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3 years ago

An effective 12.68% per year, compounded monthly is the closest to:

Business

1 answer:

Sergio039 [100]3 years ago

8 0

Answer:

a. 12% per year

Explanation:

Effective interest rate

r = (1 + i/n)^n - 1

r = effective interest rate

i = simple interest rate compounded monthly

n = number of compound intervals

12.68% = ((1+i/12)^12)-1)

1+0.1268 = ((1+i/12)^12)

1.1268^(1/12) =1+i/12

1.010 = 1+i/12

1.010-1 = i/12

0.010 x 12 = i

i = 0.12 = 12%

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Zoom call anyone<br> im bored

Mrac [35]

Answer:

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Explanation:

8 0

3 years ago

Other things remaining the same, if the average aggregate inventory value goes down, then?

mixas84 [53]

Other things remain the same if the average aggregate inventory value goes down, then the inventory turnover ratio will go up, but weeks of supply will go down.

An inventory valuation allows a company to provide a monetary value for items that make up its inventory. Inventories are usually the largest current asset of a business, and proper measurement of them is necessary to assure accurate financial statements.

An inventory valuation is a monetary amount associated with the goods in the inventory at the end of an accounting period.

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7 0

1 year ago

On january 1, 2013, a company sold a piece of equipment for $30,000 which it had used for several years. the equipment had cost

Tema [17]

Book value on the date of disposal
Cost of the equipment - accumulated depreciation
45000-20000=25000

Gain on disposal of the equipment
Proceeds from sales - book value on the date of disposal
30000-25000=5000

The amount of gain on disposal (5000) is reported under “Other revenues and
gains” section of the income statement which increase the profit which transferred into shareholders equity. Also, the account of the equipment will be zero

So the answer is d

Hope it helps!

3 0

3 years ago

Palmer Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an ann

VashaNatasha [74]

Answer:

So, accounting rate of return = 33 %

Explanation:

given data

net income after tax = $179,850

initial cost = $545,000

time = 7 year

salvage value = $34,000

we will get here the accounting rate of return

solution

as we know that accounting rate of return is express as

accounting rate of return = Net income ÷ initial investment .................1

put here value and we get

accounting rate of return = $\frac{179850}{545000}$

So, accounting rate of return = 33 %

7 0

3 years ago

On December 15, 2021, Rigsby Sales Co. sold a tract of land that cost $3,300,000 four $5,000,000. Rigsby appropriately uses the

Flura [38]

<u>Solution and Explanation:</u>

Installment Receivables (Net) of $2,905,600

Basis Particulars Debit Credit

Sale:- Instalment Receivables $5,000,000

Inventory $3,200,000

Deferred gross profit $1,800,000

Payment:- Cash $4,90,000

Instalment Receivables $4,90,000

Deferred Gross profit $165,600

Realised Gross profit $165,600

Instalment Receivables ($5,000,000 minus $490,000) = $4,510,000

Deferred gross profit ($1,800,000 minus $165,600) = $1,634,400

Instalment Receivables (Net) = $2,875,600

8 0

3 years ago