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: 1
History, 21.06.2019 15:30
Which was not a problem faced by farmers in the late 19th century
Answers: 1
History, 21.06.2019 23:00
In 1819, what did the united states obtain from spain for $5 million?
Answers: 2
History, 21.06.2019 23:30
Which of the following was a goal of the albany movement? question 10 options: a. to declare albany, georgia the new state capital b. to move african american residents of albany, georgia to integrated cities in the state c. to bring an end to segregation in albany, georgia d. to elect african americans to political office in albany, ga
Answers: 2
History, 22.06.2019 06:00
What event ultimately started world war 2 and ended britain and frances attempt to prevent war?
Answers: 3
Your firm sells for cash only, but it is thinking of offering credit, allowing customers 90 days to...
Mathematics, 30.10.2020 16:50
English, 30.10.2020 16:50
Business, 30.10.2020 16:50