On average, Farm Inc has sales of $2,000,000 per month. Its receivables are equal to 40% of its monthly sales. Based on using a 365-day year, what is the receivables collection period? Question 4 Answer a. 14.4 b. 12.2 c. 15.2 d. 13.0

Tate wants to retire in 30 years with $1,200,000 saved. Tate intends to save $15,000 at the beginning of each year for the next 30 years. What interest rate does Tate expect to earn?

Question 3Answer

a.

5.75%

b.

5.24%

c.

6.54%

d.

6.07%