For simplicity, we will assume 52 weeks in a year (instead of 365 days).
The rate of interest per week actually charged is
Effective Annual Rate (
EAR) is obtained by <em>compounding</em> the weekly rate for one year (52 weeks)
=
4454629.97%note: most calculators may not display this value with sufficient accuracy.
The corresponding
APR is obtained by <em>multiplying</em> the weekly rate by 52
=1188.57%
You'll earn $761.90 in the acct of the $4,000
And you'll earn $333.33 on the acct of the2,000
So, yes the first one is the answer
Answer:
The minimum number of employees that must be allowed to participate in Alpha Corporation’s defined benefit plan is 40. This is based on the 40% rule explained below.
Explanation:
A traditional form of a defined benefit plan is the final salary plan, under which the pension paid is equal to the number of years worked, multiplied by the member's salary at retirement, multiplied by a factor known as the accrual rate. The final accrued amount is available as a monthly pension or a lump sum.
It is usually offered to all employees who are at least 21 years of age and who worked at least 1,000 hours for the employer in a previous year. Two years of service may be required for participation as long as the employee will be 100 percent vested immediately when he or she enters the plan.
Minimum Participation in a Defined Benefit Plan is 40% of qualifying employees. Since Alpha Corporation has 100 full time non union employees, at least 40 of them must be allowed to participate in the company's defined benefit plan.
Answer:
Groundcover, Inc.
Journal Entry to record the reissuance of 400 shares on April 8, 2016 would include (using the cost method):
Apr. 8 Debit Cash $3,200
Credit Treasury Stock $3,200
To record the reissuance of 400 shares at $8 a share.
Explanation:
a) Data and Analysis:
Apr. 1 Treasury Stock $10,000 Cash $10,000
Apr. 8 Cash $3,200 Treasury Stock $3,200
May 2 Cash $6,500 Treasury Stock $6,500
b) There are two methods for recording Treasury Stock transactions. One is the cost method. This method ignores the par value and the difference between the par value and the cost. It uses the cost to record the repurchase and resale of treasury shares. The second method is the par value method. This method differentiates the par value and cost for both repurchase and resale of treasury stock shares. The differences are recorded in the Additional Paid-in Capital account so that only the par values are recorded in the Treasury account.
Answer:
a. help organize the roles, responsibilities and accountabilities for risk management and risk mitigation.
Explanation:
Domain connects remote users to the organization network. It helps host to define the access to specific user. Domain holds all the critical information and data in the system. It defines the roles and responsibilities for risk mitigation.
