Answer:
183.00%
449.15%
Explanation:
The computation of annual percentage rate and the effective annual rate shown below:
Annual percentage rate is
= Interest rate per month × Total Number of months in a year
= 15.25% × 12 months
= 183.00%
The effective annual rate is
= (1 + nominal interest rate ÷ periods)^ number of period - 1
= (1 + 15.25% ÷ 12)^12 - 1
= 449.15%
The answer is False because they didn't plan functions as a local law..this is my opinion.
Answer:
$115,000
Explanation:
Data provided as per the question is below:-
Beginning balance = $81,000
Direct material issued = $27,000
Direct labor incurred = $7,000
The computation balance Process Inventory is shown below:-
Balance in the Work-in-Process Inventory = Beginning balance + Direct material issued + Direct labor incurred
= $81,000 + $27,000 + $7,000
= $115,000