Carla Vista Technologys operating cycle is 85 days. Its inventory was $111,000 at the end of last year, and the company had cost of goods sold of $1.8 million. How long does it take Carla Vista to collect its receivables on average? (Use 365 days for calculation. Round intermediate calculations and final answer to 1 decimal place, e.g. 25.1.)

It takes Carla Vista days to collect on its accounts receivable.

Oriole Traders is one of the largest RV dealers in Austin, Texas, and sells about 2,100 recreational vehicles a year.

The cost of placing an order with Orioles supplier is $900, and the inventory carrying costs are $210 for each RV.

Management likes to maintain safety stock of 12 RVs. Most of its sales are made in either the spring or the fall. How many orders should the firm place this year? (Round intermediate calculations to 1 decimal place, e.g. 15.5 and final answer to 0 decimal places, e.g. 15.)

The firm will place orders this year.

Oriole Electronics has a formal line of credit of $1 million for up to three years with HND Bank.

The interest rate on the loan is 7.0 percent, and under the agreement,

Oriole has to pay an annual fee of 70 basis points on the unused amount.

Suppose the firm borrows $883,000 the first day of the agreement.

Annual fee

$

What is the effective interest rate? (Round answer to 2 decimal places, e.g. 52.75%.)

Effective interest rate

%

What is the fee the company must pay on the unused balance? (Round answer to the nearest whole dollar, e.g. 5,275.)