1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kamila [148]
2 years ago
11

The Bawl Street Journal costs $580, payable now, for a 2-year subscription. The newspaper is published 252 days per year (5 days

per week, except holidays). If a 10% nominal annual interest rate compounded quarterly is used: What is the effective annual interest rate in this problem?
Business
1 answer:
elena-s [515]2 years ago
8 0

Answer:

The effective annual rate of interest is "10.38%".

Explanation:

The given values are:

Nominal annual interest rate,

Q = 10%

i.e.,

   = 0.10

Quarterly compounding,

q = 4

Now,

The effective annual rate of interest will be:

=  [{1 + (\frac{Q}{q} )}^q] - 1

On substituting the given values in the above formula, we get

=  [{1 + (\frac{0.10}{4} )}^4]  1

=  [(1 + 0.025)^4] - 1

=  (1.025)^4-1

=  1.10381289 - 1

=  0.10381289

On converting it into percentage, we get

=  10.38%

You might be interested in
You are a self-employed profit-maximizing consultant specializing in monopolies. Five firms are currently seeking your advice, a
djverab [1.8K]

Answer:

The answer is option A) The short run recommendation for a monopolistic firm is to remain at the current output level

Explanation:

In the short run, monopolistic firms could record losses but still continue to run in anticipation of a sustainable profit in the long run.

A self-employed profit-maximizing consultant specializing in monopolies understands that the short run losses experienced in a monopoly is also an advantage in that it reduces the participation of more players in the same industry/ market segment.

The best recommendation would be to remain at the current output level during the short run to cut losses, sustain patronage and then develop a long term strategy that will guarantee profitability in the long run.

6 0
3 years ago
Which of the following is not allowed as an itemized deduction?
Readme [11.4K]
D) magazines can only be deducted if purchased for a business.
7 0
3 years ago
Read 2 more answers
A document prepared at the time of shipment indicating the description of the merchandise and other relevant data. It is a writt
Maru [420]

Answer:

bill of lading

Explanation:

Bill of lading is a legal document issue when goods are transferred from one place to another. It is issued by the  freight carrier to the person who is shipping the goods. This document contains details such as which goods are shipped, quantity, details of destination. It also serves the purpose of shipment receipt, once the goods are delivered at mentioned destination in the document. To make sure that requisite goods has been correctly received  the destination and shipped correctly from the shipper, the document is signed by authorized person from the receiver, the  shipper, and the carrier.  

The objective of such document is

  • preventing theft of goods.
  • Create transparency of transaction.
  • Serves as a legal proof in case of any conflict.

6 0
3 years ago
Vertical communication occurs when scott, divisional manager of production, discusses business issues with susan, divisional man
liberstina [14]
<span>False. Communication up and down the corporate hierarchy is often called vertical communication. Communication among employees at the same level in the hierarchy, or sideways, is called horizontal communication.</span>
8 0
3 years ago
The Wong family has a disposable income of $70,000 annually. Currently, the Wong family spends 80% of new disposable income on c
USPshnik [31]

Answer:

Annual consumer spending for the Wong family is = $58.000

Explanation:

Disposable income $70,000

Marginal propensity to consume 0.8

Autonomous consumption spending $10,000.

If the disposable income (the money needed to survive) is $10.000 then the $60.000 left to complete $70.000 will be consumed at a rate of 80% or 0.8 cents per each dollar received. Therefore,

Annual consumer spending = $10.000 + ($60.000*0.8)

Annual consumer spending = $10.000 + $48.000

Annual consumer spending = $58.000

7 0
3 years ago
Read 2 more answers
Other questions:
  • While asia represents an important source of u.s. imports, few export opportunities exist for u.s. firms to sell goods and servi
    15·2 answers
  • Bohemian Manufacturing Company has the following end-of-year balance sheet:
    8·1 answer
  • Which of the following is true of both paying with a check and paying with a debit card?
    14·1 answer
  • Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 3,600 Salaries expense 1,300
    5·1 answer
  • The Benesch Company expects sales in 2018 of 205,000 units of serving trays. Benesch​'s beginning inventory for 2018 is 18,000 ​
    6·1 answer
  • You have been assigned the task of using the corporate, or free cash flow, model to estimate Petry Corporation’s intrinsic value
    14·1 answer
  • A contingent liability is:Multiple ChoiceAlways of a specific amount.An obligation arising from the purchase of goods or service
    13·1 answer
  • A municipal bond has yield to maturity of 4.83 percent. An investor with a marginal tax rate of 35 percent is indifferent betwee
    5·1 answer
  • The upward-sloping portion of the long-run average cost curve is a result of:.
    11·1 answer
  • How to report illegal immigrants at work anonymously?.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!