Answer:
Follows are the solution to the question:
Explanation:
m = 4,
EAR =
The successful quarter cumulative rate of interest = 8.24 \%
In Method 2 use Tool in Texas:
By Using the (ICONV) worksheet:
1)
To pick the worksheet, click ICONV 2.
2)
Its previous meaning will represent the NOM.
3)
To clear the worksheet, click [CLR WORK] 2nd
Continue as below.
Displayed keystrokes:
NOM = previous value 2nd ICONV:
NOM = 0.00 2nd CLRWORK:
8 DAYS: Name = 8.00.
EFF: DownArrow = 0.00
DownArrow: C / Y = meaning previous
4)
DOS: C / Y = 5.00 p.m.
EFF: DownArrow = 0.00
CPT: FRP = 8.24
Answer:
$48,880
Explanation:
beginning principal $50,000
installment payment $5,120
effective interest rate 8%
since you first pay interest and then principal, we must calculate the amount of interest paid = $50,000 x 8% = $4,000
now we subtract the interest paid from the total payment = $5,120 - $4,000 = $1,120
so the principal was reduced by $1,120, that means that the new balance = $50,000 - $1,120 = $48,880
Answer:
False
Explanation:
Whenever, there will be reduced production costs, due to any reason in the economy, then the goods will be cheaper and accordingly the sale will be in abundance assuming other factors remain constant.
Thus, due to subsidies the cost to producers will be less and then exporters will not be able to get more share as domestic goods will cost cheaper.
Thus, there will not be any gain to foreign competitors in our domestic markets, as they will not get any share extra rather they will loose as a foreign competitor. In fact goods which are exported will also cost low, and therefore, will gain new customers.
Therefore, above stated statement is false.
Answer:
b. $288,000
Explanation:
Data provided
Beginning retained earning = $256,000
Net income = $44,000
Dividend = $12,000
The computation of retained earnings balance is shown below:-
Retained earnings balance = Beginning retained earning + Net income - Dividend
= $256,000 + $44,000 - $12,000
= $288,000
Therefore for computing the retained earning balance we simply applied the above formula.
It is the Asia-Pacific Economic Cooperation Agreement. It is a gathering for 21 Pacific Rim part economies that advance unhindered commerce all through the Asia-Pacific locale. It was built up in 1989 in light of the developing association of Asia-Pacific economies and the coming of provincial exchange alliances in different parts of the world.