Your firm sells for cash only, but it is thinking of offering credit, allowing customers 90 days to pay. Customers understand the time value of money, so they would all wait and pay on the 90th day. To carry these receivables, you would have to borrow funds from your bank at a nominal 10%, daily compounding based on a 360-day year. You want to increase your base prices by exactly enough to offset your bank interest cost. To the closest whole percentage point, by how much should you raise your product prices? Do not round intermediate calculations. Round your answer to the nearest whole number.

Answers

Answer 1

Answer: 3% to the closest whole percentage point.

Explanation:

The bank interest cost is 10% based on 360 days.

Your firm needs funds for 90 days till the receivables comes in.

The relevant rate will be what the bank charges for 90 days;

= 10% * (90/360)

= 2.5%

= 3% to the closest whole percentage point.


Related Questions

**PLEASE ANSWER URGENT URGENT 13 POINTS**

how does the louisiana purchase relate to the term “Manifest Destiny”

Answers

Answer:

they were buying this land to manifest there destiny of expanding there territory

Explanation:

Write three questions on how Christianity spread through Europe.

Answers

Answer:

Here you go

Explanation:

How does Christianity spread?

What factors helps Christianity grow and spread?

AND

Who spreads Christianity?

Answer:.

Explanation:

Describe three reasons for studying art

Answers

-You get to express yourself
-You can relieve stress, by using it as a form of therapy
-You can use it as a career path
Hopefully this helps. :)
Art can help people express themselves, make money as a career or just a couple extra dollars, and can be a stress reliever. I do art sometimes and it’s a BIG stress reliever.

why is the beringia land bridge significant?

Answers

Answer:

hi :D

Explanation:

It is significant to the study of geography because it is believed that humans migrated from the Asian continent to North America via the Bering Land Bridge during the last glaciation about 13,000-10,000 years BP.

Yw

helppppppppppppppppppppppppppppppp

Answers

Answer:

C

Explanation:

I'm pretty sure but don't 100% believe me.

Answer:

Well, I am going to go with my Gut and say C. (Which is the Letter D) because most people get kidnapped in the US and then get sent some where else.

Explanation:

Hope that helps

who was the most decorated US soldier of World War I?

O Henry Cabot Lodge

O Douglas MacArthur

O Alvin York

O General John J Pershing​

Answers

Answer:

Alvin York!

Explanation: Alvin York received the Medal of Honor for Killing over 20 German soldiers and capturing 132 single handedly, he also received severl other awards from different allied nations! Alvin York is one of the greatest examples of courage and bravery during the First World war, I Hope this helps!! Please Rank me Brainliest, That would be very much appreciated!

Which of these is the first document of representative democracy in the colonies? *
Magna Carta
English Bill of Rights
Mayflower Compact
Declaration of Independence

Answers

Answer:

Mayflower Compact

Explanation:

sorry if it is wrong

Over and over again he rehearsed it in wearisome _____ until it had assumed a certain and almost invariable form. A)Expose.
B)Expenditure.
C)Repetition.
D)Option.​

Answers

C. Repetition.
It’s grammatically correct.

I NEED HELP ASAPPPPP!!!!!!!

Answers

The elastic clause is the correct answer.

What is best examples of a Regional or Civilizational history?

Answers

Answer:

As its name implies, the Regional history seeks to study the history of particular regions rather than analyze the great civilizations traditionally studied by common history. ... In some cases, they also had to do with events or specific situations to those regions which had an important meaning in the events of the same.

Explanation:

Explain how slave laws were changed after the Stono Rebellion?

Answers

Answer:

the stono rebellion led to the negro act of 1740 to address slavery in the colonies.

Explanation:

hope this helps:)

Answer: Stono is important because it changed the face of slavery in Carolina, and had ramifications for other colonies as well. It solidified slavery in a way that it hadn't been before, and probably would have happened anyway. But Stono was the catalyst. And it created a sense that they had to have a population of Africans who were American-born. They largely blamed this rebellion on the fact that the Africans were African, as opposed to being Negro, that is, born in America. So the first thing they wanted to do was cut off the trade. And they did that for ten years. And, of course, economics dictated that they would open it up again. The interesting thing about opening it up again is that they began to import for the most part different ethnic groups, a long way from the Congo-Angolan region. And this fed into their whole mythology about which Africans make the best servants, when in fact it was probably dictated by the economic needs and the fact that the Africans whom they imported were familiar with what they were going to cultivate on a massive scale, which was rice.

