1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sidana [21]
3 years ago
7

Which of the following statements is(are) true:

Business
1 answer:
Rudiy273 years ago
5 0

Answer:

Neither I nor II are correct

Explanation:

I. The nominal interest rate is also referred to as the APR or the stated rate.

This statement is not true because nominal interest rate is different from the annual percentage rate (APR).

A nominal interest rate is basically the interest rate is charged by banks or other financial institutions on a loan, and other expenses on the loan are not added to the interest when interest rate is being determined.

On the other hand, APR is nominal interest rate plus other expenses incurred in other to get the loan.

Therefore, nominal interest rate is usually lower than the APR. This makes them to be different.

II. You should use the nominal interest rate to compare two alternative investments/loans with different compounding periods.

This statement is not correct.

The interest rate is used to to compare two alternative investments/loans with different compounding periods is the effective interest rate.

The effective interest rate is the actual amount of interest rate that a lender or an investor earned on his loan, investment because of compounding that is done during a specific period of time. The effective annual interest rate is the interest rate that is employed to compare different investment products because, unlike other interest rate, compounded interest are estimated differently by it.

Therefore, Neither I nor II are correct.

I wish you the best.

You might be interested in
A matrix team for an aerospace company may consist of a project manager, a finance expert, a marketing specialist, a member of p
Ksenya-84 [330]
The answer to this question is true
7 0
3 years ago
Warren Porter compares the costs and benefits of current industry testing practices. Which of the following statements does he i
Triss [41]
B increase development cost for new chemical products
5 0
3 years ago
What is stock? Explain in your own words.
Roman55 [17]

Answer:Definition: What are stocks? Stocks are securities that represent an ownership share in a company. For companies, issuing stock is a way to raise money to grow and invest in their business. ... When you own stock in a company, you are called a shareholder because you share in the company's profits.

Explanation:

4 0
2 years ago
Which of the following statements is(are) true? I. Many firm experience a life cycle characterized by non-constant growth. II. F
Genrish500 [490]

Answer: both I and II are TRUE

Explanation:

Many firm experience a life cycle characterized by non-constant growth. And For non-constant growth firms, stock price is not equal to the present value of all future dividend payments.

7 0
3 years ago
Read 2 more answers
Jim was a mechanic. One day when he attempted to weld a car's gasoline tank, it exploded and he was hurt. He filed to collect wo
Vadim26 [7]

Jim can recover even if he was negligent and violated the employer's rules.

Option D is correct.

<u>Explanation: </u>

Employee compensation is a system that is publicly sponsored and pays financial benefits to employees who are injured during their work. The coverage of the employee is an insurance form that provides compensation for accidents or handicaps suffered by its employees.

The workers ' compensation act guaranteed that all employees injured at work received daily insurance and paid for hospital costs. By return, disabled workers earned the right to sue their bosses and supervisors for wrongdoing and earned the right to claim damages for pain and misery.

The payment for employees is basically a scheme of no consequence if the wounded employee is not at issue with the negligence of its own responsibility or the misconduct of his or her boss or friends, but only for his or her labor-related injuries is included in the injured workplace.

5 0
3 years ago
Other questions:
  • Winston Industries had sales of $843,800 and costs of $609,900. The firm paid $38,200 in interest and $18,000 in dividends. It a
    11·1 answer
  • Samz Off-Road Rage is a motorcycle shop that caters to off-road sports. The store carries top brand off-road motorcycles, and pa
    9·1 answer
  • Hal Gore won a $2.1 million prize for special contributions to environmental research. This prize is awarded for public achievem
    13·1 answer
  • 1. __________ is the act of declaring a drivers license void and terminated when it is determined that the license was issued th
    7·1 answer
  • Motorcycle Manufacturers, Inc. projected sales of 54,000 machines for the year. The estimated January 1 inventory is 6,520 units
    5·1 answer
  • The inventories of Berry Company for the years 2016 and 2017 are as follows: Cost Market January 1, 2016 $10,000 $10,000 Decembe
    6·1 answer
  • New customers may be turned over to account servicing salespeople referred to as
    13·1 answer
  • Your company has net sales revenue of $50 million during the year. At the beginning of the year, fixed assets are $22 million. A
    12·1 answer
  • . Sam Rothstein wants to borrow $15,500 to be repaid in quarterly installments over five years at 16% compounded quarterly. How
    5·1 answer
  • Any unamortized premium is reported on the balance sheet
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!