If the company can sell all the products it produces. the total contribution margin per machine hour is : 1. 2.
How to find the contribution margin?Selling price per unit minus variable cost per unit is contribution margin per unit for Product A.
For Product A, the contribution margin per unit is $14 minus $11.
For Product A, the contribution margin per unit is $3.
Selling price per unit minus variable cost per unit is contribution margin per unit for Product B.
Product B's contribution margin per unit is $12 minus $8.
For Product B, the contribution margin per unit is $4.
The contribution margin per machine hour for each product can then be calculated as follows:
For Product A, the contribution margin per machine hour is calculated as follows: Contribution margin per unit / Unit machine hours
Contribution margin for Product A every machine hour is equal to $3 / 3.
For Product A, the contribution margin per machine hour is $1.
For Product B, the contribution margin per machine hour is calculated as follows: Contribution margin per unit / Unit machine hours
Contribution margin for Product B per machine hour is $4 / 5.
For Product B, the contribution margin per machine hour is $0.8.
The overall contribution margin per machine hour can then be determined as follows:
overall contribution margin per machine hour = ($1 x 1) + ($0.8 x 0.2)
overall contribution margin per machine hour = $1.2
Therefore the contribution margin is $1.2.
Learn more about contribution margin here:https://brainly.com/question/24881206
#SPJ1
HURRRYYYY PLEASE HELP ME ASAP!!!!
1, Select a company with an international presence that you are familiar with or that you learn about by searching the internet
2.Identify the laws, treaties, acts, and governing bodies (e.g. U.N., WTO, and IMF) that impact their business.
3.Explain the impact these laws, treaties, acts, and governing bodies have on their business.
4.Differentiate the impact of those various laws etc. on their business abroad from the impact of similar things on their business in the United States.
Please provide citation and reference to sources. Quoted language must be put inside quotation marks
The WTO has a major impact on Toyota in a similar manner.The WTO's primary responsibility is to negotiate trade regulations among its members. As a result, the WTO regulations have a big impact on the Toyota industry.
The company is permitted to import and export the medicine in accordance with WTO regulations. The WTO may have both beneficial and bad effects on enterprises.
Toyota was able to enhance product exports with the help of the WTO. As the WTO upholds the organization's viewpoint to comply with WTO regulations and rules, the company's sales rate has increased.
However, the WTO also has a detrimental effect on Toyota's operations. Due to the substantial influence of its quantity of exports, the World Trade Organisation has continually raised the tariff ceiling. Therefore, it is conceivable to assert that the WTO has an impact on the Toyota company both advantageously and badly.
Learn more about WTO, here:
https://brainly.com/question/30199694
#SPJ1
Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $19.00 per direct labor-hour and $15.00 per direct labor-hour, respectively. The company’s direct labor wage rate is $21.00 per hour. The following information pertains to Job N-60: Assembly Testing & Packaging Direct materials $ 375 $ 39 Direct labor $ 168 $ 84 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job?
The total manufacturing cost assigned to Job N-60 is $ 696. If Job N-60 consists of 10 units, the unit product cost for this job is $111.00.
How to find the manufacturing costs ?Direct materials (Assembly + Testing & Packaging) = $375 + $39
= $414
Direct labor (Assembly + Testing & Packaging) = $168 + $84
= $252
Overhead applied (Assembly + Testing & Packaging) = $19 * 168 + $15 * 84 = $316 + $126
= $442
Total manufacturing cost = $414 + $252 + $442
= $1110
Unit product cost = Total manufacturing cost / Number of units
= $1110 / 10
= $111.00
Find out more on manufacturing costs at https://brainly.com/question/24171150
#SPJ1
Madison Inc. stock price moves from $95 to $65 and also pays $7 in dividends at the end of the period. What is the rate of return on Madison Inc. stock over this period as a percent to two places.
Answer:
-24.21%
Explanation:
The rate of return of a stock is the sum of the stock price appreciation and the dividend yield
price appreciation = change in price level = (new price - old price) / old price ($65 - $95) / $95 = -0.3158
dividend yield = dividend / initial price $7/$95 = 0.07368
Rate of return = 0.07368 - 0.3158 = -0.2421 = -24.21%
Which of the following examples is the best way to search for dogs but not a
particular breed?