So Stono was sort of the beginning of the development of large-scale slavery in South Carolina and the concept that the black population had to be utterly controlled. And the legislation that came out of Stono, the Negro Act, took away whatever liberties the Africans had. And even those liberties that they didn't have, which the planters allowed them anyway, even though it was breaking the law, all of those things were rescinded.

Explanation:

Why might jazz be considered "truly American"?

Answers

Explanation:

JAZZ IS A TRULY AMERICAN ART FORM

It is based on West African musical traditions. These traditions came to America with the Africans who were brought here as slaves. The slaves adapted the religious hymns they heard and created their own spiritual songs.

It is based on West African musical traditions. These traditions came to America with the Africans who were brought here as slaves. The slaves adapted the religious hymns they heard and created their own spiritual songs.

Explanation:

Please help!
Why did South Carolina establish a profitable trade with Barbados?

Answers

to establish a profit-seeking proprietary settlement

Unit Test

Active

TIME REMAMINO

01:57:16

A university received national recognition for discovering an ancient civilization in Africa. To gain access to the site, dig up

the remains, study the civilization and its artifacts, and properly store the items, the university called on a team of

professors. Which best describes who the university chose for this project?

an Anthropologist, Robotics Engineer, Archeologist, and Museum Conservator

an Anthropologist, Civil Engineer, Historian, and Museum Conservator

an Archeologist, Computer Engineer, Political Scientist, and Sociologist

an Archeologist, Mechatronics Engineer, Historian, and Materials Scientist

Mark this and retum

Save and Exit

Next

Submit

Answers

Answer:

an Archeologist, Mechatronics Engineer, Historian, and Materials Scientist

Explanation:

An archeologist is a professional who studies the remains of organisms through digging up of remains from a site while an anthropologist is someone who studies behavioral patterns of humans.

This makes the archeologist the correct choice.

Historian, and Materials Scientist Are also involved in the study of history and the different materials used in the study respectively.

This makes an Archeologist, Mechatronics Engineer, Historian, and Materials Scientist the best possible answer.

Answer:

d

Explanation:

because i said so brudda

What is the difference between a subsistence economy and the market economy that developed as a result of nineteenth century transportation innovations?




A. A market economy means that people can sell whatever they can produce.


B. A subsistence economy is a shared economy, so everyone has enough.


C. In a subsistence economy, families depend on others to produce the goods they need.


D. In a market economy people can buy, rather than produce, things they may need.

Answers

Answer:

D.  In a market economy people can buy, rather than produce, things they may need.

Explanation:

I just took the test, and the guy in the comments is right.

The difference between a subsistence economy and the market economy is that in a market economy people can buy, rather than produce, things they may need. Thus, option 'D' is the correct option.

What is the difference between a subsistence economy and a market economy?

A subsistence economy is not based on money but on a market economy. A market economy is one where products are produced and sold for a profit. Products are created in a subsistence economy in order to support oneself or one's family.

A market economy is an economic system in which all suppliers and consumers are unhindered by price controls or restrictions on contract freedom and where decisions regarding investment, production, and distribution to consumers are guided by the price signals created by the forces of supply and demand.

Contrast subsistence farming with a subsistence economy, which often offers a low level of life and is not dependent on money, in which buying and selling are nonexistent or minimal though barter may occur.

Learn more about the subsistence economy and market economy, here:

https://brainly.com/question/712946

#SPJ3

Check
How did trade improve the economy under Chandra Gupta Il? Choose four answers.
Trade expanded the empire's boundaries.
Trade helped to grow the empire's armies.
Trade created a strong economy within the empire.
Trade protected people from invasions.
Trade made it possible for people to afford basic goods.
Trade made goods available and plentiful.
Intro
Done
tivity

Answers

Answer:

The answer is A, C, E, F.

