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Aleksandr [31]
3 years ago
10

Master Card and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly statements. If the

APR is stated to be 24.50%, with interest paid monthly, what is the card's EFF%?
Business
1 answer:
larisa86 [58]3 years ago
6 0

Answer:

The EFF of card is 27.45%.

Explanation:

EFF interest rate is an interest rate which is actually paid or received on debt or investment. It is also known as Effective Interest rate.

APR = 24.50%

EFF = ( ( 1 + r/m )^m ) - 1

EFF = ( ( 1 + 0.245/12 )^12 ) - 1

EFF = ( ( 1 + 0.020417 )^12 ) - 1

EFF = ( ( 1.020417 )^12 ) - 1

EFF =  1.27447765 - 1

EFF = 0.2745

EFF = 27.45%

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Equivalent Units of Materials Cost The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inven
belka [17]

Answer:

The total equivalent units for direct materials for October is  4,200

Explanation:

The Concept of Equivalent Units measures the number of units completed in terms of input element introduced in the process.

The Equivalent Units are Calculated on the units ending that is on  the Units Completed and Units of Closing Work in Process

Note that materials are added at the beginning of the process

<u>Units Completed</u>

Are 100% complete in terms of Raw Materials

Equivalent units = 3900 × 100 % = 3900

<u>Units of Closing Work in Process</u>

Are 100% complete in terms of Raw Materials

Equivalent units = 30 × 100 % = 300

Total Equivalent Units = 3900+300 =  4,200

6 0
3 years ago
Adrian Corp. sells goods on account for $100,000 on May 1. On May 15, the customer returns $40,000 of the merchandise. The custo
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Answer:

C. DEBIT TO SALES RETURNS

D. CREDIT TO ACCOUNTS RECEIVABLE

Explanation:

The journal entry to record the May 15 transaction is shown below:

Sales return and allowance A/c Dr $40,000

                     To Accounts receivable $40,000

(Being sales return is recorded)

For recording the given transaction we debited the sales return and credited the account receivable. Both are recorded for $40,000

5 0
2 years ago
Mathematical climate models include many variables, but there is 1 variable that causes the largest difference in the temperatur
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emission of greenhouse gases

Greenhouse gases are naturally present in the atmosphere in order to keep the earth warmer by trapping some of the sun's rays on earth. Greenhouse gases include water vapor, carbon dioxide, methane, nitrous oxide, ozone, chlorofluorocarbons, and hydrofluorocarbons. 

Human activities contribute to the emission of greenhouse gases in the atmosphere through fossil fuel use, industrial processes, and intensive livestock farming, among others. Emission of large amounts of greenhouse gases can increase their natural levels in the atmosphere, possibly resulting to global warming. 
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The researchers solicited customers of dealerships located in diverse markets, selling a variety of brands, and operating as bot
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The word that comes in the blank space is; "sample".
<span>These customers represent the sample used in the study.</span>
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3 years ago
When using hootsuite's bulk scheduling feature, all messages must be scheduled at least _________ ahead of when you plan to impo
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When using hootsuite's bulk scheduling feature, all messages must be scheduled at least <u>"10 minutes"</u> ahead of when you plan to import the csv file into hootsuite.



To start scheduling messages in mass, first explore to the 'Publisher' segment, click BULK MESSAGE UPLOAD and download the example .csv document you'll load up with your posts.  

It's critical to take note of that the best projects to utilize when working with this document are Google Docs, Text Edit and Textwrangler - Excel spreadsheets may not perceive a few characters.  

Once the .csv record is open, start including your information.  

In the main section, input the date in MONTH, DAY, YEAR or DAY, MONTH, YEAR arrange, trailed when you need the message to be distributed.  

The time code must end with either a ZERO or a FIVE, and all messages must be planned no less than 10 minutes in front of when you intend to import the .csv record into Hootsuite.

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