What is the effective annual rate (ear)?
a. it is the interest rate for an n-year time interval, where n may be more than one year or less than or equal to one year (a fraction).
b. it refers to the cash flows from an investment over a one-year period divided by the number of times that interest is compounded during the year.
c. it is the interest rate that would earn the same interest with annual compounding.
d. it is the ratio of the number of the annual percentage rate to the number of compounding periods per year.

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40