A(n) 12% APR with monthly compounding is closest to ________
A) an EAR of 10.14%
B) an EAR of 15.22%
C) an EAR of 12.68%
D) an EAR of 25.36%
Answer: C
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The Parent Company acquired 80% of the Sub Corporation's voting stock on January 1, 2018. Which of the following is not an accurate description of the consolidated balance sheet on January 1, 2018?
A. Consolidated assets do not include the Investment in Sub account. B. Consolidated assets will include goodwill if the imputed total business fair value of Sub is in excess of the fair value of Sub's identifiable assets. C. Consolidated stockholders' equity does not include the stockholders' equity of the Sub Corporation. D. The fair value of both Parent's and Sub's assets are included within the consolidated balance sheet.
The third year of a construction project began with a $30,000 balance in Construction in Progress. Included in that figure is $6,000 of interest capitalized in the first two years. Construction expenditures during the third year were $80,000 which were incurred evenly throughout the entire year. The company has had over $300,000 in interest-bearing debt outstanding the third year, at a weighted
average rate of 9 percent. How much interest for the third year is capitalized? a. $3,600 b. $6,300 c. $9,360 d. $9,900
If the goods are rejected for nonconformance, the cost of inspection can be recovered from the seller
Indicate whether the statement is true or false
Roy is building his personal brand, so he should
A) list his most important needs for development. B) compare himself to his favorite brands, such as Nike or Chevrolet. C) give himself a clever name, such as "Resilient Roy." D) think through his basket of strengths.