The raattama corporation | Accounting homework help

The Raattama Corporation had sales of $3.5 favorite decisive year, and it earned a 5% produce (following taxes) on sales. Recently, the adjust has oppressed after in its accounts payable. Although its stipulations of acquisition are intrap 30 days, its accounts payable state 60 days’ acquisitions. The adjust’s treasurer is seeking to growth bank borrowings in adjust to grace floating in parley its traffic obligations (that is, to possess 30 days’ payables ungathered). The adjust’s poise shuffle is as follows (in thousands of dollars):



Accounts payable


Accounts receivable


Bank mortgages






Floating Assets


Floating liabilities


Land and buildings


Mortage on existent estate




Common fund, $0.10 par




Retained earnings


Entirety Assets


Entirety liabilities and equity


a. How abundant bank financing is needed to reject the past-due accounts payable?

b. Exhibit that the bank earn mortgage the solid the whole congenial in allot a. The stipulations of the mortgage offered are 8%, mere concern, and the bank uses a 360-day year ce the concern consideration. What is the concern carry ce individual month? (Exhibit there are 30 days in a month.)

c. Now repudiate allot b and exhibit that the bank earn mortgage the solid the whole congenial in allot a. The stipulations of the mortgage are 7.6%, add-on concern, to be repaid in 12 monthly installments.

1. What is the entirety mortgage whole?

2. What are the monthly installments?

3. What is the APR of the mortgage?

4. What is the powerful reprove of the mortgage?

d. Would you, as a bank mortgage official, construct this mortgage? Why or why not attributable attributable?

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