Answer:
Monthly Interest rate = 0.475%
EAR = 5.85%
Explanation:
a.
APR = 5.7%
Monthly Interest rate = APR / n
Monthly Interest rate = 5.7% / 12
Monthly Interest rate = 0.475%
b.
APR = 5.7%
m = 12
EAR = [ ( 1 + (APR / m))^m] - 1
EAR = [( 1 + (0.057 / 12))^12] - 1
EAR = [( 1 + 0.00475 )^12] - 1
EAR = [( 1.00475 )^12] - 1
EAR = 1.0585 - 1
EAR = 0.0585
EAR = 5.85%
True monthly rate of interest is 0.475%
EAR is 5.85%
Answer:
present value of perpetuity = $29615.93
Explanation:
given data
pay = $300 per year
interest rate = 3%
solution
we get here present value payment after 5 year is
present value = 
...........1
present value = 
present value = $862.60
and
now we get present value on purchase date
present value = 
......2
present value = 
present value = $28753.33
and
present value of perpetuity is
present value of perpetuity = $862.60 + $28753.33
present value of perpetuity = $29615.93
Answer: Generativity vs Stagnation
Explanation:
Eric Eriksson postulated 8 stages of psychosocial development. These stages are;
1. Trust vs mistrust
2. Autonomy vs shame and doubt
3. Initiative vs guilt
4. Industry vs inferiority
5. Identity vs role confusion
6. Intimacy vs isolation
7. Generativity vs. Stagnation
8. Ego Integrity vs. Despair
Generativity vs. Stagnation stage occurs at adulthood 40-65yrs. At this stage, people want to live a legacy by giving back to society. This includes taking time to train their children. This stage is associated with care.
Answer: $430,000
Explanation: The amount of wages and salaries paid to employees involved in the process of production is called direct labor cost. It can be computed as follows :-
Actual total direct labor cost = Standard direct labor cost + unfavorable direct labor rate variance + unfavorable direct labor efficiency variance
= $ 400,000 + $ 20,000 + $ 10,000
= $430,000
