According to the textbook, if the children’s buyer licensed tee shirt order was invoiced on June 25th for $10,600. The terms on the order were 8/10 EOM. is the amount the buyer should pay if the order is paid on time by the due date and the last payment date for this order in order to deduct the discount would be

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?

Why are there so many types of diversion programs for juveniles

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