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Accounts receivable as collateral, cost of borrowing Maximum Bank has analyzed the accounts receivable of Scientific Software, Inc. The bank has chosen eight accounts totaling $134,000 that it will accept as collateral. The bank's terms including a lending rate set at prime 3% and a 2% commission charge. The prime rate currently is 8.5%.
a. The bank will adjust the accounts by 10% for returns and allowances. It then will lend up to 85% of the adjusted acceptable collateral. What is the maximum amount that the bank will lend to Scientific Software?
b. What is Scientific Software's effective annual rate of interest if it borrows $100,000 for 12 months? For 6 months? For 3 months? (Note: Assume a 365- day year and a prime rate that remains at 8.5% during the life of the loan.)
John agrees to invest in a savings plan that requires deposits of $1000 at the start of each year for 6 years. According to the terms of the savings plan, the force of interest at time t is 0.03 + 0.005t^2
Your firm has an ROE of 12.1%, a payout of 29%, $576,100 of stockholders equity, and $438,700 of debt. If yougrow at your sustainable growth rate this year, how much additional debt will you need to issue
Every three months, she deposits $400 in her bank account, which earns 8 percent annually but is compounded quarterly. On December 31, 2007, she used the entire balance in her bank account
If you deposit $3,500 today into an accoun earning an 11 percent annual rate of return, what would your account be worth in 35 years (assuming no further deposits). In 40 years.
Business decision, organizational plan, business philosophy, policy decision, or concept related to the class.
The dividend for Should I, Inc., is currently $1.2 per share. It is expected to grow at 20 percent next year and then decline linearly to a 5 percent perpetual rate beginning in four years.
A small business owner visits his bank to ask for a loan. The owner states that she can repay a loan at $1,250 per month for the next 3 years and then $500 per month for two years after that.
Kristin is evaluating a capital budgeting project that should last for 4 years. The project requires $150,000 of equipment. She is unsure what depreciation method to use in her analysis, straight-line or the 3-year MACRS accelerated method.
joe's company's bonds have 10 years remaining to maturity. Interest is paid annually, the bonds have a $1000 par value, and the cooupon interest rate is 6%. the bonds have a yield to maturity of 9%.
results regarding the equilibrium interest rate and national income using the IS-LM analysis for each of the following: a. Congress decides to pass an election year tax cut.
SDJ, Inc., has net working capital of $1,015, current liabilities of $6,725, and inventory of $1,135. What is the current ratio What is the quick ratio
State the number of degrees of freedom available for determining the between-samples variation and Compute the least squares regression equation.
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