Delinquent on his accounts payable balance

Assignment Help Financial Management

Reference no: EM131997858

One of your customers is delinquent on his accounts payable balance. You’ve mutually agreed to a repayment schedule of $500 per month. You will charge 1.4 percent per month interest on the overdue balance.

If the current balance is $13,000, how long will it take for the account to be paid off?

Reference no: EM131997858

Questions Cloud

Discuss briefly the pros and cons of filing : Discuss briefly the pros and cons of filing and applying for a patent Discuss briefly the pros and cons of filing and applying for a patent.

Solutions for economic recession for jobless individuals : Evaluate and analyze the consequences of the solutions for an economic recession for jobless individuals around the age of 22,

What is the annualized rate of return of your investment : If the bond's yield to maturity is 7.2 % when you sell it, what is the annualized rate of return of your investment?

Statements would be required for delight city bus system : Which financial statements would be required for Delight City Bus System for the year end June 30, 2015?

Delinquent on his accounts payable balance : One of your customers is delinquent on his accounts payable balance.

Cumulative mark to market be if silver prices : What will your cumulative mark to market be if silver prices are $19.10 per ounce at expiration?

Reverse stock split-what is the new divisor : If Able undergoes a 1-for-2 reverse stock split, what is the new divisor?

Compare the total out of pocket costs : At the end of a lease the leaser does not own a car, and must lease another car or purchase a car. Compare the total out of pocket costs.

Take buyout in lieu of monthly pension payments : A former employee of Chrysler-Benz is vested in the company’s pension plan. Justify whether or not he should take buyout in lieu of monthly pension payments.

User Account

All Pages