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Question: (Cost of factoring) A factor has agreed to lend the JVC Corporation working capital on the following terms: JVC's receivables average $100,000 per month and have a 90-day average collection period. (Note that JVC's credit terms call for payment in 90 days, and accounts receivable average $300,000 because of the 90-day average collection period.) The factor will charge 12 percent interest on any advance (1 percent per month paid in advance) and a 2 percent processing fee on all receivables factored and will maintain a 20 percent reserve. If JVC undertakes the loan, it will reduce its own credit department expenses by $2,000 per month. What is the effective annual rate of interest to JVC on the factoring arrangement? Assume that the maximum advance is taken.
xyz company is currently operating at full capacity has sales of 29000 current assets of 1600 current liabilities of
Create a graph that shows how the payments are divided between interest and principal repayment over time
The cost of a bookcase was $70.00. Overhead associated with the bookcase was $10.00. Markup on the bookcase was 80 percent of cost. The merchant marked the bookcase down by 25 percent for a sale.
What is the semiannual payment to finance $200,000 in a sinking fund that pays 12% annual interest? Also, calculate the total deposits of the sinking fund and the interest earned by the semiannual payment.
You and your twin brother are considering investing towards your respective retirements (you have just celebrated your 22nd birthday, and plan on retiring at age 65).
After plotting demand for four periods, an emergency room manager has concluded that a trend-adjusted exponential smoothing model is appropriate to predict future demand. The initial estimate of trend is based on the net change of 30 for the three..
It is well documented that commodity prices are very volatile when compared to other asset classes. Discuss factors that cause volatility in the commodity markets.
Diagram the expanded DuPont system for Hunter for 2012. Insert the appropriate dollar amounts wherever possible.
for 2012 everyday electronics reported 22.5 million of sales and 19 million of operating costs including depreciation.
Tunney Industries can issue perpetual preferred stock at a price of $52.50 a share. The stock would pay a constant annual dividend of $5.50 a share. What is the company's cost of preferred stock, rp? Round your answer to two decimal places.
For four years, Marty Campbell invested $4,000 each year in HarleyDavidson. The stock was selling for $36 in 2011, $45 in 2012, $52 in 2013, and $70 in 2014.
Curtis industries is considering the purchase of a new machine. It will cost $80,000, last for 10 years, and have no residual value. If purchased, the machine is expected to increase cash inflows by $80,000 per year for 8 years, with $65,000 per y..
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