Answer:
First National Bank's EAR is 11.68%
First United Bank's EAR is 11.62%
Explanation:
Effective annual rate=(1+APR/m)^m-1
APR is the annual rates given in the question as 11.1% and 11.3%
m is the number of times in the year that compounding is done, for instance, it is 12 for monthly compounding and 2 for semiannual compounding
First National Bank's EAR=(1+11.1%/12)^12-1=11.68%
First United Bank's EAR=(1+11.3%/2)^2-1=11.62%
The EAR for First National Bank is higher
Answer: .A) nontariff trade barrier
Explanation:
A Non-Tariff trade barrier as the term implies, refers to measures apart from the imposition of tariffs meant to protect local businesses in a country by restricting the trade of international products in that same country.
Such measures include but are not limited to,
• Quotas,
• Levies,
• Embargos, and
• Sanctions etc
Savannah Corporation should report revenue from investment for 2017 in the amount of $80,000.
<h3>Amount to be reported as revenue</h3>
First step
Percentage ownership=35,000/140,000 shares ×100
Percentage ownership=25%.
Second step
Using equity method
Revenue from investment=25%× $320,000
Revenue from investment=$80,000
Therefore Savannah Corporation should report revenue from investment for 2017 in the amount of $80,000.
Learn more about revenue here:brainly.com/question/24280609
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Answer:
C. Total debits are equal to total credits
Explanation:
When the end-of-period spreadsheet is complete, the adjustment columns should have:
Total debits equal to total credits.
When this happens, the trial balance is considered to be balanced.
If revenues are greater than expenses, then income statement will give a credit balance. If expenses are bigger than revenues, your income statement will show a debit balance.
