The effective annual rate will be 15.87%.
Suppose that your bank pays you 15% annual interest that is compounded quarterly. What is the effective annual interest rate?
Annual Interest Rate= 〖(1+ r/n)〗^n -1
where:
r=Nominal interest rate
n=Number of periods
=〖(1+0.15/4)〗^4 – 1
= 1.15865 - 1
=0.15865
I = 0.15865 x 100
= 15.865 %
= 15.87%
What is meant by annual interest rate?
The interest rate that is applied throughout a year is referred to as the annual interest rate. Interest rates may be imposed monthly, quarterly, or biannually, among other time frames. However, interest rates are typically annualized.
Which is the definition of an effective annual rate?
The actual return on a deposit after accounting for the number of times interest is paid over the course of a year is known as the effective annual rate. Comparing deposits using the cumulative power of generating interest on interest serves as a benchmark.
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Answer:
Explanation:
The purpose of allocating the output of the shoes is to diminish the total cost of production. The process is achieved by assigning a pair of shoes that requires production at the factory with a marginal lower cost of the two plants. Afterward, the firms will have to equate the marginal cost of production across the two firms.
For firm 1:
The cost of production 
Differentiating with respect to 
to determine the marginal cost;
For firm 1, the Marginal cost 
For firm 2; the marginal cost 
Equating both from above:
Recall that:
Thus, we can replace the value of into the above equation to determine the value of 
in terms of 
by applying a quadratic formula.
Assuming we knew the values of 
we can estimate the numerical value of , then replace it into the equation 
to find the numerical value for .
First and foremost, saving money is important because it helps protect you in the event of a financial emergency. Additionally, saving money can help you pay for large purchases, avoid debt, reduce your financial stress, leave a financial legacy, and provide you with a greater sense of financial freedom. I would save money by keeping it secure in a special place like a wallet.
Answer:
The bad debt expense for the year is 3,000 dollars
Explanation:
We should solve for the bad debt expense with a reverse engineer on the allowance T account
Allowance
<u> DEBIT CREDIT </u>
Beginning 25,000
write-off 10,000
bad debt <u> X </u>
Ending 18,000
25,000 - 10,000 + X = 18,000
15,000 + X = 18,000
X = 18,000 - 15,000
X = 3,000
Answer:
The theme is very complex, however a short explanation of that type of distribution is given below with and example.
Explanation:
To begin with, that distribution of variables will totally depend on the type of product that is being under study. Having that in mind, the distribution to the advertising will be more or less strong on the consumer's attention depending on the day. Therefore that, for example, if the case is about an alcoholic drink or something related to the weekends like clothes for going out or something like that, then the advertising will cause more impact in the consumer on fridays and saturdays and that will be like that because the consumer will now be exposed to the possible situation of going out that exact night so he or she might want to consumer an alcoholic drink.
It will be the same with the hours of every day, if the advertising is shown late at night but before party time, then the consumers will be exposed to that commercial and will the necessity of buying, psychologically speaking.
