Answer:
The First Bank loan has an effective rate of 7.98 percent.
Explanation:
we calcualte the effective rate for both loand and check which statement is correct.
<u>First bank:</u>
1.07977643 - 1 = 0.07977 = 7.98%
<u>Second bank:</u>
1.076798729 - 1 = 0.076798729 = 7.68%
Notice tthis isthe effective rate not the annual percentage rate.
So only the statement abour the first bank effectibe rate is true.
Answer and Explanation:
The Journal Entry is shown below:-
Investment in bonds is at face value, no question about discount or premium.
Investment is rendered from the time the bonds mature before 2023. Hence, it is an investment as Working for Profit "Held until maturity"
Jan 1, 2018
Bonds receivables Dr, $140,000
To Cash $140,000
(Being Investment in bonds is recorded)
30 June 2018
Cash Dr, $2,400
To interest income $2,400
(Being six months interest received is recorded)
31 Dec 2018
3. Cash Dr, $2,400
To interest income $2,400
(Being six months interest received is recorded)
Working note:-
Bond Value $140,000
Interest rate 4%
Interest earned half
yearly, effective rate
(4% × 6 ÷ 12) 2%
Half Yearly interest amount
($140,000 × 2%) $2,800
Answer:
A company moves their focus onto customers who are active on different social media platforms, to both offer customer service on social channels, and to optimize their own service by collecting customer data via these channels. The long-term goal of Social CRM is to increase customer satisfaction and revenue.
Explanation:
Answer:
$15,780
Explanation:
The sticker price for a vehicle with all the features is the total of all the given cost elements.
These include the retail price, destination charge, cruise control, custom sound etc.
Hence, the sticker price for the vehicle
= $13,760 + $475 + $800 + $235 + $510
= $15,780
The retailer was asking the designers to agree to <u>Exclusive distribution</u>.
<u>Explanation:</u>
Exclusive distribution is characterized as the arrangement under which a participant is a supplier and provider. It specifies that the seller can not offer their service or item to some other group. It attaches the contract that the commodity must be distributed to an exclusive seller. The retailer asks developers for exclusive supply as per the situation specified in the discussion. Retailer does not want the jewelry design to be sold to any other outlet or retailer for successful sale. Thus agreement on this matter is suggested by the retailer.
