1. The effective anual rate (EAR) for a loan with a stated APR of 4% compounded quarterlyis clostest to: SHOW WORK
A. 4.47%
B. 4.06%
C.5.28%
D. 4.87%
2. Debits to Work in Process Inventory are accompanied by a credit to all but which one of the following accounts?
Raw Materials Inventory
Factory Labor
Manufacturing Overhead
Cost of Goods Sold