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Pavel [41]
2 years ago
8

Find the APR in each of the following cases. EAR Number of Times Compounded APR 15.3% Semiannually 8.7% Monthly 9.4% Weekly 14.9

% Daily
Business
1 answer:
jasenka [17]2 years ago
3 0

Answer:

14.76%

8.37%

8.99%

13.89%

Explanation:

the formula for finding APR is - periodic interest rate x number of times compounded

Periodic interest rate = (EAR + 1 ) ^1/m - 1

(0.153 + 1)^1/2 - 1 = 0.0738 = 7.38

APR = 2 x 7.38% = 14.76%

(0.087 + 1)^1/12 - 1 = 0.006976

APR = 0.006976 X 12 = 0.0837 = 8.37%

(0.094 + 1 ) 1/52 - 1 = 0.001729

0.001729 x 52 = 0.0899 = 8.99%

(0.149 + 1)^1/365 - 1 = 0.000381

0.000381 x 365 = 0.138918 = 13.89%

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At the beginning of 2016, EZ Tech Company's Accounts Receivable balance was $140,000, and the balance in Allowance for Doubtful
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Answer:

EZ Tech Company

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Debit Cash Account $210,000

Credit Sales Revenue $210,000

To record sale of goods for cash.

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Credit Sales Revenue $840,000

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Explanation:

a) Accounts Receivable:

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b) The direct write-off of the uncollectible accounts could have also been treated through the Allowance for Doubtful Accounts by debiting the account before crediting it with the Uncollectible Expense account.  Since there is no instruction to the contrary, we have used the direct method instead, for simplicity.

3 0
3 years ago
CAN SOMEONE HELP ME PLEASE? I ATTACHED THE QUESTION <br> THANKS!!!
Aleks [24]

Answer:

The formula for each month is described below:

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Explanation:

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Select the correct answer.
nasty-shy [4]
It’s debtor because of the user
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Tom walks bethany's dog once a day for $50 per week. bethany values this service at $60 per week, while the opportunity cost of
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The total surplus is A. $30.

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