Mary's credit card situation is out of control because she cannot afford to make her monthly payments. she has three credit cards with the following loan balances and aprs: card 1, $4 comma 3004,300, 2121%; card 2, $5 comma 8005,800, 2525%; and card 3, $3 comma 1003,100, 1717%. interest compounds monthly on all loan balances. a credit card loan consolidation company has captured mary's attention by stating they can save mary 2323% per month on her credit card payments. this company charges 16.516.5% apr. is the company's claim correct? assume a 1010-year repayment period.

If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine

An arithmetic progression involves the addition of the same quantity to each number.which might represent the arithmetic growth of agricultural production

An allergy products superstore buys 6000 of their most popular model of air filters each year. the price of the air filters is $18. the cost of ordering and receiving shipments is $12 per order. accounting estimates annual carrying costs are 20% of the price. the supplier lead time is 2 days. the store operates 240 days per year. each order is received from the supplier in a single delivery. there are no quantity discounts. what is the store’s minimum total annual cost of placing orders & carrying inventory?