Sheffield Corp. had credit sales of $1696000. The beginning accounts receivable balance was $175000 and the ending accounts receivable balance was $297000. Using the direct method of reporting cash flows from operating activities, what were the cash collections from customers during the period

You are looking at a one-year loan of $16,500. the interest rate is quoted as 8.7 percent plus two points. a point on a loan is 1 percent (one percentage point) of the loan amount. quotes similar to this one are common with home mortgages. the interest rate quotation in this example requires the borrower to pay two points to the lender up front and repay the loan later with 8.7 percent interest. what rate would you actually be paying here?