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Evgesh-ka [11]
3 years ago
14

Find the EAR in each of the following cases. (Do not round intermediate calculations and enter your answers as a percent rounded

to 2 decimal places, e.g., 32.16. Use 365 days in a year.)
Stated Rate (APR) Number of Times Compounded Effective Rate (EAR)
9.25 % Quarterly %
16.75 Monthly %
15.25 Daily %
11.25 Semiannually %
Business
1 answer:
inna [77]3 years ago
4 0

EAR = (1 + periodic interest rate)^N - 1

<u>9.25 % Quarterly %</u>

EAR = (1+\frac{0.0925}{4})^{4}  - 1 = 0.09575 or 9.58%

<u>16.75 Monthly % </u>

EAR = (1+\frac{0.1675}{12})^{12}  - 1  = 0.1809766 or 18.10%

<u>15.25 Daily % </u>

EAR = (1+\frac{0.1525}{365})^{365}  - 1  = 0.1647053 or 16.47%

<u>11.25 Semiannually %</u>

EAR = (1+\frac{0.1125}{2})^{2}  - 1  = 0.115664 or 11.57%

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In order to compute for the effective annual rate, the working equation would be [( 1 + i/n)^n] – 1.   The i corresponds to the nominal rate while n is the number of compounding periods per year which in this case is 12. The answer would be 5.116%.  

6 0
3 years ago
Earned net income of $65,000 after deducting depreciation of $8,000 and all other expenses. Current assets decreased by $7,000​,
Drupady [299]

Answer:

Cash provided by operating activities is 89.000

Explanation:

The indirect method involves the adjustment of net income with changes in balance sheet accounts to arrive at the amount of cash generated by operating activities.

It depends on the account if it is added or subtracted to net income. Below you will find the added account with a plus (+) and the subtracted ones with a minus (-)

Notice the amounts of any decreases are in parentheses.

Net income 65.000

Adjustment to reconcile the net income to cash  

+ Depreciation expense 8.000

+ Current assets decrease 7.000

+ Current liabilities increase 9.000

Net cash 89.000

7 0
3 years ago
Schmid Corporation issues​ $450,000, 12%, 5minusyear bonds on January​ 1, 2019 for​ $439,000. Interest is paid semiannually on J
Mamont248 [21]

Answer:

$28,100

Explanation:

The computation of the bond interest expense is shown below:

= (Issued amount × interest rate) + (Issued amount - given amount) ÷ time period

= ($450,000 × 6%) + ($450,000 - $439,000) ÷ 10 years

= $27,000 + $1,100

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In semi annual period, the interest rate is half and the time period is doubles and the same is shown

4 0
3 years ago
The flying of new employees to a three-day training session at Uberversity in San Francisco to learn about the company is part o
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Answer:

e) onboarding

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Onboarding is the process by which new employees are introduced to the companie's culture including operational procedures and training on their job roles.

Onboarding is an important step in making the employee more efficient on the job. It is also called organisational socialising.

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5 0
3 years ago
Journalize the following transactions for Combs Company.
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Answer: See explanation

Explanation:

a. Debit: Raw material $12000

Credit: Account payable $11500

Credit: Material price variance $500

(To record material purchase)

b. Debit: Work in process 11600

Credit: Raw material 11200

Credit: Material price variance 400

(To record material issued)

Note:

Material price variance for (a)= 12000 - 11500 = 500

Work in progress = 5800 × 2 = 11600

Material price variance for (b) = 11600 - 11200 = 400

5 0
3 years ago
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