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Problem 1: Your bank offers you a $25,000 line of credit with an interest rate of 2.25% per quarter. The loan agreement also requires that 4% of the unused portion of the credit line be deposited in a non-interest bearing account as a compensating balance. Your short-term investments are paying 0.40% per month. What is your effective annual interest rate on this arrangement if you do not borrow any money on this credit line during the year? Assume any funds borrowed or invested use compound interest.
A. 4.67%B. 4.91%C. 5.23%D. 5.48%
Evaluate What is the firm weighted average cost of capital? A firm has debt of $7,000, equity of $12,000, a cost of debt of 7 percent, a cost of equity of 14.
The PV of 1 at 15% for 4 periods is 0.572, and the PV of an ordinary annuity of 1 at 15% for 4 periods is 2.855. How much is the annual rental?
consider the following scenariolucy shafer wants to borrow 100000 to expand her dog-breeding business. she is preparing
Mitchell Inc. issued 198, 6%, $1,000 bonds on January 1, 2020. Determine the selling price of the bonds. Round amount to the nearest whole dollar.
Record the adjusting entry required at January 31, the end of the first month of the current year, to record the accrued product warranty. Record the entry for the warranty work provided in February.
From an accountant’s perspective, separation of duties is self-explanatory. Explain how do small companies that have minimal accounting staff deal with this issue? Explain how might you, as owner of a small business, ensure the integrity of your f..
Find How much money should the city put aside in each of the next 4 years to be able to pay for the data center refurbishment 5 years from now
In addition to the shareholders' equity given above, Redmon Company also has $350,000 in retained earnings. Using this information, prepare the shareholders' equity section of Redmon Company's balance sheet.
CopyFast is a company that competes for copy services business with Staples. They are considering two different copiers to do large format copying. If they get either machine, they will sell large-format copies for $0.20 each. many copies would they ..
No sales of consigned goods were made through December 31, 2005. In its December 31, 2005 balance sheet, Allapacan should include consigned inventory of?
Prepare a schedule showing the income statement effects for the year ended December 31, 2017, as a result of the above facts.
Price-sales ratio, what is Dan's price estimate using the comparables approach? What are the pros and cons of Dan's preferred approach?
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