The d. j. masson corporation needs to raise $700,000 for 1 year to supply working capital to a new store. masson buys from its suppliers on terms of 3/10, net 90, and it currently pays on the 10th day and takes discounts. however, it could forgo the discounts, pay on the 90th day, and thereby obtain the needed $700,000 in the form of costly trade credit. what is the effective annual interest rate of this trade credit? assume a 365-day year. do not round intermediate calculations. round your answer to two decimal places.

What are two benefits of consumer programs

At december 31, 2016, pina corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,810 shares $10,781,000 common stock, $5 par, 4,026,000 shares 20,130,000 during 2017, pina did not issue any additional common stock. the following also occurred during 2017. income from continuing operations before taxes $21,950,000 discontinued operations (loss before taxes) $3,505,000 preferred dividends declared $1,078,100 common dividends declared $2,300,000 effective tax rate 35 % compute earnings per share data as it should appear in the 2017 income statement of pina corporation

Donna and gary are involved in an automobile accident. gary initiates a lawsuit against donna by filing a complaint. if donna files a motion to dismiss, she is asserting that