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.
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Answer:
3 Sales people
Explanation:
The calculation of total cost per shift is shown below:-
1st sales 2nd sales 3rd sales 4th sales
person person person person
Average Waiting
Time 10 minutes 6 minutes 3 minutes 2 minutes
Total waiting
Cost $720 $432 $216 $144
(72 × $1 × 10) (72 × $1 × 6) (72 × $1 × 3) (72 × $1 × 2)
Add: Total labor
Cost 80 $160 $240 $320
($80 × 1) ($80 × 2) ($80 × 3) ($80 × 4)
Total cost $800 $592 $456 $464
Thus, 3 servers have the lowest cost, so that the overall cost per change with 3 Sales people is chosen.
Answer: $235,844
Explanation:
Interest revenue = Total lease payments - Fair value of equipment
The lease payments are constant and so are an annuity and will be an annuity due because the first lease payment of such leases are made immediately.
Present value of lease payments = Annuity * Present value factor of Annuity due, 5 years, 12%
989,065 = Annuity * 4.0373
Annuity = 989,065 / 4.0373
= $244,981.79
Total lease payments = Lease payments * number of years
= 244,981.79 * 5
= $1,224,908.95
Interest revenue = 1,224,908.95 - 989,065
= $235,843.95
= $235,844
The answer is intragroup conflict
I hope that helped