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Stells [14]
3 years ago
12

Find the APR, or stated rate, in each of the following cases (Do not round intermediate calculations and round your final answer

to 2 decimal places. (e.g., 32.16)): Stated Rate (APR) Number of Times Compounded Effective Rate (EAR) % Semiannually 12.2 % Monthly 13.1 Weekly 10.8 Infinite 14.5.
Business
1 answer:
Valentin [98]3 years ago
3 0

Answer:

Stated Rate    No. of Times Compounded     Effective Rate (EAR) %            

   11.85%                    Semiannually                             12.2 %

   12.37%                    Monthly                                      13.1%

   110.27%                    Weekly                                       10.8%

   13.54%                    Infinite                                        14.5%

Explanation:

EAR = ( 1 + ( APR / m )^m)-1

Semiannually

m = 12 / 6 = 2

0.1220 = ( ( 1 + ( APR / 2 ) )^2) - 1

0.1220 + 1 = (1 + ( APR / 2 ) )^2

1.1220 = ( 1 + ( APR / 2 ) )^2

\sqrt{1.1220} = \sqrt{( 1 + ( APR / 2 ))^2}

1.059 = 1 + ( APR / 2 )

1.059 - 1 = APR / 2

0.059 x 2 = APR

APR = 0.1185 = 11.85%

Monthly

m = 12  / 1 = 12

0.1310 = ( ( 1 + ( APR / 12 ) )^12) - 1

0.1310 + 1 = (1 + ( APR / 12 ) )^12

1.1310 = ( 1 + ( APR / 12 ) )^12

APR = 12.37%

Weekly

m = 52

0.1080 = ( ( 1 + ( APR / 52 ) )^52) - 1

0.1080 + 1 = (1 + ( APR / 52 ) )^52

1.1080 = ( 1 + ( APR / 52 ) )^52

APR = 10.27%

Infinite

m = 20,000

0.1450 = ( ( 1 + ( APR / 12 ) )^12) - 1

0.1450 + 1 = (1 + ( APR / 12 ) )^12

1.1450 = ( 1 + ( APR / 20,000 ) )^20,000

APR = 13.54%

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Answer:

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July 5. Purchased merchandise on account from Kester Co., $47,550, terms FOB destination, 2/10, n/30.

Dr Merchandise inventory 46,599

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July 7. Returned merchandise with an invoice amount of $13,500 purchased on July 5 from Kester Co.

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Dr Accounts payable 63,435

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July 21. Received cash on account from sale of July 6 to Parsley Co.

Dr Cash 16,680

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I recorded the transaction this way because on July 31, a payment to MasterCard is recorded. Generally the transaction should have been recorded differently since MasterCard withholds its fee automatically, you do not pay it.

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Dr Accounts receivable 58,996

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Dr Cash 38,610

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    Cr Merchandise inventory 22,180

July 28. Paid Parsley Co. a cash refund of $6,070 for returned merchandise from sale of July 6.  The cost of the returned merchandise was $3,630.

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Two individuals start the same training program at the same time, but one is able to grow muscle faster and larger than the othe
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Answer:

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Explanation:

In this question, we are asked to calculate the best estimate for the firm’s value of equity in millions.

To calculate this, we proceed as follows;

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Firm’s value of equity= [(Total corporate Value - (Notes payable + Long term debt)]

From the question, we identify the total corporate value as 750 million, the notes payable as 100 million and a long term debt of 200 million

Now, plugging these into the equation above, we have ;

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