Answer:
b) $1,950,000
Explanation:
Value of gift cards redeemed with those whose date of redemption has passed, will both have the amount to revenue out of $2,000,000 of the gift cards sold.
Total gift card revenue to be recognized in 2016 = $1,800,000 + $150,000
Total gift card revenue to be recognized in 2016 = $1,950,000
Answer:
The rate of return is 21.26%
Explanation:
Before calculating the return in percentage terms, it would be more appropriate to start with computing the return on the mutual fund in dollars ' terms.
Return in dollars terms;
Net Asset Value on 31 December 2019 $19.47
less
Net Asset Value on 1 January 2019 ($17.50)
return on NAV $1.97
Add:
Income distributions $0.75
Capital gains distributions $1.00
Total return on mutual fund $3.72
Rate of return=total return mutual fund/Opening net asset value
rate of return =$3.72/$17.50
=21.26%
The effective interest rate is greater by 0.72 percentage points as compared to the nominal interest rates.
Computation:
Given,
Nominal Interest rate =11.85%
compounding period = weekly, that is 52.
The formula of the effective interest rate will be used:
Now, the difference of the effective interest rate and nominal interest rate will be determined to know the exceeding percentage:
Therefore, option a. 0.72 percentage points is correct.
To know more about the effective interest rates, refer to the link:
brainly.com/question/14270693
Answer: The correct answer is "drivers who value speed and convenice more than hose in the stop and go lanes and are willing to pay additional express pass fees for the option of avoiding traffic jams".
Explanation: In this example, the drivers who purchase these express passes are probably: <u>those who value speed and comfort more than others, and are willing to pay an additional price for the option to avoid traffic jams.</u>
In this example there are 2 types of drivers, those who do not mind wasting time, and take longer in slow lanes with traffic jams in order to pay nothing additional, and on the other hand those drivers who prefer, that is, give it a higher value , at the speed and go fast without traffic jams wherever they want, regardless of whether they have to pay an additional price.
