LeGo Financials offer two investment plans. Investment A pays 9 percent interest compounded monthly, whereas Investment B pays 10 percent interest compounded semiannually. What are the effective annual rates of Investment A and Investment B?
A. 9.38 percent and 10.50 percent, respectively
B. 9.38 percent and 10.25 percent, respectively
C. 9.75 percent and 10.25 percent, respectively
D. 9.75 percent and 10.50 percent, respectively
E. 9.94 percent and 10.45 percent, respectively
Answer: B
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A company has $200 in cash, $500 in accounts receivable, and $700 in inventory. If current liabilities are $400, then the current ratio would be
a. 1.75 to 1 b. 2.25 to 1 c. 3.00 to 1 d. 3.50 to 1
Research has consistently shown firms that achieve both cost and differentiation advantages tend to perform
A. higher than firms that achieve either a cost or a differentiation advantage. B. about the same as firms that are "stuck-in-the-middle." C. at about the same level as firms that achieve either cost or differentiation advantages. D. lower than firms that achieve differentiation advantages but higher than firms that achieve cost advantages.
Bernstein Inc Bernstein Inc is a local retailer. The following selected information is available from their 2011 and 2012 financial statements: Accounts receivable at 12/31/11 $ 160,000 Accounts receivable at 12/31/12 240,000 Inventory at 12/31/11 300,000 Inventory at 12/31/12 360,000 Net credit sales for 2012 3,400,000 Cost of goods sold for 2012 1,980,000 Net income for 2012 1,000,000 Refer to
the Bernstein Inc information above. What was Bernstein's accounts receivable turnover ratio for 2012? (round to two decimal places) A) 2.50 B) 5.00 C) 8.50 D) 17.00
Which of the following is true of the subjects of bargaining?
A) Failure to bargain over subjects such as rates of pay, wages, and working hours are acceptable labor practices. B) Issues like the commitment of capital and the basic scope of the enterprise are subjects that parties must mandatorily bargain over. C) Inclusion of a permissive subject in the bargaining process in one year makes that subject an issue of mandatory bargaining in any future contract. D) Contract clauses that would require unlawful discrimination by the employer are illegal terms that are excluded from the bargaining process.