What nominal rate compounded semiannually will yield the effective rate 6%? 2. Find the effective rate equivalent to 16% compounded quarterly. 3. What simple interest rate is equivalent to 15%, semi-annually for 13 years?
Q: Pattison Products, Inc., began operations in October and manufactured 48,000 units during the month…
A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…
Q: equired: 1. Record any required adjustments from the bank reconciliation in the Cash at bank…
A: Bank Reconciliation Statement
Q: Required information (The following information applies to the questions displayed below.) Assume…
A: Depreciation is the diminution in the worth of fixed assets using different methods which is applied…
Q: Buyer/Seller Entries #1 Jan. 2 Stephon Company sells $5,000 of merchandise to Blast Company with the…
A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is…
Q: Based on the following post-dosing trial balance of Rigodon Corporation on June 30, the end of its…
A: Liabilities are the sum of money owed by company to others . It is a financial obligation of company…
Q: As a rule, when the substitute obligation is lost prior to substitution, the obligation becomes a…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: jos= dition esolutory
A: The answers have been mentioned below.
Q: Force Corporation has one temporary difference at the end of 2020 that will reverse and cause…
A: A journal entry is the first step—and an essential function—of the accounting process. Journal…
Q: Selected balance sheet accounts for Tibbetts Company on September 30, 2019, are as follows: $ 48,000…
A: Working capital means difference between total current assets and total current liabilities. It is…
Q: 12. Arreaga Corp. has a tax rate of 40 percent and income before non-operating items of €262,000. It…
A: Income tax is a type of tax levied by authorities on income earned by businesses and individuals…
Q: U Bee docs.google.com @ P Corporation issued 10,000 shares of common stock with a fair value of $25…
A: The difference between purchase consideration and net assets leads to goodwill. In the given case,…
Q: Reproduction value is the A. Estimate of cost of reproducing, creating , developing or manufacturing…
A: Answer A is correct Explanation:- Reproduction value is the estimate of cost of reproducing,…
Q: Flaherty, Inc., has just completed its first year of operations. The unit costs on a normal costing…
A: The absorption costing includes both variable and fixed cost whereas variable costing includes only…
Q: What is the cash dividends per share paid to the preferred and common stockholders during each of…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: The net income of ABC before reflecting any corrections was 1,780,000. Determine the corrected net…
A: As per our protocol we provide solution to the one question only but as you have asked three…
Q: As the desire decreases for a given materiality amount, the sample size necessary to test an…
A: Auditing and Assurance
Q: The following data represents the summarized transactions of XYZ Trading for the year 20CY, its…
A: Adjusting entries are the journal entries passed at the end of the accounting year in order to…
Q: Lathrop has a 5%, $40,000 note receivable from the sale of merchandise on January 1, 2020. The note…
A: The collectibility of note = $15000 which is after end of 4th year from December 31,2020
Q: Which of the following statements is CORRECT? Select one: a. Stock splits create more administrative…
A: Stock Split- In a stock split, existing shares split but the underlying cost remains the same. As…
Q: On January 1, 2020, ER Corp. purchased a truck for $100,000, with an estimated useful life of 8…
A: Depreciation rate as per double declining balance method = 2/useful life
Q: shock in a flexible exchan
A: A movement along the aggregate demand curve, such as a change in monetary policy under flexible…
Q: Calculate the cost of the raw materials used in production during the year.
A: Cost accounting is one of the important branch of accounting. Under this, several type of costs are…
Q: balance at 3.80% compounded monthly. Mr. Harrington will make a payment of $7000 4 months from now…
A: Periodic Interest rate (i) is the rate of interest after considering the compounding periods. It is…
Q: The fact that workers are unable to meet a property determined direct labor standard is sutfidient…
A: Standards are the expected performance which is required to be achieved or could be achieved with…
Q: Unit Costs, Inventory Valuation, Variable and Absorption Costing Snyder Company produced 90,500…
A: The variable costing system does not include the fixed manufacturing cost while calculating the…
Q: Calculate the cost of goods manufactured for the year.
A: Introduction:- The following formula used to calculate COGM as follows under:- =Direct Materials +…
Q: Today, Cari purchased a car worth P1.5 million. A down payment of P150,000.00 has been made, and the…
A: Amortization of Loan Calculation of Equalized Payment ( instalment )
Q: A business combination in which the boards of directors of the potential combining companies…
A: An unfriendly merger occurs when the management does not agrees but the shareholders do agree.…
Q: Based on the following information provwded by Max Trading Company on December 31, 200C, the end of…
A: Gross profit is calculated by subtracting the Total cost of goods sold from the Net sales. Gross…
Q: predetermined OH rate for 2010: Expected overhead other than rework $850,000 Expected rework costs…
A: Overhead application (OA) refers to the assignment of the cost of factory overhead to the produced…
Q: What can government (if anything) do to adapt to the changes before the end of fiscal year if their…
A: budget is prepared by the government in order to record the all expenditure and all the revenue that…
Q: The policy implications of the Keynesian income determination model are as follows Counter-cyclical…
A: Answer:- Keynesain income determination:- The equilibrium level of national income is established…
Q: Merchandise with a list prike of P 20,000 was purchased under the terms 2/10, n/30 vith trade…
A: Purchase term: 2/10, n/30 means if payment is made within 10 days from Invoice date, a discount of…
Q: On December 31, 2019, IT’S OKAY NOT TO BE OKAY COMPANY subjected to impairment test its trademark.…
A: Introduction Depreciation means the decrease in value of assets due to tear obsolete and old…
Q: Compute the partners' capital balances at the end of 2012 under the following independent…
A: The partner's capital account is the account in which all transactions between the partner and the…
Q: Determine if this shall result in recognition of liabilities 18.Sale of non-refundable tickets for…
A: A liability is recognized in the balance sheet when it is probable that an outflow of resources…
Q: The fair value is the value of an asset as it appears on the balance sheet. O True O False
A: The balance sheet is one of the financial statements of the business, which represents the financial…
Q: Cari Tank (CT) produces and sells water tanks for the Regional market. The following are estimates…
A: Break even (units)=Fixed annual costSelling Price-Variable cost per unit Sale at desired profit…
Q: semiannual interest payment was made day before (December 31). The entry to retire the bonds does…
A: Solution:- Preparation of journal entry as follows under:- Note:- Journal at the time of retire of…
Q: It is the responsibility of the board of directors to: Ensure that the financial report is O…
A: The responsibilities of an auditor and the board of directors of a company differs with each others.…
Q: general fund uses the consumption method to record invento ventories are $10,000, purchases are…
A: The consumption method refers to the type of inventory method under which the purchases transactions…
Q: Assume thet e compeny makes oriy one product meinteins no beginring or encing inventories, and uses…
A:
Q: Income Statements, Variable and Absorption Costing The following information pertains to Vladamir,…
A: Variable costing income statement The variable costing income statement is a statement prepared by…
Q: Question 23 Based on the following information provided by Max Trading Company on December 31, 2000,…
A: Solution.. Net sales = Sales - sales return and allowances - sales discount = P780,000 -…
Q: ANSWER ALL 1. which of the following journal entries can be eleminated? a. correcting entry b…
A: According to this question, we explain those topics to support the correct answer. Question-1)…
Q: What is the journal entry to record the formation of the partnership? Charlie and Brown form a…
A: Partnership:- It is the formal agreement between two or more people to jointly operate a company.…
Q: On January 1, 2022, Annibelle Company received a grant of P9,000,000 from the foreign government in…
A: Government grants are grants received by the company from government in monetary form, where these…
Q: What is the correct choice? Datamatix Company has gathered the following data: Unit Sales…
A: Introduction:- Calculation of the weighted average contribution margin ratio as follows:-
Q: Give 2 takeaways in the importance of Non-Legal Law in Business Law and Give 1 Takeaway in the…
A: Business law refers to the law body which dealt with the commerce as well as business and it is…
1. What nominal rate compounded semiannually will yield the effective rate 6%?
2. Find the effective rate equivalent to 16% compounded quarterly.
3. What simple interest rate is equivalent to 15%, semi-annually for 13 years?
Step by step
Solved in 3 steps
- What rate compounded monthly is equivalent to simple interest rate of 12 1/3% for 3 years?1. What effective interest rate is equivalent to 14 % per year, compounded semi- annually? Answer: i= 14.49% 2. What is the corresponding nominal rate, compounded monthly for an effective rate of 16.5%? Answer: r 15.37%1. If the nominal annual interest rate is 15%, what is the effective interest rate when interest is compounded: Annually
- Answer the following Compound Interest problem using the provided formula ONLY. Show your complete solution. 11. Compound Interest What rate in percent compounded monthly is equivalent to 18% compounded semi-annually? 14. When compounded bi-monthly, P150,000 becomes P223,183 after 5 years. What is the nominal rate of interest?What is the effective interest rate per payment period for an interest rate of 12% compounded monthly when the payment is quarterly ? Select one: a.0.06 b. 0.5 c. 0.12 d. 0.4 e.0.03Answer the following Compound Interest problem using the provided formula ONLY. Show your complete solution. 7. Compound Interest A. If the sum of P 12,000 (pesos) is deposited in an account earning interest rate of 9% compounded quarterly, what will it become after 1 year? B. In the previous problem, what is the effective rate? C. What is then the equivalent nominal interest rate if compounded monthly?
- What is the effective annual interest rate when 12% per year is compounded quarterly? 0.13 or 0.23?Determine the simple interest. The rate is an annual rate. Assume 360 days in a year. p=$280, r=7.25%, t=2.75 years The simple interest is Suppose that a savings account pays an effective rate of interest of 11.7 percent. What is the equivalent annual compound interest rate if interest is compounded semi-annually? Answer = %?
- An investment pays you 9% interest, compounded quarterly. What is the periodic rate of interest? What is the nominal rate of interest? What is the effective rate of interest?What is the nominal annual interest rate if the effective annual rate is 5.5% and compounding is continuous?Given an interest rate of 6.5 percent per year, what is the value at date t = 8 of a perpetual stream of $900 payments with the first payment at date t = 17?