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

In what year did the French Revolution begin? Was it shortly before or shortly after the American Revolution?

Answers

Answer:

the french revoloution started on May 1789 while the american revolution started in 1765 so that means the American revolution started 24 years before

Explanation:

Who was the wall of hadrian supposed to keep out?

Answers

Answer:Emperor Hadrian

Under Hadrian's orders, the Roman governors of Britain began building the wall that would later be named for the emperor to defend the part of Britain they controlled from attack. In Hadrian's words, they wanted to “separate Romans from the barbarians” to the north.

What was Hadrian's Wall? Hadrian's Wall was a stone barrier built to separate the Romans and the Picts tribes in Scotland. It allowed Roman soldiers to control the movements of people coming into or leaving Roman Britain.

-Hope this Helped-

who wrote 1812 over tour

Answers

Answer:  Pyotr Ilyich Tchaikovsky

(HELP ASAP)The map shows disputed territory in Louisiana during the 1810s.



Which area was annexed by the United States after the 1810 revolt and later added to Louisiana?

Mississippi Territory
Spanish Texas
disputed territory in the east
disputed territory in the west

Answers

Answer:

disputed territory in the west

Answer: Disputed territory in the EAST!!! I got it right in Edge

Explanation:

what was the treaty of paris

Answers

Explanation:

There are multiple. The Treaty of Paris of 1763 ended the French and Indian war. Then the Treaty of Paris of 1783 ended the American Revolution. The Treaty of Paris of 1898 ended the Spanish American war.

Strong metal tools allowed Bronze Age farmers to grow surplus crops and trade them with neighbors for goods such as tools. The farmers needed a method for recording their exchanges and keeping track of how much surplus they had left. Which of these conclusions do these two events most strong support? O A. Writing gave rise to the trade of items. OB. Writing was necessary for the invention of advanced tools. OC. Writing was an indirect result of the rise of technology D. Writing led to an increase in agricultural output​

Answers

Answer:d

Explanation:

Withe the use of writing they were able to plant more and more crops year round

What are three facts about sans-culottes?

Answers

Answer:

They are askedThey are toldThey are written [tex]hope[/tex] it helps

Explanation:

What two ideas were rejected in the Haitian Declaration of Independence?

A) religion and monarchy

B) french colonialism and slavery

C) democracy and liberty

D) capitalism and industry

Answers

Answer:

B) french colonialism and slavery

A logical conclusion from this map is that the

Answers

Answer:

Florida gained representation in Congress.

Florida voters choose their state representatives, state senators, and representatives to the U.S. House of Representatives from newly drawn districts following each decennial Census.

Who votes for senators in Florida?

Florida residents elect senators to represent them and the district where they reside. Every senator is required to reside in the district they are elected to represent. Senators are chosen to serve terms of four years.

In order to represent their state in the U.S. Senate, each state nominates two senators. In contrast, a state's representation in the House of Representatives is determined by its population. Smaller states like Vermont and Delaware, for instance, have just one representative, whereas big states like California have 53.

Learn more about Florida here:

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The founding rules or principles used to form and establish a government are called ______________.
a.
a republic
b.
a constitution
c.
a grant
d.
a doctrine
answer honestly!

Answers

The correct answer to this question is letter "c. a doctrine that the state is founded on rules established by citizens and rulers to which all are bound." Constitutionalism is best defined as a doctrine that the state is founded on rules established by citizens and rulers to which all are bound.

Answer:

B

Explanation:

Think about it. Remember The U.S. consitution? It is official and legal and you cannot go against the rules. They are the rules of the U.S. to establish the government, so it would be B.

Apologies if this is incorrect, but I believe that the answer is right!

Whose expedition is outlined on the map above?
A. Long’s
B. Lt. Pike’s
C. Sibley’s
D. Nuttall’s

Answers

Answer:

D. Nuttall’s

Explanation:

Just took it

Answer:D

Explanation:

just took the test

The treaty which was signed by Spain and Portugal dividing the world into spheres of influence.
Mayflower Compact
House of Burgasses
The Great Treaty
Treaty of Tordesillas

Answers

Answer:

Treaty of Tordesillas

Describe the three types of party systems and give examples of each.

Answers

Answer:

democratic

monarchy

heditary

Frederick Douglass fought for the adoption of constitutional amendments that guaranteed-
O voting rights
O rights to bear arms
O freedom of speech
O freedom of religion

Answers

The first one. Voting rights.

