Buy Lo Stores purchases its inventory from its suppllers on terms of 2/10 net 30. As it needs cash to pay off a loan that is coming due it decides not take the discount and delay payment until the 41th day. What would be the EFFECTIVE rate it pays by delaying its payment? Enter only numbers and decimal (do not use sign) Information Flag question BMI Ltd. had arranged with the bank for a 6 month line of credit of $200,000 at prime plus 2%. Prime rate is 4%. The bank charges 0.5% commitment fee on any unused balance. BMI Ltd. ended up using only $160,000 for 4 months Calculate the total cost of financing for the Line of Credit below. Question 24 Not yet answered Marked out of 3.00 Flag question a. On the BMI Line of Credit: what is the total interest charged: S Question 25 Not yet answered Marked out of 3.00 P Flag question b. On the BMI Line of Credit: what is the total commitment fee charged $ Question 16 Not yet answered Marked out of 4,00 Flag question Springer Corp. has 12,000 cumulative preferred shares that pay a dividend of $1.00 per share. It also has 30,000 common shares outstanding. In 2018 and 2019 it did not pay any dividends due to poor earnings. This year in 2020, the Board of Directors decided to pay out $70,000 in dividends. What is the amount of the dividends that would be paid to the common shareholders? Enter only numbers (do not use a $ sign or comma). $ Question 12 Not yet answered Marked out of 2.00 Flag question HiStock Corp's stock is now at $350 per share. Management is proposing to have a stock split of 9:1 in order to get the stock price down to a more optimal trading level. What would the stock price be after the split? Enter only numbers and decimal (do not use a sign); $