Suppose the periodic rate for six month sis 4%. Is the equivalent periodic rate for three months
Question:
(i) Equal to 4% × 3/6 = 2%?
(ii) Less than 2%?
(iii) Greater than 2%?
Answer the question without doing any calculations. Explain your choice.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
The equivalent periodic rate for 3 months is ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Suppose the periodic rate for one month is 0.5%. Is the equivalent periodic rate for six months (pick one): (i) Equal to 6(0.5%) = 3%? (ii) Less than 3%? (iii) Greater than 3%? Answer the question...
-
Assume that you are nearing graduation and that you have applied for a job with a local bank. As part of the banks evaluation (interview) process, you have been asked to take an exam that covers...
-
Interest Rate Swap On January l, 2013, Marshall Corp. issues $10,000,000 in 4 percent fixed rate debt with interest payments due every six months. Concurrently, Marshall enters into a plain vanilla...
-
Fill in the missing amounts for the following bank reconciliation: Practice Exercise3 Bank Reconciliation March 31,20 Bank Statement Balance $3,764.00 Add: Deposit in transit $4,031.00 Deduct:...
-
P Company acquired a 100% interest in S Company. On the date of acquisition the fair value of the assets and liabilities of S Company was equal to their book value except for land that had a fair...
-
List seven major factors that determine a watershed's response to a given rainfall.
-
Use the LIL (Corollary 12.2) to give an alternative proof for the fact that a onedimensional Brownian motion oscillates in every time interval \([0, \epsilon]\) infinitely often around its starting...
-
Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on direct labor costs. The president has heard of activity-based costing...
-
provide a list of possible accounts that will be used in the company, comprising at least ten accounts. These accounts must encompass the three accounting elements (Assets, Liabilities, Equity)"...
-
WAR (We Are Rich) has been in business since 1985. WAR is an accrual method sole proprietorship that deals in the manufacturing and wholesaling of various types of golf equipment. Hack & Hack CPAs...
-
From a lenders point of view, would you rather disclose to borrowers the nominal interest rate or the effective interest rate?
-
To be equivalent to 10% compounded annually, what must be the nominal rate with: a. Semiannual compounding? b. Quarterly compounding? c. Monthly compounding?
-
What is the wavelength of an electron accelerated through a 30.0-kV potential, as in a TV tube?
-
A new wine company can lease a storefront or purchase a small building. The lease will cost $1,700 per month and run for ten years. The alternative is to purchase a building by taking out a loan for...
-
What rules govern the internal management of a company? Can these rules be varied? If so, how?
-
Suppose a man who has been accused of a crime cannot afford a lawyer to help with his defense and the officers who have detained him have not allowed him to call anyone; they also have not provided...
-
Explain the concept of victim precipitation and Discuss the relationship between violence and gun control. In your assessment, does gun control work? please keep short and simple thankyou !
-
What are the tax deduction schemes available for use on transfer tax returns in the Philippines. Please explain and give an example.
-
Locate the centroid of the volume formed by rotating the shaded area about the aa axis. 2=2y- N -3 m -1 m. a a y
-
The tractor is used to lift the 150-kg load B with the 24-mlong rope, boom, and pulley system. If the tractor travels to the right at a constant speed of 4 m/s, determine the tension in the rope when...
-
On January 1, the total market value of the Tysseland Company was $60 million. During the year, the company plans to raise and invest $30 million in new projects. The firms present market value...
-
Suppose the School Company has this book value balance sheet: The current liabilities consist entirely of notes payable to banks, and the interest rate on this debt is 10 percent, the same as the...
-
A summary of the balance sheet of Travelers Inn Inc. (TII), a company which was formed by merging a number of regional motel chains and which hopes to rival Holiday Inn on the national scene, is...
-
If the supply of salmon decreases more than when the demand for salmon increases explain what happens to its equilibrium price. The sure to include a graph to prove your answer. What could cause each...
-
Printing Plus, Lynn Sanders' printing service company. We will analyze and record each of the transactions for her business and discuss how this impacts the financial statements. More detail for each...
-
You are an expatriate employee completing your overseas assignment and you just received your final performance appraisal. You feel it did not provide an accurate assessment of your performance and...
Study smarter with the SolutionInn App