A. dog-Chihuahua
B. dog+Chihuahua
C. dog -Chihuahua
D. dog +Chihuahua
The best way to search for dogs but not a particular breed is dog -Chihuahua.
What is search?To search is to look for something or get a particular information about a subject. It involves carefully looking out for. A search can be done on the internet to generate information.
dog+Chihuahua will give the Chihuahua breed of dog likewise others.
Therefore, The best way to search for dogs but not a particular breed is dog -Chihuahua.
Learn more on breed here,
lhttps://brainly.com/question/1198392
#SPJ1
Unethical practices can take place during recruitment. Explain
Explanation:
1. Rusing :
rusing occurs when a recruiter assumes an alias during a phone call to a potential clients or candidate, Most often to convince a gatekeeper that deer call to a sincere cooperate leader is personal confident and / or urgent .
2. Double Rusing :
as with other business discipline there is a such of things as conflict of interest. for example as a recruiter at an agency, you don't recruit candidates from clients who are you to feel other jobs it's just common courtesy and common sense .
Liebeck v. McDonald's
Do you agree with the end result of this case? Why or why not?
Whether or not someone agrees with the end result of the case is a matter of personal opinion and perspective.
In the Liebeck v. McDonald's case, the plaintiff, Stella Liebeck, sued McDonald's after suffering third-degree burns from hot coffee that she spilled on herself while in a car. She argued that the coffee was too hot and that McDonald's was negligent in serving it at such a high temperature. The jury awarded Liebeck $2.7 million in damages, which was later reduced to $640,000 on appeal.
Some people argue that the end result of the case was justified, as McDonald's had a duty to ensure that its products were safe for consumers and should have known that serving coffee at such a high temperature could cause harm. Others, however, argue that the damages awarded were excessive and that Liebeck was partially responsible for her own injuries by spilling the coffee.
for more questions on case
https://brainly.com/question/27968241
#SPJ11
To use an outline for writing a formal business document, what should you do
after entering your bottom-line statement?
O A. Write a topic sentence for every detail.
B. Enter each supporting detail from the outline on a separate line.
C. Enter each major point from the outline on a separate line.
OD. Move the bottom-line statement to the end of the document.
To use an outline for writing a formal business document, B. Enter each supporting detail from the outline on a separate line.
How to enter the bottom - line statement ?To create a well-constructed formal business document, the following step after composing your fundamental statement would be to denote each supportive data extracted from the outline onto separate lines.
This modus operandi will in turn aid you in sequencing your thought process resulting in producing an all-encompassing precisely formatted document. Upon completion of inserting your supportive information, commence making noted phrases in regards to each detail and systematically putting them into proper order.
Find out more on bottom - line statements at https://brainly.com/question/8630249
#SPJ1
Evaluate whether Min-Chul is right to focus more on non-financial motivators than financial
motivators to attempt to motivate employees.
The most prevalent financial motivations occur at work and entail monetary rewards. These are your extrinsic motives, often known as carrots and sticks, which are used to encourage and reward employees for specific achievement behaviors.
Financial incentives drive workers and make them aware of what they stand to gain or lose depending on their performance when they are effectively conveyed. The employee can more easily provide for their families and materially better their lives outside of work thanks to this kind of inducement. Financial incentives can also raise short-term morale and productivity.
Naturally, not everyone is driven by money, and Gallup has discovered that there is no connection between engagement and pay scale. In addition, because of their monetary character, financial motivators frequently have declining returns. Less frequent non-financial motivators are frequently intangible and do not explicitly involve money. These can take various forms, such as acknowledgment, increased accountability and faith in a position, involvement in decisions, adaptable schedules, mentoring, feedback, and others.
Learn more about financial-motivators here:
https://brainly.com/question/9880948
#SPJ1
Select the correct answer.
To qualify as a business analyst, which degree or certification should you ideally have?
