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Vlad1618 [11]
2 years ago
15

A Chinese exporter sells $200,000 of toys to a French importer. The Chinese exporter requires the French importer to obtain a le

tter of credit. When the bank accepts the draft, the exporter discounts the 90-day note at a 4 percent discount. What does the exporter's true effective annual financing cost?
Business
1 answer:
GuDViN [60]2 years ago
4 0

Answer:

0.0416483 or 4.16%

Explanation:

Annual percentage rate, APR = 4%

Value of toys sold = $200,000

Note period = 90 day

N = 365 ÷ 90

= $200,000 × [1 - (0.04 × 90/360)]

= $198,000

Effective annual financing cost:

=(\frac{Value\ of\ toys\ sold}{Calculated\ value} )^{\frac{365}{90} }-1

=(\frac{200,000}{198,000} )^{\frac{365}{90} }-1

= 1.0416483 - 1

= 0.0416483 or 4.16%

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Cotton Brokers, Inc., enters into a contract to sell denim clothing to Delite Natural Fashion store, which in turn sells a pair
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B

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Henry Jones contributed equipment, inventory, and $57,300 cash to a partnership. The equipment had a book value of $27,800 and m
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Answer:

A. $86,900

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Henry’s capital account will be credited by the amount of $86,900. See computation below.

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3 years ago
Which scenario most strongly indicates that workplace rules will have to be changed to resolve the conflict
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The scenario that show workplace rules need to be changed is Workers voting to disband their union because they feel that it has not adequately represent their interest.

<h3>What is a workplace?</h3>

A workplace is a designated location or place where employees of and employer work or a place where workers perform their designated duties.

Therefore, The scenario that indicate workplace rules need to be changed to resolve conflict is Workers voting to disband their union because they feel that it has not adequately represent their interest.

The question is incomplete are the options were not given.

Here are the options from another website.

  • A lack of deadlines for research staff, preventing other staff members from getting information in a timely fashion
  • Line workers and executives not eating together at lunch, except for onescheduled day each month
  • An employee threatening to quit, because he did not get a raise that he hadcounted on and believed he deserved
  • Workers voting to disband their union because they feel that it has not adequately represent their interest.

Learn more about workplace below.

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Each listed stock option contract gives the holder the right to buy or sell __________ shares of stock.
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Every indexed stock choice agreement offers the holder the right to buy or promote a hundred shares of stock.

A share is a piece of the agency an investor can personalize. A proportion is a unit of ownership (e.g., you very own 10 shares), whereas inventory is a measurement of fairness (e.g., you personal 10% of the agency). think of stocks as a small portion of an enterprise.

Definition: 'stock' represents the holder's part-possession in a single or several groups. in the meantime, 'percentage' refers to an unmarried unit of possession in a corporation. as example, if X has invested in stocks, it is able to imply that X has a portfolio of shares across special companies.

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