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MDM Inc. is considering factoring its receivabbles. The firm has credit sales of $400,000 per month and has an average receivables balance of $800,000 with 60-day credit terms. The factor has offered to extend credit equal ot 90% of the receivables factored less interest on the loan at the rate of 1.5% per month. The 10% difference in the advance and the face value of all receivables factored consists of a 1% factoring fee plus a 9% reserve, which the factor maintains. In addition, if MDM Inc. decides to factor its receivables, it will sell them all so that it can reduce its credit department costs by $1,500 a month. A) What is the cost of borrowing the maximum amount of credit available to MDM Inc. through the factoring agreement?
A family spends dollar 34,000 a year for living expenses. If prices increase by 4% a year for the next 3 years, what amount will the family need for their living expenses after 3 years?
Display how you can make a profit from triangular arbitrage and what your profit would be if you had $ 1,000,000
Joshua's Antiques has a total asset turnover rate of 1.2, an equity multiplier of 1.4, a profit margin of 5 percent, a retention ratio of 0.8, and total assets of $120,000. What is the sustainable growth rate?
What is The coupon rate and it is true that the asset of an operating lease will show up on the balance sheet
Trying to find how to calculate the effective annual interest rate on commercial paper when business sold an issue of 30-day paper with fact value of $5,000,000 and the frim received $4,958,000.
What is the expected return of your portfolio if Cathy, Joy, and Sally have expected returns of 0.070, 0.150, and 0.150, respectfully? Note: write your answer to 3 decimal places.
The paper also needs to meet the writing requirements that are set out below under “Writing the Final Research Paper."
One function of the foreign exchange market is to convert the currency of one country into the currency of another. A second function of the foreign exchange market is to provide insurance against foreign exchange risk.
Computation of weighted average cost of debt using book value weights and market value weights.
The clinic is projected to have an average of 100 patients per month. Calculate your break-even analysis for the clinic? What is your financial recommendation?
Consider the following capital market: a risk-free asset yielding 1.75% per year and a mutual fund consisting of 65% stocks and 35% bonds. The expected return on stocks is 12.50% per year and the expected return on bonds is 3.25% per year. The standa..
On January 1, Armada Corporation had 95,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the following occurred
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