Answer:
annual percentage rate: 7.0404%
Explanation:
We need to solve for the annual convertible rate when we are given with the annual effective rate:
![(1+APR/52)^{52}=1+0.07289\\APR =( \sqrt[52]{1.07289} -1) \times 52\\](https://tex.z-dn.net/?f=%281%2BAPR%2F52%29%5E%7B52%7D%3D1%2B0.07289%5C%5CAPR%20%3D%28%20%5Csqrt%5B52%5D%7B1.07289%7D%20-1%29%20%5Ctimes%2052%5C%5C)
apr = 0.0704035593 = 7.0404%
Amount to be recorded for accounts receivable would be $15000.
<u>Explanation:</u>
Accounts receivable are lawfully enforceable cases for installment held by a business for products provided as well as administrations rendered that clients/customers have requested yet not paid for. These are for the most part as solicitations raised by a business and conveyed to the client for installment inside a concurred time span.
Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by the customers till now. So they will go in the accounts to still be receivable.
Answer:
a) $1080
b)$19080
c) Loan given | -$18000
d)$540
e)$19620
f)loan | 18000
Interest received | $1620
g) $1620
Explanation:
a) Year 1 : a) Interest income = $18000*9%*8/12 = $1080
b) The total receivable at december 31,Year = 18000+1080 = $19080
c) Year 1 :Statement of cash flow
Loan given | -$18000
d) Interest income Year 2 = $18000*9%*4/12 = $540
e) Total cash collect in 2017 = $18000+$1080 + $540 = $19620
f) Cash flow from investing activities :
loan | 18000
Interest received | $1620
g)Total interest earned = 18000*9% = $1620
Answer:
<u>a. outsourcing</u>
Explanation:
Simply put Outsourcing done by Marcus implies that he hires or goes out to find another company to perform payroll function for the company.
He feels the employees selection and training aspects of his business can best be handled within the company.
This decision may provide the following advantages to Marcus:
- Increased efficiency,
- Cost reduction,
- Eliminates recruiting and training of pay-rolling personnel.
Answer:
5.139%
Explanation:
P(Xi) = Probability of event Xi
E(X) = Expected value of X
The expected value of this investment is the weighted average of the possible returns:
The standard deviation of this investment is:
This investment has a standard deviation of 5.139%.
