What is the starting salary for a bookseller? it's for a project.

First National Bank charges 11.1 percent compounded monthly on its business loans. First United Bank charges 11.3 percent compou

Ronch [10]

Answer:

First National Bank's EAR is 11.68%

First United Bank's EAR is 11.62%

Explanation:

Effective annual rate=(1+APR/m)^m-1

APR is the annual rates given in the question as 11.1% and 11.3%

m is the number of times in the year that compounding is done, for instance, it is 12 for monthly compounding and 2 for semiannual compounding

First National Bank's EAR=(1+11.1%/12)^12-1=11.68%

First United Bank's EAR=(1+11.3%/2)^2-1=11.62%

The EAR for First National Bank is higher

6 0

3 years ago

The CEO of Widgets, Inc., must decide whether to take the company public. To better understand the potential advantages and disa

nordsb [41]

Answer:

the dialectic method

Explanation:

Based on the information provided within the question it can be said that the process that is being used is known as the dialectic method. This is a form of research in which competing ideas, perspectives, or arguments are analyzed in order to understand the potential truths, advantages, and disadvantages of the aspects being discussed.

7 0

3 years ago

Franklin Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of b

N76 [4]

Answer:

Adjusted balance = $23,387

Explanation:

Franklin Company

Bank Reconciliation statement

Bank balance as of August 31 $21,837

Add: Deposit in transit $ 7,350

$29,187

Less: Outstanding check $(5,800)

Adjusted cash balance $23,387

Cash balance as of August 31 $22,662

Add: Collection of Note receivable $ 870

$23,532

Less: Bank service charge $( 145)

Adjusted cash balance $23,387

6 0

3 years ago

us suppose that you open a savings account at the campus credit union. Into this savings account, you place $100 in savings. The

BartSMP [9]

Answer:

the future value in two years is $110.25

Explanation:

The computation of the future value in two years is shown below:

As we know that

Future value = Present value × (1 + rate of interest)^number of years

= $100 × (1 + .05)^2

= $100 × (1.1025)

= $110.25

Hence, the future value in two years is $110.25

The same should be considered and relevant

5 0

3 years ago

Jackson Company manufactures three products from a joint process. Joint costs for the year amounted to $300,000. The following

son4ous [18]

Answer:

Joint costs allocated to Product Y = $60,000

Explanation:

Given:

Particular Product Units Produced Sales

X 5,000 $70,000

Y 3,000 $30,000

Z 2,000 $100,000

Total 10,000

Joint costs allocated to Product Y = (Total Joint costs × Y's total unit) / Total units produced

Joint costs allocated to Product Y = ($300,000 × 3,000) / 10,000

Joint costs allocated to Product Y = $90,000

4 0

3 years ago

What is the starting salary for a bookseller? it's for a project. ​

What is the starting salary for a bookseller? it's for a project.