Answer:
The effective annual rate on loan would be 8.24%
Explanation:
Formula for Effective annual rate ( EAR ) -
(1 + APR / Number of compounding periods in a year) ^ (Number of compounding periods in a year) - 1
where, the APR IS 8% ,
Number of compounding periods - 4 quarters
So now putting these values in the formula -
(1+8% / 4) ^4 - 1
= (1 + 2%) ^4 -1
= (1 + .02)^4 -1
= (1.02)^4 - 1
= 1.08243216 - 1
= .08243216
Now multiplying this by 100 to make it in percentage
= 8.24% ( approximately )
Answer:
$17,867
Explanation:
The computation of the overhead cost assigned to Product V8 is shown below:
<u> (a) (b) (a × b) c (a × b × c) </u>
<u>Overhead Activity Overhead Driver ABC V8 V8 </u>
<u> driver amount quantity Rate Driver Overhead
</u>
Maching
Costs Machine
Hours $11,700 10000 1.17 3100 3627
Order
filling No of orders $17,800 1000 17.8 800 14240
Total V8 overhead cost assigned is
= $3,627 + $14,240
= $17,867
Answer:
The value of this firm to shareholders is $70240
Explanation:
Using expected value approach, the value of the firm can be computed as :
(Optimistic value*its probability)+(pessimistic value*its probability)
optimistic value=$139000 and its probability is 68%=0.68
Pessimistic value=$121000 and its probability is 1-0.68=0.32
Expected value=($139000*0.68)+($121000*0.32)
=$133240
However, the value to shareholders is the expected value of the firm less debt of $63000
Equity value=$133240-$63000
=$70240
Answer:
b)Timing differences between the bank statement and the depositor's records are reflected in the bank reconciliation.
c) The bank reconciliation is useful in proving the accuracy of the Cash account in the general ledger.
d) We must reconcile the balance of the bank's records and the Cash account in the general ledger and explain or account for any differences in the two
Explanation:
The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.
These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.
Answer:
The correct answer is letter "B": Fair Labor Standards Act.
Explanation:
The Fair Labor Standards Act or FLSA is the U.S. federal law that sets regulations on employees' payments. The FLSA aims to provide fair wages to all workers by <em>establishing minimum wages</em>, compensations for overtime work, and it also builds barriers for child labor.
