To offset your overhead you want to charge your customers, Finance Basics

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To offset your overhead you want to charge your customers

As a jewelry store manager, you want to offer credit, with interest on outstanding balances paid monthly. To carry receivables, you must borrow funds from your bank at a nominal 9%, monthly compounding. To offset your overhead, you want to charge your customers an EAR (or EFF%) that is 2% more than the bank is charging you. What APR rate should you charge your customers?

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Finance Basics: To offset your overhead you want to charge your customers

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Finance Basics: To offset your overhead you want to charge your customers

Reference No:- TGS0642083

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Expected cash dividends are 250 the dividend yield is 6

Q : A vertical spring has one end attached to the ceiling and a

Q : A hyetograph has a uniform rainfall intensity of 15 inhr in

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Q : O this total 2000 acres are residentialcn68 500 acres are

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: To offset your overhead you want to charge your customers

Reference No:- TGS0642083

Recent Questions Asked Finance Basics

Q : Expected cash dividends are 250 the dividend yield is 6

Q : A vertical spring has one end attached to the ceiling and a

Q : A hyetograph has a uniform rainfall intensity of 15 inhr in

Q : Create the flowchart of the above business processes the

Q : To offset your overhead you want to charge your customers

Q : The bond markets are important because they are a easily

Q : O this total 2000 acres are residentialcn68 500 acres are

Q : Use an search engine on the internet to find examples of

Q : The firm also estimates the project will require an

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