O A.
bachelor's degree in software testing
OB.
bachelor's degree in business administration or information technology
C.
bachelor's degree in quality assurance
D.
master's degree in social sciences
Answer:
B
Explanation:
Just took the test
when stock is issued in exchange for a noncash asset, the value recorded for the shares issued is best determined by the book value of the noncash asset. the market value of the shares. the par value of the shares. the contributed capital of the shares.
It is expected that the asset's value and the stock's worth are equivalent when stock is issued in exchange for non-cash assets. Take note that the issue price per share is the same as the par value. It is possible to determine the stock's worth, and the land's value is set at the same sum.
What is stock ?All the shares that make up a corporation or company's ownership make up its stock. A single share of stock represents a fractional ownership interest in the company based on the total number of shares.
The amount that shareholders would get if a firm was liquidated and all of its debts were settled is known as the book value of a stock. The difference between a company's total assets and its liabilities is hence its book value.
Thus, It is possible to determine the stock's worth, and the land's value is set at the same sum.
To learn more about stock, follow the link;
https://brainly.com/question/28663581
#SPJ1
Question 7 of 10
Business health insurance plans are
A. required
B. varied
C. non-existent
D. uniform
so
Which of the following budgeting options increases the marketing budget by the rate of the company's inflation?
rule of thumb budgeting
objective and task budgeting
competitive budgeting
arbitrary budgeting
Answer:
D. objective and task budgeting I believe
Explanation:
Really difficult, but not impossible, to determine the tasks necessary to reach goals and estimating the costs associated with tasks
Variable manufacturing costs are $150 per unit and fixed manufacturing costs are $75,000. Sales are estimated to be 6,000 units. How much would absorption costing income from operations differ between a plan to produce 6,000 units and a plan to produce 7,500 units?
Answer:
If 7,500 units are produced, income will increase by $2.5 per unit
Explanation:
Giving the following information:
Variable manufacturing costs are $150 per unit and fixed manufacturing costs are $75,000.
We need to determine the difference in income if 7,500 units are produced instead of 6,000.
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
The difference is in the unitary fixed manufacturing overhead.
For 6,000 units:
unitary fixed manufacturing overhead= 75,000/6,000= $12.5
For 7,500 units:
unitary fixed manufacturing overhead= 75,000/7,500= $10
If 7,500 units are produced, income will increase by $2.5 per unit
. Discuss and Implement the Price Adjustment Strategies in current market. Apply each strategy with 3 examples along with picture. (10 Marks) (200 Words)
Answer:
There are many different price adjustment strategies which can be implemented in the current market.
Explanation:
Psychological pricing:
Psychological pricing is a strategy in which the price of a product is displayed with mostly one cent difference so the whole number shown is less by $1 and this difference can get higher if the price of the product is more.
Example 1: The price for a toy in a toy shop is $4.99, if rounded this will be $5 but the whole number visible is $4.
Example 2: The price of a laptop is $193, this again is nearly $200 but the price is reduced by $7 in order to influence their customers into buying the product.
Example 3: The price of a car is $35,995, this again is about $36,000 but the buyer may be influenced by this technique and result in purchasing the product with such price.
Geographical Pricing:
Geographical pricing is a strategy where different prices are charged in different outlets, this strategy is made keeping in mind the purchasing power of the locality, if the local people can pay higher price for a product then the price is high there but same product may have a lower price in an area where people can not pay high price.
Example 1: Price of a T-shirt is $15 in a posh area while the price of the same T-shirt is $5 in an area with poor locality.
Example 2: Price of a hair brush is $10 in a poor area while the same brush is available in a posh area at a rate of $35.
Example 3: Price for a food item is $6 in a restaurant in posh area while the same burger is available for $3 in a restaurant in a poor area.
Prepare a comparative income statement for any company extracting their P&L statement for the years 2020-21 & 2021-22. Analyse the incline and decline in the different elements in the P&L Statement and provide detailed insights.
Answer:
this is my own answer
Explanation:
hi
How to Prepare a Comparative Income Statement?
