Answer:
14.76%
8.37%
8.99%
13.89%
Explanation:
the formula for finding APR is - periodic interest rate x number of times compounded
Periodic interest rate = (EAR + 1 ) ^1/m - 1
(0.153 + 1)^1/2 - 1 = 0.0738 = 7.38
APR = 2 x 7.38% = 14.76%
(0.087 + 1)^1/12 - 1 = 0.006976
APR = 0.006976 X 12 = 0.0837 = 8.37%
(0.094 + 1 ) 1/52 - 1 = 0.001729
0.001729 x 52 = 0.0899 = 8.99%
(0.149 + 1)^1/365 - 1 = 0.000381
0.000381 x 365 = 0.138918 = 13.89%
the answer is B.
Why
When you are taking from someone else's words you need to put the sentence/paragraph in (parenthesis). Or it will be considered plagiarism, and also cite your work that you have in the parentheses.
Answer:
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Answer:
b) credit to Rent Expense for $1530
Explanation:
Date Accounts and Explanation Debit Credit
Income Summary $5,550
Salaries & Wages Expense $2,900
Rent Expense $1,530
Advertising Expense $740
Supplies Expense $270
Insurance Expense $110
(To Close the expense accounts)
Answer:
5,409 books
Explanation:
to calculate break even point in units we can use the following formula:
break even point in units = total fixed costs / contribution margin per unit
- total fixed costs = $53,000
- contribution margin per unit = sales price - variable costs = $12 - $2.20 = $9.80
break even point in units = $53,000 / $9,80 = 5,408.16 ≈ 5,409 books
in $, that would equal = 5,409 books x $12 per book = $64,908