Answer:
if you want to maximize the amount of interest that you will earn, then you should choose bank C
Explanation:
interest gained in 1 year in bank A = $5,600 x 4.61% = $258.16
interest gained in 1 year in bank B = $5,600 x [(1 + 4.15%/12)¹² - 1] = $236.87
interest gained in 1 year in bank C = $5,600 x [(1 + 4.57%/2)² - 1] = $258.84
interest gained in 1 year in bank D = $5,600 x [(1 + 4.25%/4)⁴ - 1] = $241.82
we have to calculate the effective interest rate paid by each bank using the following formula:
effective interest = (1 + i/n)ⁿ - 1
Answer:
B
Explanation:
Standard is used for unit projection and unit prices of a product, while Budget is used for total projection in both price and Total units of a product.
Answer:
b) false
Explanation:
Operating activities: It contains those transactions that affect the after-net income working capital. It would subtract the increase in current assets and a decline in current liabilities, while adding the reduction in current assets and a rise in current liabilities.
Therefore, the given statement is false.
Answer:
$57,600
Explanation:
The computation of the total amount paid to preferred shareholders are shown below:
= Number of shares for preferred stock × par value × dividend rate × number of years
= 1,200 shares × $100 × 12% × 4 years
= $57,600
In case of cumulative, the number of years would be four years for dividend paid
All other information which is given is not relevant. Hence, ignored it
Answer:
Job Sharing.
Explanation:
Job sharing can be understood as an act, where one set of employees works for a given shift and the remaining work is completed by the other set of employees at any other time of the day. This is usually done by part-time workers and they tend to split their remuneration as well according to the work requirement and their performance.
