Answer:
Effective annual interest rate=0.52%
Explanation:
Step 1: Express the formula for calculating interest
The formula for calculating interest can be expressed as;
I=PRT
where;
P=principal amount borrowed
R=annual interest rate as a percentage
T=number of years
Step 2: Determine the value of the variables P, R and T
In our case;
I=$10
P=(125-10)=$115
R=unknown=r
T=2 months=2/12=1/6 years
replacing in the expression;
10=115×r×(2/12)
10=(230/12)r
r=10×12/230=0.5217
0.5217 rounded off to the nearest 2 decimal places is:
r=0.52%
Effective annual interest rate=0.52%
Answer:
The correct answer is option A) Statement of Concepts
Explanation:
The Financial Accounting and Standard Board (FASB) pronouncements intended to establish the objectives and concepts that the FASB will use in developing standards of financial accounting and reporting is Statement of Concepts.
Statement of Concepts is intended to serve the general interest of the public by setting the objectives, characteristics, specific qualities, and other parameters that guide selection of economic concepts that will be recognized and reflected in financial statements for financial reporting.
Statement of concepts guide the FASB in developing well researched and informed accounting principles that reflects the contents and inherent limitations that will be used in developing standards of financial accounting and reporting.
Answer:
A
Explanation:
For an accounting manual, if your audience has different background of education then you need to keep different section for different audience. The thing is, if you write it for highest level then bookkeepers will have difficulty in understanding it. If you write for lower level, then it will be useless for higher level of audience.
So the manual should include different section for different audience.
Answer:
The three main pillar of sustainability
Explanation:
Sustainability is fulfilling the present needs without compromising the needs of the future generation.
The three main pillars of sustainability include economic, environmental and social.
Economic pillar of sustainability - it is referred to that strategy that focuses is to use economic resources in a sustainable.
Environmental pillar of sustainable - it is focused on the use of such thing that lower the impact of facilities on the environment
Social Pillar of sustainable - is work on training programs to fulfill the needs of individuals according to the group.
Answer: 90%
Explanation:
Cycle Service Level refers to the expected probability by which a manufacturer meets the demand for a particular product and is not being stockout.
In this case,
40% of the days, 80 are sold;
50% of the days, 90 are sold
10% of the days; 100 are sold.
Since the vendor plans to stock 90 each day, then the vendor will meet demand during 40% of the days, when 80 are sold; and during 50% of the days, when 90 are sold.
Therefore, the expected CSL is the vendor targeting will be:
= 40% + 50%
= 90%
