Sanjay is a manager at Ridgeway Appliance Corp. and is responsible for helping the company reach its goal of purchasing a manufa
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Answer: Sky's effective interest rate on this loan is 8.39%.
In this question, we assume that interest is compounded annually.
Since Sky issues a non-interest bearing note, Star Finance will deduct 7 months' interest at 8% on the Face Value of the loan and pay the rest as principal to Sky.
Face value of the note $16 million
Discount Rate p.a 8%
Tenure of the note 7 months
[tex]Loan Amount received by Sky = Face Value - Discount on note[/tex]
So, Sky pays an interest of 0.746666667 on a sum of 15.25333333 for 7 months. This works out to a seven month interest of:
From this we can work out the effective interest rate for Sky as follows:
Answer: Attached below is the missing data related to your question
answer : 66 boxes
Explanation:
<u>Determine the number of boxes of screws that ADR should order </u>
we can determine the number of boxes by applying the relationship below
Q ( quantity of boxes ) = d ( T + L ) + SS - I ------ ( 1 )
where: d = 2 ( average daily demand )
T = 21 ( frequency of visit by local rep )
L = 4 ( lead time )
SS = 20 , I = 4
back to equation 1
Q = 2 ( 21 + 4 ) + 20 - 4
= 2 ( 25 ) + 16
= 50 + 16 = 66 boxes
