Closest whole percentage point

Assignment Help Business Management
Reference no: EM131210689

Your firm sells for cash only; but it is thinking of offering credit, allowing customers 90 days to pay. Customers understand the time value of money, so they would all wait and pay on the 90th day. To carry these receivables, you would have to borrow funds from your bank at a nominal 12%, daily compounding based on a 360-day year. You want to increase your base prices by exactly enough to offset your bank interest cost. To the closest whole percentage point, by how much should you raise your product prices?

Reference no: EM131210689

Questions Cloud

Why is it cheaper to test the first two conditions : Describe an execution that illustrates the use of the first condition.
Is the introductory paragraph effectively written : Is the introductory paragraph effectively written? Does it define the issue and state an arguable thesis statement? Are the main points in support of the thesis statement organized logically in the essay?
Carolina blue credit report : Directions: Read Carolina Blue's credit report on the following pages. Carolina is seeking a bank loan to purchase a new vehicle. Analyze Carolina's credit report and answer the following questions to determine if Carolina should receive the loan..
Show the contents of the end checkpoint record : The description in Section 20.2.1 of the Analysis phase made the simplifying assumption that no log records appeared between the begin checkpoint and end checkpoint records for the most recent complete checkpoint. The following questions explore h..
Closest whole percentage point : You want to increase your base prices by exactly enough to offset your bank interest cost. To the closest whole percentage point, by how much should you raise your product prices?
Design your own simple and unique web application form : Create your own simple and unique Web application form. The form should include at least 2 different input types such textfield, textarea, radio button, check box, select (drop-down menu) and others of your choice.
Discuss fundamental strategies : Discuss fundamental strategies that can be employed to improve productivity in manufacturing operations technology?
How many months it will take to grow your money : Question: How many months it will take to grow your money from $10,250 to $25,000 if you can earn an interest of 8% compounded monthly? How many years will it take? Please show work.
Contrast aries with other wal-based recovery schemes : What are the similarities and differences between checkpoints and fuzzy dumps?

Reviews

Write a Review

Business Management Questions & Answers

  Upload assignment-critical review

The increasingly competitive nature of the global economic marketplace has resulted in organizations making continual changes to their workforce requirements. This relentless focus on quality and cost has destabilized many organizations, affecting..

  Why is budgeting important for a company

Why is budgeting important for a company?

  Department versus a decentralized multiple sites purchasing

Discuss the strategic issues in a large multisite company with a single corporate centralized purchasing department versus a decentralized multiple sites purchasing group.

  Given the unbalanced chemical equation

Given the following unbalanced chemical equation: Al + Cl2-> AlCl3,  balance the equation.  How many moles of AlCl3 are produced from 5 mole of Cl2? Show your work.  What is the molar mass of AlCl3? Show your work.  Calculate the nmber of grams of Al..

  How technology enhances business

Create the 1,050- to 1,400-word paper based on personal experience in workplace which gives examples of how management at your company expects technology to enhance business.

  Organizational theory and designexplain why might a company

organizational theory and designexplain why might a company consider using an intranet rather than traditional

  Measuring verbal and computational skills

Measuring verbal and computational skills  to a group of applicants for a specific job.

  Important information about motivation profiles

Describe the differences between the types of effort that Ella, Marcelo, and Masoko would put forth based on their source of motivation.

  Explaining group or team or individual decision making

What decision would be handled most effectively by a group or team decision making? Which would be handled more effectively by individual decision making?

  Which affirmative action diversity programs actually work

Do you believe which affirmative action and/or diversity programs actually work and achieve the objectives which they intend to? Explain why or explain why not?

  Communications in technological and digital ageprovide two

communications in technological and digital ageprovide two different situations in which you needed information on a

  Examine the validity of information sources

Test the validity of information sources. Identify what sources are credible and what sources are not credible.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd