Business, 16.09.2019 18:10, princessksh8
Accounting balance sheet: equipment $ 39,200 buildings $ 500,000land 425,000 capital stock 135,000accounts payable 54,800 cash 31,400accounts receivable 10,600 furnishings 58,700salaries payable 33,500 snowmobiles 15,400interest payable 12,000 notes payable 620,000retained earnings ?
Answers: 3
Business, 22.06.2019 04:50, ernie27
Neveready flashlights inc. needs $317,000 to take a cash discount of 3/15, net 70. a banker will loan the money for 55 days at an interest cost of $13,200. a. what is the effective rate on the bank loan? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) b. how much would it cost (in percentage terms) if the firm did not take the cash discount but paid the bill in 70 days instead of 15 days? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) c. should the firm borrow the money to take the discount? no yes d. if the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $317,000? e-1. what would be the effective interest rate in part d if the interest charge for 55 days were $7,200?
Answers: 3
Business, 22.06.2019 18:00, wirchakethan23
Match the different financial task to their corresponding financial life cycle phases
Answers: 3
Business, 22.06.2019 19:00, RoyalGurl01
Describe how to write a main idea expressed as a bottom-line statement
Answers: 3
Accounting balance sheet: equipment $ 39,200 buildings $ 500,000land 425,000 capital stock 135,000ac...
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