I think the most appropriate answer would be A.
I hope it helped you!
Answer: Quarterly
Explanation:
Annual interest rate = 4.00%
Effective annual rate = 4.08%
To know if the bank is compounding interest daily or quarterly goes thus:
Effective Annual rate can be calculated using:
= (1+Periodic rate)^number of compounding periods - 1
Therefore, we calculate the daily compounding effective annual rate which will be:
= (1+4%/365)^365 - 1
= (1 + 0.04365)^365 - 1
= 4.08%
For Quarterly EAR, this will be:
= (1+4%/4)^4 - 1
= (1 + 0.04/4)^4 - 1
= 4.06%
Therefore, the a bank is compounding interest Quarterly
Answer:
The correct option is C, credit to cash over and short for $3
Explanation:
The requirement targets the balancing entry in the cash account,with cash of $17 in the petty cash account coupled with receipts of $86, the total amount in the petty cash is $103 ($86+$17) and the established float is just $100, which implies that the petty cash has an excess fund of $3 that must be returned to the main cash account.
The excess is the difference between $103 cash in the petty cash account and the maximum float of $100($103-$100)
Answer:
option (B) Costs outweigh benefits by $1,600
Explanation:
Given:
Software costs = $10,300
Employee training cost = $8,200
Expected hardware upgrade cost = $12,100
Expected benefits from the inventory tracking system = $29,000
Now,
The total cost of the inventory tracking system
= Software costs + Employee training cost + Expected hardware upgrade cost
= $10,300 + $8,200 + $12,100
= $30,600
Since the cost is more than the benefit, the cost outweigh the benefit
the difference of outweigh = Cost - Benefit = $30,600 - $29,000 = $1,600
Hence,
the correct answer is option (B)
Answer:
A and C
Explanation:
According to my research on studies conducted by various sociologists, I can say that based on the information provided within the question this situation involves the internal environment and employees. This is because an Internal Environment is refers to the culture, members (including employees), events and factors within an organization. And since Heidi would not leave her dogs at Camp Bow Wow because none of the employees are accredited veterinary technicians, we can say that the answer is internal environment and employees.
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