Answer:
The effective annual rate is 5.57%
Explanation:
The interest rate that is actually earned or paid on investment or loan including the compounding effect over a given period of time. It is also known as rate.
Effective interest rate = [ ( 1 + r/m )^m ] - 1
Effective interest rate = [ ( 1 + 5.42%/12 )^12 ] - 1
Effective interest rate = [ ( 1 + 0.0542/12 )^12 ] - 1
Effective interest rate = 0.055567 x 100
Effective interest rate = 5.5667% = 5.57%
Answer:
E) It would not necessarily be considered high elsewhere.
Explanation:
The US inflation rate during 1979 was 11.26%, during 1980 it was 13.55%, and during 1981 it was 10.33%. These numbers may seem very high for American standards, but they aren't really high once you compare them to other nation's inflation rate.
For example, if we look at what is happening in two South American countries right now; Currently Venezuela is facing a hyperinflation measured by millions, and Argentina's current inflation rate is around 60%.
Back in the 1980s, hyperinflation rates were much more common. Argentina, Bolivia, Brazil, Mexico, Peru and Nicaragua, all suffered from hyperinflation (inflation rates in the 1,000s).
The US dollar is considered a very stable currency, that is why an inflation rate of around 10% was considered extremely high for American standards, but not so high compared to the rest of the world.
Common law is the answer hope this helps!
Answer:
The conditions under which each funding method for paying for IT system expenses would be recommended are:
Allocation method is preferred to other methods when actual usage cannot be captured but, some other cost drivers can be used as the allocation bases.
Chargeback method works better than others when actual usage by each unit can be accurately captured.
Explanation:
The Allocation Funding Method charges IT costs to individuals, departments, or business units based on revenues, number of employees, and other cost drivers and not based on usage. It is often used when actual usage cannot be recorded.
The chargeback method charges IT costs to individuals, departments, or business units based on their actual usage of the IT services. With wide variation in IT usage, business units need to be charged their actual costs consumed.
The corporate budget method allocates IT cost based on a periodic predetermined rate. It is used where unit managers need to be given control over their budgets, enabling them to search for cost-saving technologies.
Answer:
The correct answer is (c)
Explanation:
A controlling account is an adjustment account for which a subsidiary ledger is generally created. It helps to further track the transactions in detail. A controlling account is an account in the general ledger that is entitled as accounts receivable. This account includes a separate account for every single customer who makes a credit purchase.
