Answer: 12.47%
Explanation:
First convert the APR to the relevant periodic rate.
The compounding is done daily so the periodic rate is:
= 11.75%/365
Effective Annual rate is calculated by the formula:
= ( 1 + periodic rate) ^ compounding period per year - 1
= ( 1 + 11.75%/365)³⁶⁵ - 1
= 12.47%
In the world share market investors could sell their shares.
Answer:
$6,111 unfavorable variance
Explanation:
The budgeted sales price can be determined by dividing budgeted sales of $97,000 by the budgeted sales volume of 1,940 kits i.e $50 ($97,000/1940)
However,2037 volleyball kits were sold for $47 each instead of the planned $50 per kit.
sales price variance=(actual sales volume*actual sales price)*(budgeted sales price*actual sales volume)
actual sales volume is 2037
actual sales price is $47
budgeted sales price is $50
sales price variance=($47*2037)-($50*2037)=$-6111
Answer:
you should have 2 apple trees
Explanation:
<u>you can have</u> <u>savings</u> <u>costs</u> <u>net payoff</u>
no tree at all 0 0 0
1 apple tree $130 $100 $30
1 orange tree $90 $70 $20
1 pear tree $145 $120 $25
<u>2 apple trees $260 $200 $60</u>
2 orange trees $180 $140 $40
2 pear trees $290 $240 $50
1 apple + 1 pear tree $275 $220 $55
1 apple + 1 orange tree $220 $170 $50
1 orange + 1 pear tree $235 $190 $45
