Answer:
Following is attached the solution for each part of the question.
I hope it will help you a lot!
Explanation:
Answer:
15.18%
Explanation:
Calculation for the nominal annual rate
First step is to find EFF% using this formula
EFF%=[1+(Nominal rate percentage/Numbers of months in a year )]^Numbers of months in a year
Let plug in the formula
EFF%=[1+(15%/12)^12
EFF%=(1+0.0125)^12
EFF%=(1.0125)^12
EFF%=1.1608×100%
EFF%=116.08%
Second step is to find Rnom compounding quarterly of 116.08% using this formula
Rnom compounding quarterly = (1+(R/4)^4
Let plug in the formula
Rnom compounding quarterly= (116.08%)^(1/4) Rnom compounding quarterly= 1+ R/4
Hence,
Rnom compounding quarterly = 15.18%
Therefore Anne Lockwood should quote her customers with Rnom compounding quarterly of 15.18%
Answer:
Therefore, the Salary that Gander Corporation Pay Patrick during the Period without Negative Tax effects is $15,000.
Explanation:
Calculation of the Salary that Gander Corporation Pay Patrick during the Period:
December 1 through December 31 of the Current Year is One Month, They have to Pay 1/12 of the following year tax:
The salary for the deferral period (December 1 through December 31) must be at least proportionate to the employee’s salary received for the fiscal year.
Gander Corporation must pay the amount to Patrick during the Period December 1 through December 31, to permit the continued use of its fiscal year without negative tax effects is as follows,
$180,000 *1/12 = $15,000
1. Guess that the only correct consequence of making credit card payments late is: <span>fees and paying the default interest rate on the balance. There's a non-fee period which is defined by a bank.
2. The most obvious option is: </span><span>Zach and Zach's parents credit may be damaged. He can forget to make the credit payments in time and the bank can make e decision to less the credit amount.
3. As far as I remember, i</span>f interest rates rise, the prices of bonds will d<span>ecrease. It's the cost of borrowing, so that's why I chose that option.
4. I'd choose this one. </span><span>C. About $6.67. First let's discover your daily periodic rate. We need to do this: 16/365 this will be approximately 0.04%.
And now we can count monthly charge. 500*0.0004*30 = 6 (approximately)</span>
Answer:
Option B
Explanation:
Depreciation refers to an accounting tradition that enables a firm to compose off the worth of an asset throughout an amount of time, generally the beneficial life of the investment.
Assets like equipment and appliances are costly. Instead of recognizing the asset's full cost in the first year one, depreciating the asset helps businesses to distribute the burden and generate income from it.
Thus, depreciation relates to decrease in value of an asset so that expenses can be recorded efficiently and revenue could be computed as per the periods. Therefore, the method of depreciation should be chosen as per its revenue contribution to the entity using it.
