Biochemical corp. requires $660,000 in financing over the next three years. the firm can borrow the funds for three years at 12.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 9.50 percent interest in the first year, 14.25 percent interest in the second year, and 10.75 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.

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.

Rahm's credit card issuer calculates interest based on the outstanding balance at the end of the last billing period. what is this method of calculating interest on a credit card called?