Explanation:

Answer:

acef

Explanation:

What was the main economic activity of tribal people who first lived in the Nile River Valley?
A.
farming
B.
hunting animals
C.
domestication of animals
D.
trade

Answers

I think answer is A. farming

Answer:

It is answer A.

Explanation:

Early Egyptians settled on the Nile and had fertile soil and an abundance of water, so they started farming.

Food surpluses provided the opportunity for specialization-the development of skills in specific kind of work. True or false

Answers

Answer:

True

Explanation:

Because Food surpluses provided the opportunity for specialization—the development of skills in a specific kind of work.

Which of the following was an effect of Martin Luther’s writings?

A decrease in the political authority of the church as a result of changing religious theology
A peace that established a new, centralized religious and political authority to counter that of Rome
A decline in the power and influence of European leaders as a result of the growing Protestant movement
A reactionary movement against would-be church reforms that led Western European nations to break with Rome

Answers

Answer:

A decrease in the political authority of the church as a result of changing religious theology

Explanation:

Martin Luther's writings led to the break up of the Catholic Church in Western and Central Europe. This is because Martin Luther's writings were very critical of certain practices of the Catholic Church, from its theology, to its practices, to its administration.

Followers of Martin Luther founded new church denominations, and were collectively known as Protestants. These new denominations weakened the Catholic Church, specially in Northern and Central Europe.

Answer:

A.) Decrease in the political authority of the church as a result of changing religious theology

Explanation:

The Delian League began as an alliance to
a.
protect the Greeks from the Persians.
b.
make Athens rich.
c.
make trade more profitable.
d.
build faster ships.

Answers

They want to protect the Greeks from the Persians

Answer:

They want to protect greeks from persians

Explanation:

should the federal goverment have more power than the state goverment

Answers

Answer:

No

Explanation:

Because the Federal Government is more than just a state.

Colonists established their own representative institutions in order to

Answers

Have rights under tax laws. Britain kept added more tax laws when the colonists has no say or no representation. They thought this was un fair so they established their own representatives. I think this is right

The ___?___ sought to regain their market for manufacturers in America by reducing the cost of their goods.

Answers

Answer:

mcdonalds

Explanation:

Answer: The British.

Help me please . ANYBODY ASAP I NEED HELP PLEASE . Respond ASAP.

Answers

Answer:

Jeff Bezos

Explanation:

Jeff Bezos works his employees to death in Amazon warehouses and on one occasion had one employee die of exhaustion and management had to cover the dead body in boxes and everyone else had to work the rest of the day, easy robber baron paragraph from that

Answer:

is Jeff

f

Explanation:

Central governments hold most of the power in a
system of government."
democratic
unitary
republic
communist

Answers

Answer:

communist

Explanation:

Answer:
i took the test and it was incorrect it is not communist.
the answer you are looking for is.....

UNITARY

I took the test
Please mark branliest
Your welcome

Explanation:

What lands was Alexander the Great able to conquer in his 13 years of reign?

Answers

Alexander, then, is seen as one of the greatest conquerors of all time because, in only 13 years as king, he was able to conquer an empire of over 2 million square miles that stretched from Greece, through the Middle East, to Central Asia and the Indian subcontinent.

Answer:He was able to conquer Anatolia, Syria, Phoenicia, Judea, Gaza, Egypt, Mesopotamia, Persia and Bactria.

Explanation:

Unlike the federal government, state
governments have the power to

A declare war against countries
B make treaties against countries
C.set the legal age for driving
D.collect a federal income tax

Answers

Answer:

C.set the legal age for driving

Explanation:

Hope this helps

Was it beneficial or harmful for america to become a nation?

No answers from google please!

Answers

beneficial hope this helps :)

How did the Spanish and Indigenous people of Mexico create Día de los Muertos?

Answers

Answer:

They adapted Aztec traditions with All Saints Day to create Dia de los Muertos, where elements of both celebrations are retained. Spanish explorers were also more likely to marry indigenous people, creating a hybrid (mestizo) culture where such cultural adaptation is a way of life.

