What was shaffer cost of financing this inventory

Assignment Help Macroeconomics
Reference no: EM13329002

On January 1, 2007, Shaffer Co. purchased inventory for $1,000 cash. These goods were sold on April 30, 2007 for $1,400 cash. The company can currently earn 3% interest on an account at a bank. What was Shaffer's cost of financing this inventory?

Reference no: EM13329002

Questions Cloud

Suppose that annual income from a rental property is expect : Suppose that annual income from a rental property is expected to start at $1,300 per year and decrease at a uniform amount of $50 each year after the first year for the 15 year expected life of the property. the investment cost is $8000 and i is 9% p..
Briefly describe your cryptanalys is methodology : Decrypt this message, and briefly describe your cryptanalys is methodology. In particular, list features of the ciphertext that hindered or helped your decryption process.
Find the resistance of its heating element : A well-insulated electric water heater warms119kg of water from 20.0° C to47.0° C in33.0min. Find the resistance of its heating element
Explain the root-mean-square speed of helium atoms by 10.0% : You have a sample of helium gas at 0.00 ?C. To what temperature should the gas be heated in order to increase the root-mean-square speed of helium atoms by 10.0%
What was shaffer cost of financing this inventory : On January 1, 2007, Shaffer Co. purchased inventory for $1,000 cash. These goods were sold on April 30, 2007 for $1,400 cash. The company can currently earn 3% interest on an account at a bank.
What is the plaintext for the ciphertext 10000001 : What is the ciphertext (in binary form) generated by the encryption of the character T (Please show your work.)
How many years is market price until the bond matures : The Lo Sun Corporation offers a 10 percent bond with a current market price of $896.37. The yield to maturity is 11.34 percent. The face value is $1,000. Interest is paid semiannually. How many years is it until this bond matures
What average power is delivered to the head : The head of a grass string trimmer has 100 g of cord wound in a light cylindrical spool with inside diameter 3.00 cm, What average power is delivered to the head by the trimmer motor while it is accelerating
Prepare the amortization schedule : Prepare the amortization schedule and then record all required journal entries that would be made by Barker on the following dates (a) December 31, 2012; (b) December 31, 2013; (c) December 31, 2014; (d) December 31, 2015; and (e) December 31, 201..

Reviews

Write a Review

Macroeconomics Questions & Answers

  Finding equilibrium price and output

Two identical firms face linear demand. Market demand is given by P=30-Q. Compare graphically consumer and producer surplus in Cournot and Stakelberg equilibria to perfect competition.

  Unemployment is on the rise

The Federal Reserve may buy government securities in open market operations in order to increase the money supply and encourage economic growth?

  Utilize supply and demand analysis impact on the price

Utilize supply and demand analysis, the impact on the equilibrium price and quantity of new Hybrid automobiles when the following occurs

  Compute global technologys weighted average

The after-tax cost is 6.5%, the cost of preferred stock is 10%, cost of common equity (in the form of retained earnings) is 13.5%. Compute Global technology's weighted average cost of capital.

  Price elasticity of demand differ along a demand curve

Elucidate why the price elasticity of demand differ along a demand curve, even if the demand curve is linear.

  What are the percentage increases in the price of food

What are the percentage increases in the price of food and in the price of clothing and what is the percentage increase in the CPI?

  What option does the central bank have to stimulate economy

If the economy is currently in a long-run equilibrium and the central bank increases the money supply, what effect does this have on the aggregate price level Explain why it is important to insulate central bankers from politic..

  How is unemployment measured and reported

What is the labor force participation rate? What was the labor force participation rate in 2008? How has it changed since 2008 and what does this change imply for the state of the economy? Does the labor force participation rate effect the unemplo..

  What initiatives has the government undertaken in quality

Examine if Medicare, and CMS, are leaders or followers in the delivery of high quality healthcare in this country. What initiatives has the government undertaken in quality and risk management Debate whether governmental involvement helps, or hind..

  Elucidate price every ride must the public transportation

Elucidate price every ride must the public transportation authority charge to eliminate the deficit if it cannot reduce costs

  Elucidate what would advantages and disadvantages system

A possible international monetary regime consists of a world central bank conducting monetary policy and issuing a single currency used throughout the world. Elucidate what would the advantages and disadvantages of such a system be.

  What might cause the fed to change the supply

How does the Federal Reserve increase or decrease the money supply and what might cause the Fed to change the supply?

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