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1. Fancy Footwear has a line of credit with your local bank for $150,000. The loan agreement calls for interest of 10 percent with a 4 percent compensating balance requirement which is based on the total amount borrowed. What is the effective interest rate if you need $128,500 for one year to cover your operating expenses?
10.42 percent
9.95 percent
9.50 percent
10.08 percent
10.33 percent
2. Simple interest is the interest earned on:
a. the original principal amount involved.
b. the reinvested interest from prior periods.
c. both the original principal and the reinvested interest from prior periods.
d. the prior balance which includes both the interest and the principal amounts.
e. the accumulated value of an investment including all interest earned to date.
Romo Enterprises needs someone to supply it with 121,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. It will cost you $880,000 to install the equipment nec..
Sosa Company has $39 per unit in variable costs and $1900 per year in fixed costs. Demand is estimated to be 138,000 units annually. What is the price if a markup of 35% on total cost is used to determine the price?
When considering a capital budgeting process, what steps must be taken to ensure a successful outcome?
Pacheco Inc. issued convertible bonds 10 years ago. Each bond had an initial term of 30 years, had a face value of $1,000, paid a coupon rate of 11%, and was convertible into 20 shares of Pacheco stock, which was selling for $30 per share at the time..
Cash management is often the 'heart' of the firm in that a firm (just as would an individual or family) must assure that disbursements match-up with available and adequate cash. Consider two firms: The second firm is a manufacturer of industrial prec..
The present value of a stream of ordinary annuity cash flows of $375 per year is $2,119 when valued utilizing a 12% annual rate.
Assuming there are 360 days in a year, the effective annual rate of non–free trade credit if the firm did not take discounts but did pay on the due date is?
Draw the payoff diagram for. Which is NOT a step in building your own personal budget?
Bill and Bob opened a restaurant selling home-cooked meals. When Bob was informed about the contract, he tried to have the contract voided.
Sunburn Sunscreen has a zero coupon bond issue outstanding with a $20,000 face value that matures in one year. The current market value of the firm’s assets is $23,200. The standard deviation of the return on the firm’s assets is 27 percent per year,..
Sensitivity analysis is often used when forecasting revenue. When revenue is forecasted in multiple levels, the most common forecasts are in:
We have an unemployment with a current account deficit. Also, the level of infrastructure and technology usage is low.
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