Question

Kantorovich Company normally takes 30 days to pay for its average daily credit purchases of $2,000. It has average daily sales of $3,000, and collects accounts in 25 days. What is its net credit position? A) $15,000 B) $1,000 C) ($1,000) D) ($15,000) (A) $15,000 B) $1,000 C($1,000) D ($15,000) Question 10 1 Point If Analog Computers can borrow at 29% annually for three years, what is the effective rate of interest on a $1,000,000 loan where a 5% compensating balance is required? A 11.18% B) 17.27% C 9.41% D 24%

          Kantorovich Company normally takes 30 days to pay for its average daily credit purchases of $2,000. It has average daily sales of
$3,000, and collects accounts in 25 days. What is its net credit position?
A) $15,000
B) $1,000
C) ($1,000)
D) ($15,000)
(A) $15,000
B) $1,000
C($1,000)
D ($15,000)
Question 10
1 Point
If Analog Computers can borrow at 29% annually for three years, what is the effective rate of interest on a $1,000,000 loan where a
5% compensating balance is required?
A 11.18%
B) 17.27%
C 9.41%
D 24%

Kantorovich Company normally takes 30 days to pay for its average daily credit purchases of 2,000. It has average daily sales of3,000, and collects accounts in 25 days. What is its net credit position?
A) 15,000
B)1,000
C) (1,000)
D) (15,000)
(A) 15,000
B)1,000
C(1,000)
D (15,000)
Question 10
1 Point
If Analog Computers can borrow at 29% annually for three years, what is the effective rate of interest on a $1,000,000 loan where a
5% compensating balance is required?
A 11.18%
B) 17.27%
C 9.41%
D 24%

Added by Trinidad W.

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