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please answer all parts for a thumbs up!!:) Motoguzzie (B). Motoguzzie exports large-engine motorcycles (greater than 700cc) to Australia and invoices its customers in US
please answer all parts for a thumbs up!!:)
Motoguzzie (B). Motoguzzie exports large-engine motorcycles (greater than 700cc) to Australia and invoices its customers in US dollars. Sydney Wholesale Imports has purchased $3,000,000 of merchandise from Motoguzzie, with payment due in se months The payment will be made with a bankers' acceptance issued by Charter Bank of Sydney at a fee of 175% per annum. Motoguzzie has a weighted average cost of capital of 10% Bank of America is willing to buy Motoguzzie's bankers acceptance for a discount of 6% per annum. What would be Motoguzzie's annualized percentage all-in cost of financing its $3,000,000 Australian receivable? (NOTE. Assume a 360-day year) 10 ai ng in nd The barkers' acceptance fee is 5 (Round to the nearest cent) The discount on the sale of acceptance is $(Round to the nearest cent.) Calculate the amount received by Matoguzzie below (Round to the nearest cent) Bankers' Acceptance Face amount of bankers' acceptance Less acceptance fee for 6-month maturity Less discount on sale of acceptance st at $ $ 1 $ ot Amount received S nd The annualized percentage all-n cost (AIC) i 1% (Round to three decimal places) Step by Step Solution
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