What is the effective annual rate on this arrangement

Assignment Help Finance Basics

Reference no: EM13267490

A firm sells its $1,120,000 receivables to a factor for $1,075,200. The average collection period is 1 month. What is the effective annual rate on this arrangement? (Round your intermediate calculations to 4 decimal places. Round your answer to 2 decimal places.)

Reference no: EM13267490

Questions Cloud

Compute the discount rate : Compute the discount rate. (Do not round intermediate calculations. Input your answer as a percent rounded up to the nearest whole percent.)

Calculate electric field at a point on the z-axis at height : A uniform (constant) volume charge density RHOvo [C/m^3] exists inside of a cylinder of radius a and height h. The cylinder is centered at the origin, with the cylinder axis running along the z axis.

Define solution is diluted to the mark on a volumetric flask : A student starts with 55.0701 grams of iron (lll) nitrate nonahydrate, Fe(NO3)^3 * 9 H20 and dissolves this in 250 mL of water. This solution is diluted to the mark on a 500 mL volumetric flask.

At what rate will this refrigerator deliver heat to the room : The coefficient of performance of a refrigerator is defined as the ratio of heat extracted, At what rate will this refrigerator deliver heat to the room in which it is operating when it is running

What is the effective annual rate on this arrangement : A firm sells its $1,120,000 receivables to a factor for $1,075,200. The average collection period is 1 month. What is the effective annual rate on this arrangement? (Round your intermediate calculations to 4 decimal places. Round your answer to 2 ..

What were the corporation earnings per share : What were the corporation's earnings per share before the offering? (Do not round intermediate calculations and round your answer to 2 decimal places.

Calculate magnitude of voltage v3 across the third impedance : a.Sketch the circuit diagram, the impedance diagram and the phasor diagram; take the supply voltage V as the reference phasor. b. Calculate the magnitude of the voltage V2 across the second impedance. c. Calculate the magnitude of the voltage V3 acro..

What is the acceleration of the crate relative to the ground : A crate of mass 45.0 kg is being transported on the flatbed of a pickup truck. What is the acceleration of the crate relative to the ground

Explain the final concentration of nadh be in the solution : Add 1mg of alcohol dehydrogenase. Assuming all of the ethanol is converted to acetaldehyde, what will the final concentration of NADH be in the solution

User Account

All Pages