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4 years ago

Indicate three reasons why a company might sell its receivables to another company

1 answer:

4 0

To accelerate access to amount collected.
They want the money now! They may need the cash to meet the demand on their payables, or a new asset acquisition.

Receivables may be the only reasonable source of cash.

I hope that helped

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Compounding refers to the growth process that turns $1 today into a greater value several periods in the future.

Marizza181 [45]

The above statement is TRUE. Compounding is the process by which the worth of an investment increases because the earnings on an investment, which is made up of the capital gains and interest earn interests as time passes.

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4 years ago

Choose the correct statement regarding the structure of the plasma membrane. Multiple Choice

Nuetrik [128]

Answer:D

Explanation:

The movement of protein in the plasma membrane allows for cellular adaptation to the extracellular environment

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3 years ago

A high-interest savings account pays 5. 5% interest compounded annually. If $300 is deposited initially and again at the first o

Arte-miy333 [17]

For the given question, the summation that represents the money in account is:

$\begin{aligned}\sum_{10}^{n=1}316.5(1.055)^{n-1} \end{aligned}$

The principal amount if compounded annually, the formula that represents the amount to be received after n years is:

$\rm A = P(1 + \dfrac{r}{100})^t$ where A is the amount received after compounding, P is the principal, r is the rate of interest and t is the tenure.

<h3>Solution:</h3>

Given:

Annual interest rate(r) is 5.5%

Principal is(P) $300

Tenure is(t) 10 years

On substituting the values in the formula $\rm A = P(1 + \dfrac{r}{100})^t$

The amount received after compounding at the end of 1 year will be:

$\rm A = 300(1 + \dfrac{5.5}{100})^1\\
\\
A=300(1.055)\\
\\
A=\$316.5$

Similarly, the amount to be received after 2 years will be:

$316.5+316.5(1.055)$

The amount received after 10 years will be:

$316.5+316.5(1.055)+316.5(1.055)^2+.......$ upto 10 years

Therefore the summation that represents the money in account after 10 years is:

$\begin{aligned}\sum_{10}^{n=1}316.5(1.055)^{n-1} \end{aligned}$

Learn more about compound interest here:

brainly.com/question/25857212

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2 years ago

Zach is a franchisee with Digger's Doggies, a chain of hotdog shops. He was doing well until several other Digger's Doggies fran

katrin2010 [14]

Answer: C. the coattail effect.

Explanation: Coattail effect refers to situations in which the actions of other franchises in one way or the other affects the success or failure of one particular franchise's business.

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3 years ago

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John is planning to take out a personal loan for $4,500 to buy a car. He would like to keep his monthly payments at or below $15

klemol [59]

The greatest interest rate that John can accept and meet the criteria is 12.25% compounded monthly

The monthly payment formula for a loan:

$p= (\frac{pv \times r}{1-(1+r} )^{nt}$