequality in the input and output of the employees as a means of motivation.
Hi there
Worth of merchandise after purchase returns
4,000−275=3,725
Worth of merchandise after cash discount
3,725+3,725×0.02=3,799.5
Add the transportation cost to the cost of merchandise to get total amount paid for this merchandise
3,799.5+350=4,149.5
Good luck!
Answer:
They could hold local tournaments, and also sponsor a tennis team or donate tennis rackets to a school to promote playing of tennis.
Explanation:
Prince sports sales will increase when there is a growth in the tennis industry, and to help grow the industry there needs to be a marketing activity that will encourage tennis right from schools.
The young generation will eventually influence tennis in the future. So marketing activities should btarget them by holding local tournaments, and also sponsor a tennis team or donate tennis rackets to a school to promote playing of tennis.