Answer:
the effective rate is higher
Explanation:
the formula used to calculate effective rate is: effective rate = (1 + r/n)ⁿ - 1
for example, he stated rate is 6%:
- if it is compounded annually, the effective rate is 6%
- if it is compounded semiannually, the effective rate = (1 + 6%/2)² - 1 = 6.09%
- if it is compounded quarterly, the effective rate = (1 + 6%/4)⁴ - 1 = 6.14%
- and so on
Answer:
d. shareholder voting rights
Explanation:
Cumulative is characteristic of preferred stock, in that dividend not paid in a year is carried forward and to be paid in the future.
When the preferred stock is non-cumulative, the dividend not paid in a year is forfeited.
Preferred stock or debenture can be convertible into a known number of common stock in the future.
The characteristic of common stock is that it entitles its holders to vote on certain major decisions.
Answer:
Variable overhead efficiency variance= $46 favorable
Explanation:
Giving the following information:
Variable manufacturing overhead 0.30 hours $2.30 per hour
$46 Actual output 8,000 units Actual direct labor-hours 2,380 hours
<u>To calculate the variable overhead efficiency variance, we need to use the following formula:</u>
Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate
Standard quantity= 0.3*8,000= 2,400 hours
Variable overhead efficiency variance= (2,400 - 2,380)*2.3
Variable overhead efficiency variance= $46 favorable
Answer:
13.17%
Explanation:
Given that;
Net income = $30,955
Asset at the beginning of the year = $212,000
Asset at the end of the year = $258,000
Return on assets = Net income / Average total assets
But,
Average total assets = (Assets at the beginning of the year + Assets at the end of the year ) / 2
Average total assets = ($212,000 + $258,000) / 2
Average total assets = $235,000
Therefore,
Return on assets = ($30,955 / $235,000) × 100
Return on assets = 13.17%
Warehouse retail chains sometimes serve as both retailers and wholesalers
who sell to other businesses.
Wholesaler belongs to the chain of distribution which collects the goods
from the producer. It acts as the intermediary between the producer and
retailers. The wholesalers usually buy in bulk/large quantities and distribute
to the retailers.
The retailers collect the goods from the wholesalers and sell to the
consumers and acts as the intermediary between the wholesaler and
consumers.
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