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Plaza Gold Emporium wants to sell on credit, giving customers 4 months to pay. However, the firm will have to borrow from its bank to carry the accounts receivable. The bank will charge 18%, compounded monthly. The firm wants to quote a nominal rate to its customers, all of whom are expected to pay on time at the end of 4 months that will exactly cover her financing costs. What nominal annual rate should Plaza Gold quote to its credit customers?? (Please us excel and show all steps used)
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The unit sales price is $90, unit variable cost is $45, and the fixed costs per month are $5,000. The margin of safety is
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A legal entity in which you relinquish title and control of the assets when they are placed in the entity is called a(n)______.
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Kendall Corners Inc. recently reported net income of $5.2 million and depreciation of $1,500,000. What was its net cash flow? Assume it had no amortization expense.
Other things being equal, what effect will this have on dollar and pound?
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