Step 1: Specify absolute figures of items like goods sold, net sales, selling expenses, etc., relating to the accounting period under consideration for analysis.
Step 2: Calculate the absolute change in the items mentioned in the income statement.
Compile a job advertisement for a receptionist vacancy
Answer:
RECEPTIONIST NEEDED - FRONT DESKJustJay Limited is looking to hire a young and vibrant young person to join
our team as a receptionist for the front desk.
ResponsibilitiesWelcoming clients and prospective clients.Handling both outgoing ang incoming calls to route them as required. Handing mail logistics.Carrying out other Administrative duties as required. QualificationsAge between 21 and 28Computer literateMust possess great Interpersonal skillsMust be a team playerGED holders are welcome to apply. Experience in similar role would be an added advantage.WE OFFER ATTRACTIVE PACKGAGES.
Send us your CV at hrjustjayltd . com or contact us on 1 - 585 - 244 - 8522.
The Student Engineers Council at a certain college has one student representative from each of the five engineering majors (civil, electrical, industrial, materials, and mechanical). In how many ways can
a. Both a council president and a vice president be selected?
b. A president, a vice president, and a secretary be selected?
C. Two members be selected for the Dean's Council?
(a)There are 20 different ways to choose a vice president and council president.
(b) The choice of a president, vice president, and secretary can be made in 60 different ways.
(c)The steps below investigate 10 different selection processes for the President's Council's two members.
Detailed explanation:-At a university in California, each of the five engineering majors has a student representative on the Student Engineers Council.
(a) Determine how many different options there are to choose a council president and vice president using the formula below:
The number of methods to choose a council president and vice president is 5P2 = 5!/(5-2)! = 20 because the sequence of selection is crucial.
There are so 20 possible ways to choose a vice president and a council president.
(b)
Calculate how many ways there are to choose a president, a vice president, and a secretary using the formula below:
The number of methods to choose a president, a vice president, and a secretary is: Again, the order of choosing is crucial.
⁵P₃ = 5!
/(5-3)! = 60
Consequently, there are 60 options for choosing a president, vice president, and secretary.
(c) The President's Council will now pick two new members.
Two members can be chosen in the following ways, as the order of selection is not crucial:
(⁵₂) = 5!/(5-2)!.
2! = 5!/3! x 2! = 10
There are so ten different ways to choose two people for the President's Council.
To Know more about representative
https://brainly.com/question/13246446
#SPJ9
If you start investing a little money now you will most likely have a lot more
money than those who start investing later on in life.
A.True.
B.False
Braun Company has one service department and two operating (production) departments. Maintenance Department costs are allocated to the two operating departments based on square feet occupied. Listed below are the operating data for the current period: Department Direct Expenses Square Feet Maintenance $ 25,500 Milling 76,500 10,000 Assembly 105,400 15,000 The total cost of operating the Assembly Department for the current period is: rev: 12_17_2020_QC_CS-243789 Multiple Choice $91,800. $115,600. $105,400. $120,700. $130,900.
Answer:
$120,700
Explanation:
Calculation to determine what The total cost of operating the Assembly Department for the current period is
First step is to Allocate Maintenance costs to Assembly department
Assembly=$25,500 × (15,000/25 000) >= $15,300
Now let calculate the Total Assembly costs
Total Assembly costs= $105,400 + 15,300
Total Assembly costs= $120,700
Therefore The total cost of operating the Assembly Department for the current period is $120,700
Lexi buys a food processor and uses it without any problems. She loans the processor to Jill, and Jill is injured when a part flies off the machine. If the former rule of privity of contract were in place, which of the following would be true?
Answer:
Jill cannot hold the manufacturer responsible for her injury.
Explanation:
The above question is incomplete as there are several answer options which are listed below;
• Jill can hold the manufacturer liable for her injury as long as Lexi was in the room when she got
• Jill can hold the manufacturer liable for her injury
• Jill cannot hold the manufacturer responsible for her injury
• Lexi can hold the manufacturer liable for Jill's injury.
