Answer: 12.47%
Explanation:
First convert the APR to the relevant periodic rate.
The compounding is done daily so the periodic rate is:
= 11.75%/365
Effective Annual rate is calculated by the formula:
= ( 1 + periodic rate) ^ compounding period per year - 1
= ( 1 + 11.75%/365)³⁶⁵ - 1
= 12.47%
Martha Stewart is a Lifestyle guru and businesswoman. She was born Martha Kostyra, on August 3, 1941, in New Jersey.
Martha Stewart started her work as a model at the age of 13, she used to appear in fashion shows as well as television and print advertisements. She also<span> started a catering business in the late 1970s. Soon she was known for her gourmet menus and unique, creative presentation.</span>
Answer:
Capital budgeting is the process "of making capital expenditure decisions"
Explanation:
Capital budgeting is a planning process employed by a firm's management to evaluate if embarking on long-term investments (like purchase of a new machinery, replacement of old non-current assets, new product line, etc) are viable and profitable.
Decisions made by management must be informed decisions and one of the ways in which an investment decision can be evaluated to check if it is worthwhile is the capital budgeting process
<span>Disposable income is defined as any and all income that one has less the taxes and other mandatory payments one must make. In Julio's case, this would be the $30,000 he has earned less the $5,000 he pays in taxes yearly. The rent and utilities would not be considered, leaving a disposable income value of $25,000.</span>
I think the correct term to fill in the blank would be mix. A product mix is the all of the products or services lines being offered by a company. The cars, trucks, financing services and the like are all product lines that make up the product mix of Volvo.
