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3 years ago

Sophie's credit card has an APR of 19 percent. What is the periodic rate?

1 answer:

3 0

Her daily periodic interest rate is 0.05%, her monthly periodic interest rate is 1.58%, and her semiannually periodic interest rate is 9.5%.
APR stands for the annual percentage rate of an interest rate of a person. The periodic interest rate is the portion of an annual percentage rate based on a specified period such as daily, monthly, and semi-annually. The Periodic interest rate is calculated by dividing the APR by the specified period such as 365 for the daily period, 12 for the monthly period, and 2 for the semi-annual period.

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Nolan Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close

algol13

Answer:

Balance as per cash book $ 20,621

Less: Debit memorandum $ ( 22)

Add: Interest earned on bank balance $ 34

Add: Correction of error $ 9

Adjusted balance per cash book $ 20,642

Balance as per bank statement $ 19,791

Add: Deposits in Transit $ 3,333

Less: Outstanding checks $ ( 2,482)

Adjusted balance per bank statement $ 20,642

Explanation:

The debit memorandum from the bank has to be adjusted from the cash book. This is only known from the bank statement

The interest earned on the bank balance is only known from the bank statement and has to be adjusted in the cash book

The correction of error needs to be corrected in the cash book.

The deposits in transit have been recorded in the cash book so no adjustment is needed there. The money has not been deposited so the bank statement balance has to be added thereto,

The checks issued by the Company, have been properly recorded in the cash book, however, since the checks have not been encashed the bank balance needs to be reduced to reconcile the balance.

3 0

4 years ago

Marking brainliest!! Ms. Rivera needs advice. She wants to pay her taxes on time and figure out how she can save money to retire

Yuki888 [10]

A. Personal

Personal accountant: A person who has the requisite skill and experience in establishing and maintaining accurate financial records for an individual or a business.

5 0

2 years ago

Read 2 more answers

Wisconsin Cheddar has introduced a new product called "aged jalapeno cheddar". Displays are set up at various retail cheese stor

Fiesta28 [93]

Answer:

Sales promotions

Explanation:

Sales promotions are the planned activities that a business takes to stimulate demand and increase sales. In sales promotions, the company applies attractive short-term methods to persuade customers to buy products. Sales promotions mostly target consumers. Businesses may also initiate sales promotion aiming at encouraging traders to sell more.

Techniques used in sales promotion include discount vouchers, money-off-coupons, free samples, and competitions. Wisconsin Cheddar is conducting a sales promotion. The displays, free samples, and discount coupons are meant to encourage customers to buy. Sales promotions are useful in introducing new products in the markets. They help push-up sales volumes, although it could be temporarily.

4 0

4 years ago

A Product Manager has been given responsibility for overseeing the development of a new software application that will be deploy

Free_Kalibri [48]

Incomplete question. The missing options read;

a. Design the application’s security features after the application’s initial build is complete.

b. Schedule development of security features after the application’s initial release.

c. Utilize a DevSecOps approach to incorporate security into the development process from the beginning.

d. Contract with an external vendor to develop a security solution separately from the main application.

Answer:

a. Design the application’s security features after the application’s initial build is complete.

Explanation:

Remember, our main concern here is to determine the most time-saving and cost-effective way for the Product Manager to address the new application's security considerations.

Hence, if the Product Manager decides to schedule the development of security features after the application’s initial release, this would not be the most time-saving approach. Also, utilizing a DevSecOps approach to incorporate security into the development process from the beginning and contracting with an external vendor to develop a security solution separately from the main application is not the best cost-saving approach.

However, designing the application’s security features after the application’s initial build is complete would be the most time-saving and cost-effective way for the Product Manager to address the new application's security considerations.

4 0

3 years ago

Krasco Inc.'s auditors prepared the following reconciliation between book and taxable income. The corporation has a 34% tax rate

AveGali [126]

Answer:

income tax expense 2,806,064.2 debit

deferred income tax (benefit) 38,216 debit

income tax payable 2,844,820.2 credit

Explanation:,

income before taxes 8,288,900

permanent difference (35,770)

accounting taxable income: 8,253,130

temporary difference 112,400

taxable income 8,365,530

income tax expense:

will be calculate considering the accounting income:

8,253,130 x 34% = 2,806,064.2

income tax payable:

will be calcualte considering the temporary difference:

8,365,530 x 34% = 2,844,820.2

the difference will be deferred income tax

2,844,820.2 - 2,806,064.2 = 38,216

8 0

3 years ago