The above answer - Jill cannot hold the manufacturer responsible for her injury, is true according to the rule of privity of contract. The rule states that a person who is not a party to a contract does not have right to sue or be sued and to enforce the obligations arising from the contract, unlike a person who is a party to the contract.
With regards to the above scenario, Lexi, who buys a food processor is the party to the contract here, hence can sue and be sued in case of any injury suffered by her, however, Jill whom food processor was loaned to, is the third party here, hence not covered by the rule of privity of contract.
Banks offer various types of accounts, such as savings, checking, certificate of deposits, and money market, to attract customers as well as meet their specific needs.
a. True
b. False
Answer:
it's false.. because those are not the various types of account.
Which resources would be classified as a land factor of production?
A)
milk
B)
petroleum
C)
timber
D)
tractor
E)
workers
Timber and Petroleum can be classified as a land factor of production
Land is part of the four factors of production. The other three factors are Capital, Labour and Entrepreneur.
Let understand clearly that Land refers to anything that comes from the land and serves as resources used to produce goods and services.Capital is the factor that provides the money needed to run the business operation. The reward is Interest.Labour is the factor that helps the business run its day to day operation and this includes workers, staff etc. The reward for labor is Wages and salary.Entrepreneur is the factor that control and manage the other three factor of production. The reward for entrepreneur is Profit.
In conclusion, Petroleum and Timber are part of land and they serves as resources used to provide refined fuel, furniture and so on.
Learn more about Factor of Production here
brainly.com/question/19114220
The correct answer the finance charge
The finance charge on the average daily balance for the card over 1 month period is $70.
How do we calculate the finance charge?The finance charge is the cost of consumer credit. It includes any charge payable directly or indirectly by the consumer and imposed directly or indirectly by the creditor as a result of or as a condition of credit extension.
Data
The amount used on the Credit card are: $200, $300 and $150 for different period in a year. The balance will for the month will be:
= $200 + $300 + $150 - ($150 + $150)
= $650 - $300
= $350
The amount of finance charge on the account is:
= 20% * $350
= $70
Read more about finance charge
brainly.com/question/3436429
#SPJ1
Suppose there are 100 million in the labor force, and 6 million unemployed people. During the next month, 200,000 people lose their jobs and 300,000 find jobs. The new total of employed persons is ________ and the new unemployment rate is ________.
Answer:
Results are below.
Explanation:
First, we need to calculate the currently employed people and the unemployment rate:
Employed people= 100,000,000 - 6,000,000= 94,000,000
Unemployment rate= unemployed people / labor force
Unemployment rate= 6,000,000 / 100,000,000
Unemployment rate= 0.06= 6%
Now, the newly employed people and the unemployment rate:
Employed people= 94,000,000 + 300,000 - 200,000
Employed people= 94,100,000
Unemployment rate= 5,900,000 / 100,000,000
Unemployment rate= 0.059 = 5.9%
As a brand manager for Honey Bunches of Oats cereal, you propose lowering the price by 4 percent. What will you tell your supervisor about what you expect will be the impact on sales in the short run and in the long run
If the price of Honey Bunches of Oats cereal are reduced by 4%, then the short term effects would be:
It would bring more customers.The long term effects would be:
It would force us to upscale our comparative advantage because our competition would likely reduce their prices too.What are Short Term Effects?This refers to the effects which can be seen in a short time period as a result of a particular action.
With this in mind, if the price of a good is reduced by 4%, then on the short term, it would bring more customers but in the longer term, there would be a need to further upscale comparative advantage to keep the customer base.
Read more about comparative advantage here:
https://brainly.com/question/7045530
Cobe Company has manufactured 200 partially finished cabinets at a cost of $50,000. These can be sold as is for $60,000. Instead, the cabinets can be stained and fitted with hardware to make finished cabinets. Further processing costs would be $12,000, and the finished cabinets could be sold for $80,000.
The sell as is or process further analysis of income effects is prepared. From that analysis it has been found that the cabinet have to processed further to earn an incremental income of $8000.
