Answer:
29.5%
Explanation:
Effective interest rate is the actual interest rate that a investor receives on invesment or a borrower pays on loan including the compounding effect.
APR = (80 - 75) / 75 = 0.067 = 6.67%
Effective interest rate = ( 1 + APR )^n - 1
Effective interest rate = ( 1 + 6.67% )^4 - 1
Effective interest rate = ( 1.0667 )^4 - 1
Effective interest rate = 1.2947 - 1
Effective interest rate = 0.2947
Effective interest rate = 29.5%
If the driver were to get into a crash or accident that was not their fault
Answer:
income-generating assets under the current account of the balance of payment.
Explanation:
In international trade to balance of payments between countries looks at inflow and outflow of funds as a result of trade.
When there is balance of trade deficit the country imports from others. When there is balance of payment surplus the country exports to others.
The fund movement is recorded in various accounts. These are current account, capital account, and financial account.
The current account is used to record funds recieved from goods, services, income, and current transfers.
The receipt of dividends and interest from abroad as a result of ownership of foreign assets by a country's residents is recorded as
income-generating assets under the current account of the balance of payment.
Answer:
Explanation:
The following information can be gotten from the question:
Net realizable value (NRV) will be:
= $125,000 - $10,500
= $114,500
Normal profit will be:
= $114,500 - (30% × $125,000)
= $114,500 - $37,500
= $77,000
The amount should Garcel report as inventory on its balance sheet should be $77,000.
Answer:
The answer is stockholders' equity is overstated
Explanation:
When inventories are overstated it reduces the cost of sales because the excess inventory in accounting records means the ending inventory will be higher and cost of sales will be lower.
When ending inventory is overstated, total assets and retained earnings will be overstated. And when retained earnings is overstated, stockholders' equity is also overstated because retained earnings is a line item under stockholders' equity.
