By multiplying the two-week interest rate (0.052) by the number of interest periods in the year (in this case, 52/2, or 26), one can determine the yearly interest rate. The result of multiplying 26 by 0.052 is 1.352, or an annual interest rate of 135.2%.
<h3>What is annual interest?</h3>
The term "annual interest rate" refers to the interest rate that is imposed year-round. Among other time periods, interest rates may be imposed on a monthly, quarterly, or biennial basis. However, interest rates are typically annualized.
For instance, the effective yearly interest rate for a loan with a stated interest rate of 30% and monthly compounding would be 34.48%. Banks often promote the 30% advertised interest rate rather than the 34.48% effective interest rate.
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Answer:
$230,400
Explanation:
The computation of the ending retained earning balance is shown below:
The ending balance of retained earning = Opening balance of retained earnings + net income - net loss - cash dividend paid
= $294000 - $27,600 - $36,000
= $230,400
We simply deduct the net income and the dividend from the beginning balance of retained earning so that the correct balance could come.
Answer:
The correct answer is letter "C": critical evaluation.
Explanation:
Critical evaluations are useful to identify weaknesses and strengths in a company. Managers in charge of this task increase the firm's chances to maximize their resources and reduce risk damage. Based on the information collected, several steps are taken towards reaching the organization's objectives or adjusting the firm's plan with the same purpose.
Answer: federal fund rate
Explanation:
Federal funds rate is simply defined as the interest rate which banks and credit unions which are also.refeeed to as depository institutions lend the balance that they've in their reserves balances to other depository institutions. It should be noted that no collateral is collected in this case.
The reserve balance is the fund which the central bank in a country makes compulsory for the commercial banks to have in order to maintain their reserve requirement. In this case, the banks thatt have surplus balances lend the balances to others that need the extra balance to make up theirs or need larger balances.
Federal fund rate is the rate of interest on which one bank gives short term or overnight loan to other banks.
here B of N will give the interest to Helper Bank as per the Federal Fund rate