Answer: 1.1%
Explanation:
The effective annual interest rate is simply defined as the real return that is given on a savings account or any other form of investment that is interest paying which takes into consideration the effects of time compounding.
Based on the scenario in the question, the monthly rate of interest will yield an annual effective rate of interest of 14% will be:
= [(1.14)^1/12] - 1
= 1.01098 - 1
= 0.01098
= 1.1% approximately
Answer:
Yes it was a wrongful interference.
Explanation:
Reason as below:
· This case comes under United States antitrust law
· Which is also called as Competition law
· This law is in place to encourage fair competition.
· It also comes under Breach of contract
· In this case the college should have first cancelled the contract with the old vendor and then you should have tried getting the business.
· Approaching before that and doing the work is unlawful and the competitor has the right to sue you.
Answer:
Assets increase by $5,000 increase, equity decrease by $5000
Explanation:
The accounting equation is expressed as below.
Assets = Liabilities + shareholders equity
- Assets are valuable items that the business owns.
- Liabilities are the debts of the business.
- Shareholder equity is the owner's capital, plus the retained earnings.
The transaction by Celery Company involves buying supplies valued at $5000 by cash.
- Since celery paid cash, no liabilities were incurred. The shareholder money (Equity) decreased by $5000.
- Supplies worth $5000 were acquired. The suppliers belong to the business; they are valuable items( assets) to the business.
Answer:
d. monetarism
Explanation:
Monetarism- belief that money supply is the most significant factor in macroeconomic efficiency