The following information relates to Rodeo Corporation.

  1. The following information relates to Rodeo Corporation.
  2. Current assets                  $70,000
  3. Current liabilities               $52,500
  4. Long-term assets               $210,000
  5. Long-term liabilities            $140,000
  6. Based on this information, the amount of the current assets financed by the long-term liabilities is:​
  7. a.​$12,500.
  8. b.​$17,500.
  9. c.​$52,500.
  10. d.​$70,000
  11. .e.​$102,500.

​Grant Technologies is planning to get a 210-day $300,000 simple interest loan from its bank with a quoted interest rate of 11 percent and a 20% compensating balance requirement. Assuming there are 360 days in a year and Grant currently holds no funds at the lending bank, what is the annual percentage rate (APR) of the loan? (Round your answer to two decimal places.)

a.​12.55%

b.​12.85%

c.​13.35%

d.13.05%​

e.​13.75%

The following information relates to Musk Corporation.

Inventory conversion period              15 days

Closing inventory                     $28,000

Assuming there are 360 days in a year, what is the company’s total cost of goods sold during the year? (Round your answer to two decimal places.)​

a.​$580,000

b.​$475,000

c.​$550,000

d.​$750,000

e.​$672,000

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more