Dr. ruth is going to borrow $8,400 to write a book. the loan is for one year and the money can either be borrowed at the prime rate or the libor rate. assume the prime rate is 8 percent and libor 1.3 percent less. also assume there will be a $48 transaction fee with libor (this amount must be added to the interest cost with libor).

a.
what is the effective interest rate on the libor loan?

Juan has a retail business selling skateboard supplies he maintains large stockpiles of every item he sells in a warehouse on the outskirts of town he keeps finding that he has to reorder certain supplies all the time but others only once a year how can he solve this problem?

If his parents cannot alex with college, and two of his scholarships will be awarded to other students if he does not accept them immediately, which is the best option for him?

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.