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
Verdich [7]
2 years ago
8

Wyatt is paying back a loan with a nominal interest rate of 13. 62%. If the interest is compounded quarterly, how much greater i

s Wyatt’s effective interest rate than his nominal interest rate? a. 0. 96 percentage points b. 0. 40 percentage points c. 0. 25 percentage points d. 0. 71 percentage points.
Business
1 answer:
lbvjy [14]2 years ago
6 0

Wyatt's<u> effective interest rate</u> would be greater than his <u>nominal interest rate </u>by 0. 71 percentage points.

The <em>nominal interest rate</em> is 13. 62% or 0.1362 that would be given an <em>effective rate of interest </em>as follows:

R=(1+\frac{i}{m})^{m}  -1\\=(1+\frac{0.1362}{4})^{4}  -1\\=0.1433

Here, the value of the effective rate of interest<u>,</u> that is 0.1433 that would be multiplied with 100 to get the <u>percentage value</u> of 14.33%

Hence, the <u>difference between effective and nominal interest rates</u> would be:

14.33-13.62\\=0.71

Learn more about the effective and nominal rates of interest here:

brainly.com/question/2787260

You might be interested in
Gorton's sells Gorton's Fish Sticks, Gorton's Fish Fillets, and Gorton Grilled Fish. This is an example of
dimaraw [331]

Answer:

The correct answer is letter "A": family branding.

Explanation:

Family branding is a strategy entrepreneurs follow by naming the same or partly equal different businesses with diverse markets to take advantage of the reputation one of those businesses have obtained. The naming is legal and in most cases represents a partnership between those businesses or a license given by the main company to allow others to use part of the same name in exchange for a fee.

6 0
3 years ago
All of the following statements related to preparation of the statement of cash flows under U.S. GAAP and IFRS are true except:
iVinArrow [24]

Answer: IFRS permits the classification of cash outflows for interest expense under operating or financing based on which one results in better cash flows from operating activities.

Explanation: The cash flow statement includes only inflows and outflows of cash and cash equivalents; it excludes transactions that do not directly affect cash receipts and payments. These non-cash transactions include depreciation or write-offs on bad debts or credit losses to name a few.

6 0
3 years ago
Failure to record the adjusting entry for deferred revenue now earned causes liabilities on the balance sheet to be what
zlopas [31]

Answer:

overstated

Explanation:

Adjusting entry is a term used in the accounting process, which describes journal entries usually carried out at the end of an accounting period to assign income and expenditure to the period in which they actually happened.

However, the journal entry to identify a deferred revenue is to debit or increase cash and credit or increase a deposit or another liability account.

Hence, Failure to record the adjusting entry for deferred revenue now earned causes liabilities on the balance sheet to be what OVERSTATED

8 0
3 years ago
Uhhhh can I get help plss
Maru [420]
Agriculture,Food, and Natural Resources because it was a natural oil she made.
4 0
2 years ago
Read 2 more answers
Directions and Analysis Task 1: Defining Entrepreneurship Before deciding on a business. you determine that you need to know mor
andrew11 [14]

As with most things, market research has certain trends that come and go over time. Identify at least two market research trends, past or present, and explain the limitations of these trends.Question

Directions and Analysis Task 1: Defining Entrepreneurship Before deciding on a business. you determine that you need to know more about entrepreneurship Describe entrepreneurship. How is it different than working for someone else? How does entrepreneurship affect you? How does it affect the economy? Type your response here: Task 2: Latest Trends in Entrepreneurship Conduct online research to find out some of the latest trends in entrepreneurship. Describe five such trends in brief.​

8 0
3 years ago
Other questions:
  • Peterson Company's general ledger shows a cash balance of $7,440 on May 31.
    10·1 answer
  • Demand is variable and the company wants to build a safety stock into R. The average daily demand is 15, the lead time is 3 days
    11·1 answer
  • During an interview with Heidi Royce, she confessed to accepting $64,500 in kickbacks from a key supplier over the last 6 months
    11·1 answer
  • Which of the following is true?
    5·1 answer
  • How to calculate marginal tax rate effective tax rate and average ​
    15·1 answer
  • Which item is important to consider when selecting a<br> credit card?
    12·1 answer
  • Suppose the demand for roses increases from 500 to 600 stems when income rises from $10,000 to $20,000. Income elasticity for ro
    14·1 answer
  • The full disclosure principle: Multiple Choice Prescribes that accounting information is based on actual cost. Provides guidance
    8·1 answer
  • Your project to obtain charitable donations is now 30 days into a planned 40 day project. The project is divided into 3 activiti
    8·1 answer
  • The use of anthropological techniques to study businesses and what some people call organizational culture in order to assist th
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!