If round house furniture offers credit to its customers at a rate of 1.15 percent per month. The effective annual rate of this credit offer is: 14.71 percent.
<h3>
Effective annual rate </h3>
Given data:
Rate per month = 1.14 percent
Number of months in a year = 12 months
Now let determine or find the effective annual rate using this formula
Effective annual rate =(1 + rate)^ n -1
Let plug in the formula
Effective annual rate = (1 + .0115)^12- 1
Effective annual rate = (1 .0115)^12- 1
Effective annual rate = 1.14707 -1
Effective annual rate = .1471 × 100
Effective annual rate = 14.71 %
Therefore we can conclude that the annual rate is 14.71 percent.
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The answer would be “click through rate.”
Answer:
using the barter system.
the barter system is a system that exchange 1 item to another.
this kind of technique is quite risky because sometimes you got either more or less valuable item.
but for me i prefer using the barter system.
Drastically reducing inventories to help manufacturers increase the utilization of more floor space is an example of <u>B. a just-in-time (JIT) inventory system</u>.
<h3>What is a Just-inTime inventory system?</h3>
A Just-in-Time inventory system is inventory management that ensures that raw materials for production arrive as needed.
With a Just-in-Time system, inventory arrives as production is scheduled to begin.
The purpose of a Just-in-Time system is to reduce inventory on hand to the minimum just to meet demand.
A. a merchandising inventory system.
B. a just-in-time (JIT) inventory system.
C. a finished goods inventory system.
D. determining inventory quantities.
Thus, reducing inventories to help manufacturers increase the utilization of more floor space is an example of <u>B. a just-in-time (JIT) inventory system</u>.
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Federal tax: $86
State tax rate: 19% (0.19)
(86) x (0.19) = 16.34
d. $16.34