Answer:
$400 .Since inventory is valued at cost or market value(current replacement cost) whichever is lower .
Therefore value of inventory : $400*8=$3200
Explanation:
Answer:
I think ot is fruit punch
Answer:
<u>2.53%</u>
Explanation:
We need to understand what effective annual rate is to solve this question.
Effective Annual Rate is the actual interest earned on an investment due to effect of compounding.
The formula is:
Effective Annual Rate = 
Where
i is the interest rate given (nominal interest rate)
n is the number of compounding per year
For the old bank,
5% is the interest rate, so i = 5% = 5/100 = 0.05
n is the number of compounding per year, that will be n = 12 since compounding monthly
So, we have:
Effective Annual Rate 
For second bank, we have:
i = what we need to find
n = 2 (since semi annual compounding, every 6 months)
So,
Effective Annual Rate = 
This should be equal to APR from 1st bank (0.05)
So, we solve for i:

So, the interest would have to be
0.0253 * 100 = <u>2.53%</u>
Answer: Mortgage interest is a loan.
Explanation:
Answer:
₱ 16,300.054
Explanation:
The formula for calculating simple interest is as below.
I= p x r x t
In this case, p= 14,800, r = 4.35% and t is 2 years and 4 months
the interest rate is in years; we need to convert two years and four months to years.
=4 months = 4/12 of one year = 0.33
2 years 4 months = 2.33 year
I= 14,800 x 4.35/100 x 2.33
I= 14,800 x 0.0435 x 2.33
I=1,500.054
the amount in the bank will be principal plus interest
=14,800 + 1500
=16,300.054