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

  Is the appropriate monetary policy expansionary or contract

Assume the Fed is currently trying to reduce domestic unemployment and the trade deficit. What must happen to interest rates and the FX value of the dollar in order to accomplish these goals. Is the appropriate monetary policy expansionary or contrac..

  To increase market share the price should be set

Your company is considering a price reduction on a product which currently sells for the price of $5.00.The price elasticity for the product is roughly equal to -2.3 over the range being considered for the price change.

  Her salary rate is every hour

Her salary rate is $8 every hour and she has 15 hours per day to allocate between labor and leisure.

  How to represent the results as a normal-form game

An industry consists of two firms with identical costs C(q) = 5q +q2=2. The firms can either collude or compete. If both collude, they each produce qm (half the monopoly output Qm). If one rm colludes and the other competes, the latter produces th..

  Reason behind the increase in price

Why the price of computers dropped as their power and features has have increased?

  Explain imf world economic outlook reports

What do these numbers tell you about the phase of the business cycle in the United States, Euro area, and Japan in 2008? What do these numbers tell us about the relative size of the natural unemployment rates in the United States, the Euro Area, an..

  Explain how is economic growth measured

How is economic growth is measured Which factor of economic growth is the most difficult to measure accurately Make recommendations on how the factor you identified can be measured more accurately.

  So many states provide firms with an investment tax

So many states provide firms with an investment tax credit that effectively reduces the price of capital.

  Solving problem on opportunity cost

Assume that there are 2-states that do not trade, Iowa and Nebraska. Each state manufacture the similar two goods: corn and wheat.

  When is international job an opportunity for workers

When is international job an opportunity for workers. When is it a threat to workers. What are some of the major challenges confronting the international trading system.

  Suppose each cake costs the same to make

Suppose each cake costs the same to make, what is the average cost to produce a cake. Compute Alyssa's labor productivity ration in dollars per hour for each type of cake.

  Illustrate what will the exchange rate have to be to

Illustrate what will the exchange rate have to be to discourage Portuguese imports of British goods? Similarly, what will the exchange rate have to be to discourage British imports of Portuguese goods.

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