Chipper's golf resort is in the process of purchasing rare kauri wood from new zealand to be made into an impressive mantle on the fireplace of its new clubhouse. before disbursing payment to the new zealand dealer, the director of the construction project is concerned about the timeliness of delivery as well as the quality of the slab of wood once it is delivered. as the representative of chipper's bank, you suggest that the golf resort sign a(n):

Neveready flashlights inc. needs $317,000 to take a cash discount of 3/15, net 70. a banker will loan the money for 55 days at an interest cost of $13,200. a. what is the effective rate on the bank loan? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) b. how much would it cost (in percentage terms) if the firm did not take the cash discount but paid the bill in 70 days instead of 15 days? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) c. should the firm borrow the money to take the discount? no yes d. if the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $317,000? e-1. what would be the effective interest rate in part d if the interest charge for 55 days were $7,200?

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What is the correct percentage of texas teachers charged with ethics violations each year?