Skilantic company needs to pay a supplier’s invoice of $60,000 and wants to take a cash discount of 2/10, net 40. the firm can borrow the money for 30 days at 11% per annum plus a 9% compensating balance. [ 57 ] assuming skilantic borrows the money on the last day of the discount period and repays it 30 days later, the effective interest rate on the loan is

An important source of public scrutiny is "watchdogs." these are: the efforts of a firm's competitors, including how often the competitors attack the firm's strategies. taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets. companies designated by the government to only produce products that support the government defense program. socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.