15.79 % is the rate that bank is requred to give to potential borrowers
<u>Explanation:</u>
![A P R=m\left[(1+E A R)^{1 / m}-1\right]](https://tex.z-dn.net/?f=A%20P%20R%3Dm%5Cleft%5B%281%2BE%20A%20R%29%5E%7B1%20%2F%20m%7D-1%5Cright%5D)
![\mathrm{APR}=365\left[(1+.171)^{1 / 365}-1\right]](https://tex.z-dn.net/?f=%5Cmathrm%7BAPR%7D%3D365%5Cleft%5B%281%2B.171%29%5E%7B1%20%2F%20365%7D-1%5Cright%5D)
![A P R=365\left[(1.171)^{0.00273972602}-1\right]](https://tex.z-dn.net/?f=A%20P%20R%3D365%5Cleft%5B%281.171%29%5E%7B0.00273972602%7D-1%5Cright%5D)
![\mathrm{APR}=365 *[1.00043258-1]](https://tex.z-dn.net/?f=%5Cmathrm%7BAPR%7D%3D365%20%2A%5B1.00043258-1%5D)
, APR = 0.1578917
Or 15.79% (it is rounded off )
<u>Where:
</u>
EAR = effective annual rate
APR = Annual percentage rate
M = number of compounding
Therefore, the interest of rate that the bank is required by law in order to report to all the potential borrowers is 15.97%
Answer:
Total= 45,684 feet
Explanation:
Giving the following information:
Production budget:
February= 10,993
March= 8,559
Each chair produced uses 5 board feet of wood.
Management wants an ending inventory level of raw materials to equal 20% of the production needs (in wood) for the next month.
Direct material budget:
Production= 10,993*5= 54,965
Desired ending inventroy= (8,559*5)*0.2= 1,712
Beginning inventory= (10,993*5)*0.2= (10,993)
Total= 45,684 feet
Answer:
A=167.74
B 96.15%
C 95.43%
D 1.02 days
Explanation:
A)No of days in the year = 365
Total no of services days = 26106 + 35120 = 61226
Average daily census = 61226/365=167.74
B) Bed occupancy rate for January - June 3.
= Total number of inpatient days * 100/ Available beds * number of day
=26106*100/150*181=96.15%
C)Bed occupancy rate for July - December=
Total number of inpatient days * 100/ Available beds * number of day
35120*100/200*184 = 95.43%
D)
ALOS (Average length of days)=Total inpatient days /Total Discharges
61226 + 9601/59788 + 9588= 1.02days
Answer and Explanation:
The Journal entry is shown below:-
1. Cash Dr, $31,770
To Common stock $31,770
(Being issuance of shares for cash is recorded)
2. No Journal Entry is required
3. Office furniture Dr, $3,740
To Accounts payable $3,740
(Being purchase of office furniture on credit is recorded)
4. Accounts receivable $10,430
To service revenue $10,430
(Being customer billed for service is recorded)
5. Cash $185
To credit revenue $185
(Being cash received for service is recorded)
6. Accounts payable $800
To cash $800
(Being cash paid for office furniture purchased is recorded)
7. Salaries expense Dr, $3560
To cash $3560
(Being salary paid is recorded)
A code of conduct is a set of guidelines for helping a firm make ethical decisions. It <span>states the principles and expectations governing the behavior of individuals and organizations in the conduct of internal auditing. Hope this answers the question.</span>
