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olga2289 [7]
3 years ago
13

Compute the continuously compounded interest rate for 228 days where the ACT/365 interest rate is 2.92%. Give your answer to fou

r decimal places. Enter 4.1234% as 4.1234
Business
1 answer:
Nikitich [7]3 years ago
3 0

Answer:

The answer is 1.8407.

Explanation:

To calculate interest rate for 228 days we will first calculate daily rate and than put value in compounding rate formula.

Daily interest rate = 2.92%/365 = 0.008 %

Interest rate 228 = (1+I%)^n -1

Interest rate 228 = (1+0.008%)^228-1  = 1.8407%

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How do companies use transactional marketing
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In a recent annual report, Apple Computer reported the following in one of its disclosure notes: "Warranty Expense: The Company
DIA [1.3K]

Answer: b. Matching

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Therefore the warranty expense note exemplifies Apple's use of the matching principle.

8 0
3 years ago
Bali Sales Company experienced the following events:
Amanda [17]

Answer:

Bali Sales Company

Identifying events as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE):

Event Type Assets = Liab. + Equity Rev. - Exp. = Net Inc. Cash Flow Type

1.  AE             + -      = NA    + NA      NA   - NA  = NA           -0A

2. CE             +        = +       +  NA     NA   -  NA =  NA          -OA

3. CE             -         = -       +  NA     NA   -  NA =  NA          +OA

4a. AS           +        =  NA   +  +         +     -  NA =  +              +OA

4b. AU          -         =  NA   +  -         NA   -  +   =  -                -OA

5. CE            -         =  -       +  NA     NA   -  NA =  NA          -OA

6a. AS           +        =  NA   +  +         +     -  NA =  +              +OA

6b. AU          -         =  NA   +  -         NA   -  +   =  -                -OA

7. AU            -         =  NA   +  -         NA   -  -   =   -                -OA

8. AU            -         =  NA   +  -         NA   -  -   =   -                -OA

9. AE            +-       =  NA    + NA     NA   - NA  = NA            -OA

10. AU            -       =  NA   +  -         NA   -  -   =   -                -OA

Explanation:

All the events are classified under operating activities for the cash flow type.  There are no investing activities (IA) nor financing activities (FA) in any of the events listed.  The workings above show the accounting equation in operation as it affects elements of the financial statements.

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A technological improvement in producing good A would cause: a. a movement upward and to the right along the supply curve for A.
sveticcg [70]

Answer:

The correct answer is letter "B": a shift to the right of the supply curve for A.

Explanation:

According to the supply law, when the quantity supplied of a good increase, so will the price for that good. This will also cause that the supply curve shifts to the right. Then, technological improvements are likely to boost production which implies manufacturing more products, thus, increasing supply.

So, <em>the introduction of technologies in the production of good A will shift the supply curve of A rightwards.</em>

5 0
3 years ago
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