Answer:
First National Bank's EAR is 11.68%
First United Bank's EAR is 11.62%
Explanation:
Effective annual rate=(1+APR/m)^m-1
APR is the annual rates given in the question as 11.1% and 11.3%
m is the number of times in the year that compounding is done, for instance, it is 12 for monthly compounding and 2 for semiannual compounding
First National Bank's EAR=(1+11.1%/12)^12-1=11.68%
First United Bank's EAR=(1+11.3%/2)^2-1=11.62%
The EAR for First National Bank is higher
Answer: $109,080; $145,920
Explanation:
Based on the information that have been provided in the question, the following can be gotten:
The amount for income tax expenses will be:
= 36% of $303,000
= 36/100 × $303,000
= 0.36 × $303,000
= $109,080
The net income will be:
Reported income = $303,000
Less income tax = $109,080
Less loss on discounted operation = $48,000
Net income = $145,920
Loss on discounted operation:
= $75,000 × (1 - 36%)
= $75,000 × (1 - 0.36)
= $75,000 × 0.64
= $48,000
Answer:
D)the second-period demand curve will shift substantially to the right.
Explanation:
If monopolist succeeds in selling a sufficiently high quantity in the first period, then in the second period it will further increase and will shift the demand curve to right hand.
Answer:
Balance of payments (BOP)
Explanation:
The balance of payments is referred to details of the transaction that held between two entities either in the same country or outside the country of a particular time period.
when the transaction was done for another country, there is a deduction of credit from the balance of payment and when transaction was done for the same country then credit is added to the BOP
Answer:
$1,487.5 is the amount of commission (load) Bart must pay
Explanation:
Commision to be paid :
which is equal to
=$35000*4.25%
which is equal to
=$1487.5.
