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 185 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
:D TYSM

kalskdjl1212

  • Member
  • Posts: 353
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Average winter rainfall and variation in rainfall among sites inhabited by Suromalus ater Average winter rainfall and variation in rainfall among sites inhabited by Suromalus ater
Change in Emotional States During Adolescence Average emotional state becomes teadilyi more negativ Change in Emotional States During Adolescence Average emotional state becomes teadilyi more negativ
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 ...
Average Hourly Earnings of U.S. Workers in Current and Constant Dollars Average Hourly Earnings of U.S. Workers in Current and Constant Dollars
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library