You can buy an item for $130 on an in-store payment plan with the promise to pay $130 in 90 days. suppose you can buy an identical item for $126 cash. if you buy the item for $130, you are in effect paying $4 for the use of $126 for three months. what is the effective annual rate of interest? ignore interest rate compounding. (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)

An outside manufacturer has offered to produce 60,000 daks and ship them directly to andretti's customers. if andretti company accepts this offer, the facilities that it uses to produce daks would be idle; however, fixed manufacturing overhead costs would be reduced by 75%. because the outside manufacturer would pay for all shipping costs, the variable selling expenses would be only two-thirds of their present amount. what is andretti's avoidable cost per unit that it should compare to the price quoted by the outside manufacturer?

For 2018, rahal's auto parts estimates bad debt expense at 1% of credit sales. the company reported accounts receivable and an allowance for uncollectible accounts of $86,500 and $2,100, respectively, at december 31, 2017. during 2018, rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off. rahal's accounts receivable at december 31, 2018, are:

Which stage of group development involves members introducing themselves to each other?