Many of the Declaration of Man's principles are broad and idealistic. Choose one to analyze, addressing the potential problems that could arise when it becomes implemented as a law.

Answers

Answer:

none of the obove

Explanation:

right

Which of the following could be considered working for the public interest?
A.
searching for a cure for a disease
B.
military service as a career
C.
being a member of Congress
D.
all of these choices could be considered working for the public interest

Answers

Answer:

D

Explanation:

cause all is helping the public

I would say D since picking any other one would leave the others out, and technically all of them are helping roles

Who was the first person who made chocolate ?

Answers

Answer:

joseph fry

Explanation:

The creation of the first modern chocolate bar is credited to Joseph Fry, who in 1847 discovered that he could make a moldable chocolate paste by adding melted cacao butter back into Dutch cocoa

did the federalists or the republicans best embody the principles of the revolution?

Answers

Answer:republicans

Explanation:

Urgent!!! Can someone please answer these questions? Thank you so much! (Worth 20 points and will give brainliest to the first one with correct answers!)


1. What is Evolutionism?

2. What is Creationism?

3. What is the biggest argument of Brazilian physicist Adauto Lourenço about Creationism?

4. Name 2 evolutionary scientists and what they observed.

5. How was Egypt created?

6. How did the Egyptians manage to create an empire and survive?

8. Explain the political and social organization of Egypt.

9. Talk about religion and give examples.

10. What were the pyramids for?

11. When people stopped being nomads, the first ________ appeared.

12. What does Mesopotamia mean?

13. The first civilizations allowed that ________.

14. The Sumerians invented ________.

15. Commerce started when ________.

17. The Sumerians were the first to use what for transportation?

18. What was the Hamurabi code?

19. How did ancient Mesopotamians record information?

20. Which civilization organized the week in 7 days?

21. What was a Ziggurat?

22. Compared to the fall of Egypt, how can today's society come to an end? Explain your idea.

23. Do you think that the fusion of cultures brings benefits or harms? Explain your idea.



Thank you in advance!

Answers

Answer:

The five theories were: (1) evolution as such, (2) common descent, (3) gradualism, (4) multiplication of species, and (5) natural selection. Someone might claim that indeed these five theories are a logically inseparable package and that Darwin was quite correct in treating them as such.

Explanation:

what is creationism? the belief that the universe and living organisms originate from specific acts of divine creation, as in the biblical account, rather than by natural processes such as evolution.

whos better


juice wrld or post malone

Answers

Answer:

hey, sasuke here

Explanation:

In my opinion I like juice wrld better bc his rapping sounds better and has a unique way of making music i guess?

hope this helps

Answer:

post Malone

Explanation:

rip juice world though

Which statements best explain the role that Sufis played in Islam and Islamic culture? Choose three correct answers. Sufis avoided sharing their faith and beliefs with others. Sufis believed that it was important to study the works of Greek philosophers. Sufis created new forms of art and culture, including dance. Sufis shared ideas and traditions about how best to encounter Allah. Sufis helped to spread Islam by serving as missionaries.

Answers

Answer: Trade provided an opportunity for people to share forms of art and architecture.

Trade helped people discover other forms of government.

Trade spread religious customs between different groups of people.

Explanation: I just did it and got it right

The statements best explain the role that Sufis played in Islam and Islamic culture:

Sufis created new forms of art and culture, including dance. Sufis shared ideas and traditions about how best to encounter Allah.Sufis helped to spread Islam by serving as missionaries.

What role did Sufis play in Islam?

Sufism might best be characterized as Islamic mysticism or asceticism, which through practice and belief enables Muslims to become closer to Allah via an intimate encounter with God. Although there have been different theories about the term's origins, it is generally accepted that it comes from the Arabic word 'suf', which describes the wool that mystics and ascetics would have worn in the past.

Islam's primary tenet is the pursuit of a path that brings one closer to God and finally results in a meeting with him in the hereafter. Sufi theology, however, holds that this closeness can be realized in this life. The ceremony of dhikr, which entails continuous, contemplative recollection of God, is a key aspect of Sufi prayer.

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Facts and detailed information about "Traditional African Art".

