What is the effective annual rate on this arrangement

Assignment Help Finance Basics
Reference no: EM13551573

A firm sells its $1,080,000 receivables to a factor for $1,015,200. The average collection period is 1 month. What is the effective annual rate on this arrangement? (Round your intermediate calculations

Reference no: EM13551573

Questions Cloud

Od theory for this change project : What would be the pros/cons of using OD theory for this change project?
Individual differences in the workplace : Individual Differences in the Workplace
A leader is a visionary : A leader is a visionary who has the end goal in mind and can see the big picture. A leader is a motivator of his/her followers. There are a variety of leadership styles a leader may hold. What separates a leader from the rest are the traits th..
Lagging its industry averages : Hatfield Medical Supplies's stock price had been lagging its industry averages
What is the effective annual rate on this arrangement : What is the effective annual rate on this arrangement?
Calculate the project''s profitability index : Calculate the project's Profitability Index.
Mississippi river shipyards is considering the replacement : Mississippi River Shipyards is considering the replacement
Which portfolio would you recommend and why : Which portfolio would you recommend and why?
Annualized dividend yield : The S&P 500 Index price is $925.28 and its annualized dividend yield is 1.40%. LIBOR is 4.2%. How many futures contracts will you need to hedge a $25 million portfolio with a beta of 0.9 for one year?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd