What is effective annual rate of interest
Company X sells on a 1/20, net 90 basis, Customer Y buys good with an invoice of $2,500. What is the effective annual rate of interest if Y pays on the due date rather than day 20? What is Effective annual rate of interest %?
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Monster manufacturing company, which has only one product had provided the following data concerning its most recent month of operations
In its first year of operation, the company produced 20,000 units, but was only able to sell 18,000 units. In its second year, the company needed to get rid of excess inventory (the extra 2,000 units produced but not sold in 2011).
If the company does not maintain a TIE ratio of at least 5 times, its bank will refuse to renew the loan, and bankruptcy will result. What is Pickett"s TIE ratio?
Paymore products places orders for goods equal to 75% of its sales forecast in the next quarter. The sales forecasts for the next five quarters are as follows: Sales Forecase for Quarter in Comming Year.
Company X sells on a 1/20, net 90 basis, Customer Y buys good with an invoice of $2,500. What is the effective annual rate of interest if Y pays on the due date rather than day 20? (Use 365 days in a years.
On January 25, Coot Company has $430,000 deposited with a local bank. On January 27, the company writes and mails checks of $38,000 and $78,000 to suppliers.
A firm offers terms of 3/35, net 50. Currently, two-thirds of all customers take advantage of the trade discount; the remainder pay bills at the due date. a. What will be the firm's typical value for its accounts receivable period?
Locust Software sells computer training packages to its business customers at a price of $105. The cost of production is $99. Locust sells its packages on terms of net 30 and estimates that about 8% of all orders will be uncollectible.
The same organization s managerial performance evaluation model is based on annual divisional return on investment. Which of the following is true?
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