Business, 03.08.2021 16:10 mrashrafkotkaat
Biochemical Corp. requires $580,000 in financing over the next three years. The firm can borrow the funds for three years at 12.90 percent interest per year. The CEO decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 9.75 percent interest in the first year, 14.50 percent interest in the second year, and 10.90 percent interest in the third year. Assume interest is paid in full at the end of each year.
a. Determine the total interest cost under each plan. Interest Cost Long-term fixed-rate Short-term variable-rate
b. Which plan is less costly?
a. Short-term variable-rate plan
b. Long-term fixed-rate plan
Answers: 2
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Beagle autos is known for its affordable and reliable brand of consumer vehicles. because its shareholders expect to see an improved rate of growth in the coming years, beagle's executives have decided to diversify the company's range of products so that at least 40 percent of the firm's revenue is generated by new business units. however, the company's resources, capabilities, and competencies are limited to producing other forms of motorized vehicles, such as motorcycles and all-terrain vehicles (atvs). which type of corporate diversification strategy should beagle pursue?
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Biochemical Corp. requires $580,000 in financing over the next three years. The firm can borrow the...
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