Answer:
First National Bank = 14.6%
First United Bank.= = 14.8%
Explanation:
<em>Effective annual rate is the equivalent annual rate o where interest rate is compounded at an interval shorter than a year.</em>
It can be calculated as follows:
EAR = ( (1+r)^(n) -1) × 100
r -interest rate per period
n- number of period
EAR - Effective annual rate
First National Bank
r - interest rate per month = 13.7%/12 = 1.141%
number of period = 12 months
EAR =( (1+011141)^(12) - 1) × 100
= 0.145938395 × 100
= 14.59
= 14.6%
First United Bank.
r- interest rate per quarter - 14%/4 = 3.5% per quarter
n- number of quarters = 4
EAR = ((1+0.035)^(4)- 1) × 100
= 0.147523001 × 100
= 14.8%
Answer:
Explanation:
Zoro is 80% and 20%, respectively. Determine the break-even point in units of Yankee and Zoro.
The journal entry to reflect the bonus to Wang will include a credit to Wang, Capital in the amount of $4,000
First step is to calculate S. Wang and T. Wu and J. Li capital amount
Capital=$50,000+$50,000+$20,000
Capital=$120,000
Second step is to calculate their new capital
New capital=$120,000*.10
New capital=$12,000
Now to determine Wang bonus amount we have to divide the capital equally between S. Wang and T. Wu
Bonus=($20,000-$12,000)/2
Bonus=$8,000/2
Bonus=$4,000
Therefore journal entry to reflect the bonus to Wang will include a credit to Wang, Capital in the amount of $4,000
Learn more about Partnership share of Capital here:
brainly.com/question/13219570
Answer: Direct foreign investment, Provide tax break and patent for firms that pursue research and development in health and sciences, A reduction in capital per worker
Explanation:
Direct foreign investment : This is a long term capital flows into the economy of a country by a public and private individuals. These long term capital flows can be used in the building of an asset in the recipient country such as the building of factories for factory expansion which will increase the productivity of the firm.
Productivity is the increase in the output per head in an economy. Productivity and growth can be increased in an economy by providing tax break and patent for firms that pursue research and development in health and sciences. This means that during this period such companies will not pay tax , this will reduce the cost of Production of those firms that enjoy the tax break and also it will increase their profit. On the other hand, government can give patent for firm that pursue research and development in health and sciences. This patent when it is granted will give the firm the exclusive right to own,use and dispose an invention for a period of time. It will enable the firm to use the invention alone for a specific number of years.
A outcome of a rapid population growth is the reduction in capital per worker, when there is an increase in the population of a country it often result in the fall in the standard of living of the people.
Answer:
4
1
3
2
Explanation:
The big 5 personality traits include
Openness - it includes people who are open to new things and enjoy learning new things.
Ted is high on this trait
Extraversion - it includes people who enjoy meeting new people and are very sociable.
Betty is high on this trait
Conscientiousness - includes people that are organised and pay attention to details. Aiden is low on this trait
Agreeableness - includes people that trust people easily and are kind
Neuroticism - includes people that are usually moody or sad