Explanation:

Brainlest plz!!!!

What were Roman basilicas not originally used
for?
government meetings
legal proceedings
public worship
St Peter's Basilica
Rome

Answers

Answer:

Public Worship

Explanation:

Other Questions
Please help brainiest is award 3 1/3x(-3 3/5) divided by (-1/3) 3. Which of the following most likely describes an isotope? *O a. Oxygen with 27 electrons.b. Neon with 10 protons.O c. Fluorine with 35 neutrons.O d. Lithium with an atomic mass of 7 amu. what was shay's rebellion and what was it over In a personal narrative, an author explores the effects of his childhood spent in poverty. He realizes that him mother had made sacrifices that he did not appreciate at the time, Because of her efforts to ensure he had a good education, he was able to rise above his circumstances? What two topics does this narrative most clearly address? Evaluate 5 + (-4) + (-7) +2 whitch of the following is the best example of roman architecture As you read this excerpt from "Fold Here: Scientific Uses for an Ancient Art Form," notice how the writer tries to make a difficult concept easier for the reader.While the human body remains a mystery even to scientists who study it their entire lives, it is not the only far frontier. Astrophysicists find outer space equally difficult to explore and explain, and they too have considered practical and technical uses for origami. A team at San Bernardino Valley College in Southern California created Starshade, a large structure that looks like a sunflower and acts like a pair of sunglasses: By blocking out a star's overpowering rays of light, the device helps a telescope produce a clearer image of the planets that orbit the star.What analogy is used in this paragraph?A) Starshade acts "like a pair of sunglasses" by blocking out light rays.B) Astrophysicists find it difficult to explore outer space.C) The human body is still a mystery to most scientists today.D) Starshade was created by a team at San Bernardino Valley College. Source: Bulging canned foods. What is the FBI? * A sequence of nucleotides in a DNA or RNA molecular is What? The author ends the story with "My heart racing, I suddenly realized that the Colossal Coasterlooked a lot scarier up close!" Do you think the main character goes on the Colossal Coaster?Explain using examples from the text.(colossal coaster How many yards are there in 2.00 feet? (3 ft = 1 yd) I need a suspenseful narrative with a continuous dialogue. Best story gets brainliest help me please I will mark brainlyest If a boomerhing is thrown 10 m in a straight line and returnsexactly to the spot it was thrown what is its displacement? Which is and example of a universal theme.A. If you expect to be happy, you must give to charity.B. You should always treat your friends kindly.C. You should always do research before buying a carD. One cannot have friends if one does not act like a friend What economic outcome does Blanc predict resulting from "...the reign of free competition..."?A. overabundance of cheap importsB. inferior goods flooding the domestic marketC. continuous decline of wagesD. market preference of hiring cheap unskilled workersE. monetary inflation What does it take to be a National Artist? Ryan Terlecki organized a new Internet company, CapUniverse, Inc. The company specializes in baseball-type caps with logos printed on them. Ryan, who is never without a cap, believes that his target market is college and high school students. You have been hired to record the transactions occurring in the first two weeks of operations. a. Issued 2,700 shares of $0.01 par value common stock to investors for cash at $27 per share. b. Borrowed $68,000 from the bank to provide additional funding to begin operations; the note is due in two years. c. Paid $1,150 for the current month's rent of a warehouse and another $1,150 for next month's rent. d. Paid $1,800 for a one-year fire insurance policy on the warehouse (recorded as a prepaid expense). e. Purchased furniture and fixtures for the warehouse for $10,000, paying $3,000 cash and the rest on account. The amount is due within 30 days. f. Purchased for $3,200 cash The University of Pennsylvania, Notre Dame, The University of Texas at Austin, and Michigan State University baseball caps as inventory to sell online. g. Placed advertisements on Google for a total of $250 cash. h. Sold caps totaling $2,300, half of which was charged on account. The cost of the caps sold was $1,500. (Hint: Make two entries.) i. Made full payment for the furniture and fixtures purchased on account in (e). j. Received $250 from a customer on account.Required: For each of the transactions, prepare journal entries. is as easy as falling into a pool a idiom,simile,metaphor or alliteration