User Account

All Pages

What is the implicit effective annual interest rate

Assignment Help Accounting Basics
Reference no: EM133093173

Question - Suppose that a firm sells its accounts receivable totalling $100 to a factor at a 3% discount. The company's average collection period is 2.5 months. What is the implicit effective annual interest rate on the factoring arrangement?

Reference no: EM133093173

Questions Cloud

Establish labor conditions : It is morally permissible for a United States company to move operations out of the county in order to establish labor conditions that are far below the labor
Calculate the net present value of the new machine : The net cost of this machine is $325,000. The machine is expected to last 5 years. Calculate the net present value of the new machine
What is the expected profit from a sale : A firm has a present value of revenue from a sale to a customer of $2,150. What is the expected profit from a sale
Maintain professionalism without any conflict to working : What particular existing/known consultancy firm that you know and how the firm manages to maintain professionalism without any conflict to working relationship
What is the implicit effective annual interest rate : The company's average collection period is 2.5 months. What is the implicit effective annual interest rate on the factoring arrangement
Compute the consolidated gain or loss : On 1/1/2019, Allie Company issued bonds payable of $500,000 at 8%. Compute the consolidated gain or loss on a consolidated income statement for at the end
What is the cash conversion cycle for a firm : What is the cash conversion cycle for a firm with $3 million inventory, $2.5 million accounts payable, an accounts receivable period of 35 days
Napster and music industry or tiktok vs thriller : Please find any interesting intellectual property case like the "Napster and Music industry" or "TikTok vs Thriller" case and give me another sample and explana
What should be the basic earnings per share for the year : What should be the basic earnings per share for the year ended December 31, 2021, rounded to the nearest penny

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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