Suppose the periodic rate for one month is 0.5%. Is the equivalent periodic rate for six months
Question:
(i) Equal to 6(0.5%) = 3%?
(ii) Less than 3%?
(iii) Greater than 3%? Answer the question without doing calculations. Explain your choice.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (12 reviews)
The equivalent periodic rate for 6 months is more th...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Suppose the periodic rate for six month sis 4%. Is the equivalent periodic rate for three months (pick one): (i) Equal to 4% 3/6 = 2%? (ii) Less than 2%? (iii) Greater than 2%? Answer the question...
-
The stock of Socrates Motors is currently trading for $40 and will either rise to $50 or fall to $35 in one month. The risk-free rate for one month is 1.5 percent. What is the value of a one-month...
-
Again assume that the price of Socrates Motors stock will either rise to $50 or fall to $35 in one month and that the risk-free rate for one month is 1.5 percent. How much is an option with a strike...
-
United Research Associates (URA) had received a contract to produce two units of a new cruise missile guidance control. The first unit took 4,000 hours to complete and cost $ 30,000 in materials and...
-
Padilla Company acquired 90% of the outstanding common stock of Sanchez Company on June 30, 2011, for $426,000. On that date, Sanchez Company had retained earnings in the amount of $60,000, and the...
-
Assume that the childhood asthma prevalences in Exercise 31 are normally distributed. Are you more likely to randomly select 1 city with childhood asthma prevalence less than 3.2% or to randomly...
-
Explain the importance of maintaining complete and accurate records.
-
Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.9 million. The fixed asset will be depreciated straight-line to zero over its...
-
Grouper Limited had net sales in 2023 of $2.1 million. At December 31, 2023, before adjusting entries, the balances in selected accounts were as follows: Accounts Receivable $261,300 debit; Allowance...
-
20. Up to how many hosts can be placed in the subnet which currently reads 'XX' hosts? 192.168.0.0/25 113 Hosts 192.168.1.128/27 XX Hosts Ans: 192.168.1.160/30 2 Hosts 192.168.0.128/25 70 Hosts...
-
In your search for the best rate on a new-car loan, you note that various lenders quote rates with differing compounding frequencies. Your car dealer offers financing at 7.5% compounded monthly. For...
-
How much will an investment of $100 be worth after 20 years if it increases in value by 25% in each of 10 years, but declines by 20% in each of the other 10 years?
-
A salesperson if lucky can sell $200,000 if she works hard, and if the salesperson is lucky but does not work hard she will sell $150,000. If she is unlucky, she can sell $150,000 if she works hard...
-
A. Dodds started in business on 1 January 2011 with 40,000 in a bank account. Unfortunately, he did not keep proper books of account. He must submit a calculation of profit for the year ending 31...
-
The trial balance extracted from the books of Tailor Times Ltd at 31 December 2012 was as follows: You are given the following additional information: (i) The authorised and issued share capital is...
-
The trial balance of Happy Bookkeeper Ltd, as produced by its bookkeeper, includes the following items: You have been given the following information: (i) The sales ledger debit balances total...
-
If we pass a pointer to an array as a function parameter, must we use pointer notation to access the elements of the array?
-
Flyer Ltd started in business on 1 April 2011. Its issued share capital was 200,000 ordinary shares of 1 each and 100,000 5 per cent preference shares of 1 each. The following information is...
-
Using the description of the solid region, set up the integral for (a) The mass (b) The center of mass (c) The moment of inertia about the z-axis. The solid in the first octant bounded by the...
-
What steps must a business take to implement a program of social responsibility?
-
It is estimated that the maintenance cost on a new car will be $40 the first year. Each subsequent year, this cost is expected to increase by $10. How much would you need to set aside when you bought...
-
A young engineer wishes to become a millionaire by the time he is 60 years old. He believes that by careful investment he can obtain a 15% rate of return. He plans to add a uniform sum of money to...
-
The council members of a small town have decided that the earth levee that protects .the town from a nearby river should be rebuilt and strengthened. The town engineer estimates that the cost of the...
-
Sandy Bank, Incorporated, makes one model of wooden canoe. Partial information is given below. Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $510 each....
-
FIFO and LIFO costs under perpetual inventory system The following units of an item were available for sale during the year: 29 units at $44 Beginning inventory Sale 26 units at $64 First purchase 15...
-
Pie Corporation acquired 75 percent of Slice Company's ownership on January 1, 20X8, for $93,000. At that date, the fair value of the noncontrolling interest was $31,000. The book value of Slice's...
Study smarter with the SolutionInn App