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vodomira [7]
3 years ago
15

The rate of interest agreed upon contractually charged by a lender or promised by a borrower is the​ ________ interest rate. A.

effective B. continuous C. discounted D. nominal
Business
1 answer:
finlep [7]3 years ago
3 0

Answer: The correct answer is d) NOMINAL

Explanation: Nominal interest rate is the interest rate before inflation is taken into account. Nominal interest rate can also be used to the advertised or stated interest rate on a loan, without taking into account any fees or compounding of interest.

It is the contractual interest rate charged by a lender or promised by the borrower.

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The Tulip Mania in Holland went to a economic collapse in the value of Tulip bulbs in 1637. Stating this, even though, it didn't affect the Dutch economy at the time, since the Dutch Republic was the leading economy in the 17th century. Stating this, if Holland was did not possess financial stability, the following potential problems might occur:

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Brankovich Company uses a job-order costing system and has the following data available: Beginning Direct Materials Inventory $2
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Answer:

$84,000

Explanation:

Open a Raw Materials T - Account and find the Ending inventory of Direct Materials as a Balancing Figure as follows :

Raw Materials T - Account

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Beginning Inventory                                $26,000

Purchases                                               $148,000

Total                                                         $174,000

Credit:

Requisitioned in Manufacturing             $90,000

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Total                                                        $174,000

Therefore,  the cost of the ending inventory of Direct Materials is $84,000

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2 years ago
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