Answers

Answer:

African art describes the modern and historical paintings, sculptures, installations, and other visual culture from native or indigenous Africans and the African continent. The definition may also include the art of the African diasporas, such as African American, Caribbean, or art in South American societies inspired by African traditions. Despite this diversity, there are unifying artistic themes present, when considering the totality of the visual culture from the continent of Africa.

Explanation:

Which of the following missions was successful? a. San Sabá b. Nacogdoches c. San Xavier d. San Antonio

Answers

Answer:

D San Antonio

Explanation:

Answer: its d

Explanation:

An opinion expressed in a letter written by an angry leader

Answers

Answer:

is a angry letter

Explanation:

Which number is closest me

Answers

Answer:

B

Explanation:

The square root of 66 is 8.124038. Which rounds down to 8.1. :)

what describes the ancient empire of Ghana?

Answers

Answer:

hi...

Explanation:

The Ghana Empire (c. 300 until c. 1100), properly known as Wagadou (Ghana being the title of its ruler), was a West African empire located in the area of present-day southeastern Mauritania and western Mali.

hope this helps!

Answer:

Which of the following describes the ancient empire of Ghana?

A.) Isolated from other empires

B.) Neutral in other groups’ conflicts

C.)  Dependent on distant empires

D.)  Active in trade with others

Explanation:

I would say D. Active in trade with others... Because at the time of the Ghana Empire they were very rich and wealthy and you get rich and wealthy through trade with others.

Trade routes helped eliminate the spread of the black plague

Question 2 options:
True
False

Answers

Trade routes made the Black Plague worsen, as it spread it at very fast rates

So this would be false


Hunter-gatherers were nomads who migrated in search of

Answers

Answer:

food, water and shelter :)

Explanation:

Shays’ Rebellion was led by angry.

A. British
B. Farmers
C. Slaves

Answers

Answer:

B

Explanation:

Georgia claimed the land of American Indians who

A) sided with the British during the American Revolution.
B) refused to learn the English language.
C) offered to trade their land for manufactured goods.
D) sided with the French during the American Revolution.

Answers

Answer:

A

Explanation:

A) sided with the British during the American Revolution.

Answer:

the answer is A, have a good day

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Is there a specific order in which the financial statements must be prepared?3. Explain how to prepare each statement.Requirements 1, 2, and 3. What are the four financial statements that the business will need to prepare? Is there a specific order in which the financial statements must beprepared? Explain how to prepare each statementIn the first column, select the four financial statements that the business will need to prepare. In the second column, select the number corresponding with the order the financial statements must be prepared. If there is no specific order, select "n/a" for each statement. In the third column, select the letter grouping that corresponds with the proper explanations for how to prepare each statement.1. Financial statement 2. Order 3. How to preparea. Each asset account is listed separately and then totaled. Cash is always listed first.b. Each dollar amount is calculated by evaluating the cash column on the transaction detail.c. Each expense account is listed separately from largest to smallest and then subtotaled if necessary.d. Financing activities include cash contributions by the owner and owner withdrawals of cash.e. Investing activities include the purchase and sale of land and equipment.f. Liabilities are listed separately and then totaled. Liabilities that are to be paid first are listed first.g. Net income is calculated as total revenues minus total expenses.h. Operating activities involve cash receipts for services provided and cash payments for expenses paid.i. The beginning capital is listed first and will always be the ending capital from the previous time period.j. The ending cash balance must match the cash balance on the balance sheet.k. The header includes the name of the business, the title of thestatement, and the date, listed as a period of time.l. The header includes the name of the business, the title of thestatement, and the date, listed as a specific date.m. The owner's contribution and net income are added to the beginning capital.n. The owner's equity is taken directly from the statement ofowner's equity.o. The owner's withdrawals are subtracted from capital. If there had been a netloss, this would also be subtracted.p. The revenue accounts are always listed first and then subtotaled if necessary.q. This statement must always balance. Assets = Liabilities + Equity Consider this equation.7.8 + 2(0.75m + 0.4) = -6.4m + 4(0.5m - 0.8)Mia solved the equation and determined that m = 2. Is she correct?She is incorrect because when substituting 2 for m the result was a true statement. She is incorrect because when substituting 2 for m the result was a false statement.She is correct because when substituting 2 for m the result was a true statement.She is correct because when substituting 2 for m the result was a false statement.Can someone please help me? 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