Answer:
First National Bank = 14.6%
First United Bank.= = 14.8%
Explanation:
<em>Effective annual rate is the equivalent annual rate o where interest rate is compounded at an interval shorter than a year.</em>
It can be calculated as follows:
EAR = ( (1+r)^(n) -1) × 100
r -interest rate per period
n- number of period
EAR - Effective annual rate
First National Bank
r - interest rate per month = 13.7%/12 = 1.141%
number of period = 12 months
EAR =( (1+011141)^(12) - 1) × 100
= 0.145938395 × 100
= 14.59
= 14.6%
First United Bank.
r- interest rate per quarter - 14%/4 = 3.5% per quarter
n- number of quarters = 4
EAR = ((1+0.035)^(4)- 1) × 100
= 0.147523001 × 100
= 14.8%
Answer:
Sector Partnership
Explanation:
Sector partnership indicates the coming together of both the private sector (trade association) and government sector aimed at providing qualified employees through identifying those skills needed by local companies and then working various colleges and universities in order to provide employees possessing those skills required by the local companies.
Answer:
Globalization of markets and brands
Correct option A
Explanation:
Globalization has enabled firms to specialize and to increase the intensity of R&D, innovation and capital in their output.
Globalization has made it easier for new companies to start competing with old companies.
Globalization has made companies to increased the number of people that it employs, both through exports and imports.
Answer:
Reduce volatile air emissions 15 percent by 2015 from 2010 base year, indexed to net sales. (3M) Cut corporate overhead costs by $30 million per year. (Fortune Brands)
Explanation:
The financial strategic objective refers to an objective in which the organization wants to mentioned about the change in the items of a financial statements like increase in growth in sales, increase in net earnings, etc
According to the given options, the last option is correct as in this no improvement is to be shown in terms of growth
Therefore the last option is correct
Answer:
a. You've completed some transactions during the time period between when the statement was printed and when it was received by you
Explanation:
The balance on the check register and that shown for the business in its account statement, at a point in time, will rarely be the same.
Differences might be caused by any of the following:
Items recorded in the check register are not (yet) shown in the account statement.
Items in the account statement that have not been recorded in the check register.
Based on the above discussion, the answer shall be a. You've completed some transactions during the time period between when the statement was printed and when it was received by you
