Writing a check on an account with insufficient funds is allowed under certain conditions.

Anne Lockwood, manager of Oaks Mall Jewelry, wants to sell on credit, giving customers 3 months to pay. However, Anne will have

Alja [10]

Answer:

15.18%

Explanation:

Calculation for the nominal annual rate

First step is to find EFF% using this formula

EFF%=[1+(Nominal rate percentage/Numbers of months in a year )]^Numbers of months in a year

Let plug in the formula

EFF%=[1+(15%/12)^12

EFF%=(1+0.0125)^12

EFF%=(1.0125)^12

EFF%=1.1608×100%

EFF%=116.08%

Second step is to find Rnom compounding quarterly of 116.08% using this formula

Rnom compounding quarterly = (1+(R/4)^4

Let plug in the formula

Rnom compounding quarterly= (116.08%)^(1/4) Rnom compounding quarterly= 1+ R/4

Hence,

Rnom compounding quarterly = 15.18%

Therefore Anne Lockwood should quote her customers with Rnom compounding quarterly of 15.18%

6 0

3 years ago

Changes in variables, such as income, cost of living, interest rates, and savings and borrowing patterns most likely reflect cha

trasher [3.6K]

The correct answer is Economic.

Types of environment for a company include:

The economic environment
The Demographic environment
The Political environment
The Cultural environment

The economic environment of a company includes factors like Income, cost of living, interest rates, and savings & borrowing

The Demographic environment of a company includes factors like Age, race, and gender.

The Political environment of a company includes factors like Government, legislation, and regulations.

The Cultural environment of a company includes factors like Lifestyle, customs, traditions etc.

Hence, Changes in variables, such as income, cost of living, interest rates, and savings & borrowing patterns most likely reflect changes in the economic environment of a company.

Learn more about interest rates:

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8 0

2 years ago

On December 31, 2019, the unadjusted credit balance of the Allowance for Overvaluation of Inventories: Hope Branch ledger accoun

Zigmanuir [339]

Answer:

Journal entries

Date Particulars Debit Credit

31, Dec 19 Investment in Branch Office $132,000

To Inventories $110,000

To Allowance for Overvaluation of $20,000

Inventories

31, Dec 19 Profit and loss $18,400

To Investment in Branch Office $18,400

31, Dec 19 Allowance for Overvaluation $10,000

of Inventories

To Realized Gross Profit: Branch Sales $10,000

Workings

1. Unrealized Inter-company Inventory Profit = (132,000/120) * 20 = $22,000

Shipment to Branch = 132,000 - 22,000 = $110,000

2. Unrealized Inter-company Inventory Profit = (60,000/120) * 2 = $10,000

5 0

3 years ago

Anything that an organization offers to satisfy consumer needs and wants, goods, and services is_______________.

o-na [289]

Anything that an organization offers to satisfy consumer needs and wants, goods, and services are Products.

Consumer needs drive a person to seek out and pay for a good or service that meets their wants. The necessity is what motivates the purchase decision. Sales will increase when a company becomes more adept at identifying these demands and providing goods and services that address them.

The physiological need for survival as well as sentiments of security, belonging, esteem, and self-actualization are examples of consumer needs. When choosing a product or service, consumers should consider pricing, functionality, convenience, correct information, transparency, easy communication, and other aspects. An entrepreneur or small business must take into account four primary customer needs. These include cost, the standard of living, selection, and ease.

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7 0

2 years ago

Economies of scale:

gregori [183]

Answer:

are achieved when a firm reduces its average cost of production as it produces more.

Explanation:

Economies of scale is reduction in the average cost as production increases due to the large size of the firm which makes it more efficient.

It is large firms that enjoy economies of scale.

Economies of scale can be achieved by buying supplies in large quantities. When firms buy in large quantities, they enjoy discounts which reduces their average cost. This is a form of internal economies of scale.

I hope my answer helps you.

5 0

3 years ago