What is an incremental income?The profit a business makes from an increase in income is known as incremental income. When the amount of income has increased, it can be used to determine the additional revenue produced by using a specific product, investment, or direct sale through an advertising campaign. The worth of a product is frequently equated to incremental sales.
A. Sell or Process Analysis Sell As Is Process Further
Revenue $ 60,000 $ 80,000
Costs $50,000 $62,000
Incremental profit $ 10,000 $ 18,000
Incremental income (loss) to process further is $8,000 ($18,000-$10,000).
B. The company should process the cabinet further and then sell it to earn the excess profit.
Therefore, the processed cabinet earns an incremental income of $8,000 to Cobe Company.
To learn more about incremental profit, click here:
brainly.com/question/28221148
#SPJ1
Your question is incomplete, but most probably the full question was,
Cobe Company has manufactured 200 partially finished cabinets at a cost of $50,000. These can be sold as is for $60,000. Instead, the cabinets can be stained and fitted with hardware to make finished cabinets. Further processing costs would be $12,000, and the finished cabinets could be sold for $80,000.
(a) Prepare a sell as is or process further analysis of income effects.
(b) Should the cabinets be sold as is or processed further and then sold
Wesley and Victor have been dating for the past 6 months. A few weeks ago, Victor told Wesley he was no longer interested in him romantically. Crushed, Wesley continues to try to win Victor back. He often hangs around Victor’s desk, brings up past arguments they have had, and asks to meet with him after work. If his behavior continues, his behavior could become:
Answer:
depression or maybe social anxiety?
Explanation:
Given that Victor has told Wesley that he is no longer interested romantically, if he continues to try to hang around him and bringing up arguments his behavior could become annoying and obsessive.
What is obsessive behavior?These are the behaviors that makes people to behave in compulsive and also repetitive ways.
This behavior is here because Victor has already broken up with Wesley but Wesley still carries on like they are in a relationship.
Read more on obsessive behavior here:https://brainly.com/question/7578271
Federal Trade Commission (FTC) regulations require that: Multiple Choice all used cars be sold with a warranty. used car buyers be informed of whether or not the vehicle comes with a warranty. used cars with over 100,000 miles be sold only by the individual owner, not by a dealer. major repairs must be made on all used cars prior to being offered for sale. the seller of a defective used car pay half the cost of the required repairs.
Federal Trade Commission (FTC) regulations require that used car buyers be informed of whether or not the vehicle comes with a warranty.
What is the Federal Trade Commission
The Federal trade commission is a body that is saddled with the responsibility of enforceing federal consumer protection laws which are aimed at preventing fraud, deception and unfair business practices.
The Commission also prevents federal antitrust laws that guides against anticompetitive mergers and other business practices that could result in higher prices, fewer choices, or less innovation.
Learn more about the FTC at https://brainly.com/question/2376957
A bank is preparing a financial asset for trading in the over-the-counter market. It most nearly sounds as though they are _____. securitizing securitizing collateralizing a loan collateralizing a loan creating a derivative creating a derivative offsetting negative risk
A bank is preparing a financial asset for trading in the over-the-counter market. It most nearly sounds as though they are a derivative offsetting negative risk. The correct option is D.
What are over-the-counter financial instruments?OTC securities are those that are not listed on a national securities exchange. The majority of these securities are traded on Alternative Trading Systems (ATSs), which are quotation mediums that may include electronic interdealer quotation systems that show quotes from broker-dealers for many OTC securities.
In over-the-counter markets, trading is done electronically rather than in a physical location. An auction market system is very dissimilar from this. Dealers serve as market makers in OTC markets by quoting prices at which they will buy and sell securities, currencies, or other financial products.
Thus, the ideal selection is option D.
Learn more about over-the-counter here:
https://brainly.com/question/25320089
#SPJ1
If Amelia would like to double her money in twelve years, how much interest does she need to earn O 12 percent O 16.6 percent O 6 percent 10 percent
Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.
To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.
This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.
To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.
2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)
Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]
Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)
Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)
Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n
Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)
Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)
We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.
Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.
Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent
Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent
Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent
Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent
For more such questions on interest rate
https://brainly.com/question/29451175
#SPJ8