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fredd [130]
3 years ago
11

Which of the following statements is CORRECT?

Business
1 answer:
lakkis [162]3 years ago
4 0

Answer:

e. If a loan has a nominal annual rate of 8%, then the effective rate will never be less than 8%.

Explanation:

As we know that

EAR = (1 + r ÷ n)^n -1

where,

EAR = Effective annual rate

r = interest rate

n = number of years

By applying the above formula we know that the effective annual rate should always be greater than the normal annual rate

Hence, the correct option is e.

Therefore all other options would be wrong

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Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and
Tamiku [17]

Answer: D. $40,175

Explanation:

The balance in the Capital account reported on the Statement of Owner's Equity will include the Capital contributions of Andrea Apple to the business as well as the Net income from operations also known as Retained Earnings.

The Net Income for the month will be revenue less expenses.

Revenue

$5,700 cash and $2,750 on account for services provided in January.

Revenue is therefore,

= 5,700 + 2,750

= $8,450

Expenses

Expenses include the rent paid of $1,500 and the $275 paid for January Utilities.

= 1,500 + 275

= $1,775

Net Income = Revenue - Expenses

Net Income = 8,450 - 1,775

Net Income = $6,675

The Capital that Mr. Apple brought into the business refers to anything he contributed to the business whether in cash or otherwise.

The Capital therefore is,

- The $13,500 cash and the $20,000 worth of equipment.

The Capital Mr. Apple brought into the business is therefore,

= 13,500 + 20,000

= $33,500

The balance on the capital account will therefore be,

= Capital + Net Income

= 33,500 + 6,675

= $40,175

Option D. is correct.

3 0
2 years ago
Given the following information, calculate the savings ratio:
inessss [21]

Answer:

$21.71%

Explanation:

Given that

Monthly saving = $760

Gross income = $3500

The computation of the savings ratio is shown below:-

Savings Ratio = (Monthly savings ÷ Gross Income) × 100

= ($760 ÷ $3,500) × 100

= $0.21 × 100

= $21.71%

Therefore for computing the saving ratio we simply divide gross profit by monthly saving and after a result we multiply by 100.

3 0
3 years ago
A research __________ is any material that can be used to locate information about a given topic.
bija089 [108]
A research source or a research literature could specify to any material wherein it can be used to gather and locate information from a given subject or topic. In addition, the information gathered from these sources must be properly cited and paraphrased so as to avoid plagiarism.
7 0
3 years ago
Read 2 more answers
Quaker introduced its "quaker oats to go" bar and marketed it as a healthy and convenient breakfast choice. quaker marketing mes
Doss [256]
<span>quaker marketing message is designed to help the consumer to :
- Recognize a problem (which is that people often do not have enough time to make their own breakfast before go to work)
and
- </span><span>acknowledge breakfast as important and make it a priority in their busy day (and make customers aware that they need to consume something nutritious to be able to function properly at their job)</span>
8 0
2 years ago
You are an employee in Inside Sales. This means you take calls and address customer issues like entering orders, updating orders
Archy [21]

Answer: Structured; Operational control

Explanation:

Structured task could be defined as tasks that are well defined, also larger tasks are broken down to smaller ones so as to be easily carried out at a manageable rate. They are also plans drafted by employees to carry out a task in a way where time and resources are managed very well.

Operational control decision means they are decision carried out during operations, like recording a day to day inventory of tasks that are carrued out by an individual.

6 0
3 years ago
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