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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.)
Having raised $85 million in an initial public offering of its stock early in the year, the company is poised to launch its product. If Auger engages in a promotional campaign costing $60 million this year
The objective of this business report is to focus upon evaluating the current portfolio of Baituna home loans product of Bank Muscat and its volumes. It focus upon the current standing of the product in Oman and its performance on the basis of its vo..
Ralph and Alice would like to have $22000 for a down payment on a house. Their budget only allows them to save $269.37 per month. How many years will it take them to save up the desired amount of $22000
China is the largest holder of U.S. government debt and has invested an estimated 70% of its more than $2 trillion stockpile of foreign-exchange reserves (the world's largest) in dollar assets, Reuters reports.
Conduct a bivariate nonlinear conintegration tests using threshold Vector Error Correction (TVEC) methodology. Need to develop Matlab code.
Calculate the price of a zero coupon bond that matures in 23 years if the market interest rate is 4.2 percent.
Compton Company uses a predetermined overhead rate in applying overhead to production orders on a labor cost basis in Department A and on a machine-hours basis in Department B.
Predict one major change in the U.S. financial environment that may likely occur within the next five years, indicating its impact to the economy and businesses.
You have $18,000 you want to invest for the next 36 years. You are offered an investment plan that will pay you 8 percent per year for the next 18 years and 12 percent per year for the last 18 years.
The cash inflows generated by the project are estimated at $76,000 for the first two years and $30,000 for the following two years. What is the internal rate of return
You are analyzing the cross-store sales of a grocery store chain. As part of your analysis, you compute two measures of central tendency-mean and median.
Wine and Roses, Inc. offers a 8 percent coupon bond with semiannual payments and a yield to maturity of 8.73 percent. The bonds mature in 8 years. What is the market price of a $1,000 face value bond
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