Answer:
22.13%
Explanation:
The effective annual rate formula below can be used to determine the actual rate charged by the bank as follows:
Effective annual rate=(1+APR/n)^n-1
APR=20%
n=number of times interest is computed yearly=365
Effective annual rate=(1+20%/365)^365-1
Effective annual rate=1.221335858
-1
Effective annual rate=22.13%
The actual rate of interest on bank loan is 22.13%
Answer:
The actual labor rate per hour is $12
Explanation:
First and foremost, we need to understand that a direct labor spending variance of $990(unfavorable) means that the firm spent an additional $990 compared to what was expected.
Also, the spending variance is computed as the actual labor rate minus the standard labor rate multiplied by the actual labor hours worked
spending variance=(actual labor rate-standard labor rate)*actual labor hours
spending variance=$990
actual labor rate=unknown=(assume it is X)
standard labor rate=$11
actual labor hours worked=990
$990=(X-$11)*990
$990/990=X-$11
$1=X-$11
X=$1+$11
X=actual labor rate=$12
Answer:
market operations ? markets have operations?
Answer:
The employer can experience pension loss if it found out that the retirees benefits paid out are more than expected.
Explanation:
- Normally during salary payments, pension claims are paid to retirees as well, and can be automatically checked and processed as if the deficiency was very contrary.
- However, if payments for retired claims are found to be higher than expected, we can say that the company has suffered a pension loss.
- so The employer can experience pension loss if it found out that the retirees benefits paid out are more than expected.
