This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Hyper Retail Outlets sell goods on terms of net 40. The store's average monthly sales (all on ... (Read 123 times)

cdr_15

  • Hero Member
  • *****
  • Posts: 546
on: Jul 10, 2018
Hyper Retail Outlets sell goods on terms of net 40. The store's average monthly sales (all on credit)
  are 70,000.
 
  Hyper pledges all of its receivables to the bank, which advances 80 of the face value
  of the receivables at a rate of 2.5 above prime. The bank also charges a 1 processing fee on all
  receivables pledged. Hyper borrows the full amount possible, and the current prime rate is 5.
  What is the annual percentage rate (APR) of using this source of financing for one full year?
  A) 23.5 B) 21.8 C) 22.5 D) 19.1

Question 2

Mammoth Mart's common shares are currently trading for 59.85 and the company paid its annual dividend of 0.60 per share.
 
  If your required rate of return is 12, what is the implied growth rate in dividends? (Assume that dividends are expected to grow at a constant rate in perpetuity.)
  A) 1.00
  B) 8.46
  C) 10.89
  D) 11.00
  E) 11.46
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

isabelt_18

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jul 10, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 55% of students answer this correctly


cdr_15

  • Member
  • Posts: 546
Reply 2 on: Jul 10, 2018
Excellent

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Land Plant Reproductive Terms Land Plant Reproductive Terms
Medical Terms and Corresponding Synonyms Cont Medical Terms and Corresponding Synonyms Cont
As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ... As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ...
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
As a result of a hole in the graph, which of the following functions does not have an average ... As a result of a hole in the graph, which of the following functions does not have an average ...
Draw an Edgeworth box for two consumers over two goods Draw an Edgeworth box for two consumers over two goods
Video: ATPase function - membrane transport, contractile proteins and synthesis

For a complete list of videos, visit our video library