Z-mart uses the perpetual inventory system and allows customers to use the z-mart store credit card in charging purchases. z-mart assesses a per-month interest fee for any unpaid balance on its store credit card at each month-end. apr. 30 z-mart sold merchandise for $1,000 (that had cost $650) and accepted the customer’s z-mart store credit card. may 31 z-mart recorded $4 of interest earned from its store credit card as of this month-end. prepare journal entries to record the above selected credit card transactions of z-mart.

The next dividend payment by savitz, inc., will be $2.08 per share. the dividends are anticipated to maintain a growth rate of 6 percent forever. if the stock currently sells for $42 per share, what is the required return?

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan

Which of these makes a student loan different from other types of loans