Answer:
the effective annual rate of interest is 37.50%
Explanation:
The computation of the effective annual rate of interest is as follows:
Interest = Principal × rate × time period
$12 = $128 × rate × 3 months ÷ 12 months
$48 = $128 × rate
rate = 37.50%
Hence, the effective annual rate of interest is 37.50%
We simply applied the above formula so that the correct annual rate could come
It can be deduced that the current interest rate on the 3 year bond is 1.5%
<h3>How to calculate the interest rate</h3>
It can be deduced that the interest rates for the next three years have been given.
Also, according to the given expected path, the interest rate on the premium is given.
Therefore, the current interest rate on the 3 year bond will be:
= 1 + 0.5
= 1.5%
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Answer:
Power is another source other than inheritance.
Hope this helped you!
Explanation:
Answer:
$99,110
Explanation:
The commission due to Dowd is a function of the surplus made in the region over the annual quota.
Given that the annual quota for the Southern region is $450,000 and the sales in the same region for the year is $698,000.
The surplus sales over the annual quota
= $698,000 - $450,000
= $258,000
Since Dowd receives a commission of 4½ percent for all sales over the given quota,
Dowd's commission = 4½ × $258,000
= $11,610
The amount of salary and commissions due to Dowd
= $87,500 + $11,610
=$99,110
Answer:
It is logical to use this method when overhead resources are consumed by various products in substantially different ways throughout multiple departments.
Explanation:
A departmental overhead rate is considered to be a standard charge based on the units of activity produced by a business segment. Overhead rate at the department level are usually applied in a more refined cost allocation environment, where there is a need to apply overhead cost as precisely as possible.