Charmin paper company sells to the 12 accounts listed next. account receivable balance outstanding average age of the account over the last year a $ 60,100 28 b 123,000 43 c 79,600 15 d 24,900 61 e 50,300 43 f 311,000 33 g 33,500 20 h 317,000 72 i 41,600 35 j 92,800 53 k 249,000 18 l 64,000 33 capital financial corporation will lend 90 percent against account balances that have averaged 30 days or less; 80 percent for account balances between 31 and 40 days; and 70 percent for account balances between 41 and 45 days. customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. the current prime rate is 16.50 percent, and capital charges 3.50 percent over prime to charmin as its annual loan rate. a. determine the maximum loan for which charmin paper company could qualify. maximum loan amount $ b. determine how much one month’s interest expense would be on the loan balance determined in part a.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

im confused need to go into details plz thx

answer///video, because samuel can show his work in real time and be better understood;