You are managing a company which imports electrical fans from China and sells them in Turkey. You pay cash for the fans when they arrive Turkey. You collect the money of your sales by cash as soon as you sell them. You loan money from the bank for financing this business. Cost of a Fan (Including Transportation and Customs): $19,00 Arrival Time of Fans to Turkey: 15th of February Sales Time of Fans: 15th of May Banks interest rate for loaning (monthly): 2,4% How much you should sell each of the fans for if you want to get 5% profit? (Assume the your only costs are the money you pay the supplier and the interest you pay to the bank)
You are managing a company which imports electrical fans from China and sells them in Turkey. You pay cash for the fans when they arrive Turkey. You collect the money of your sales by cash as soon as you sell them. You loan money from the bank for financing this business. Cost of a Fan (Including Transportation and Customs): $19,00 Arrival Time of Fans to Turkey: 15th of February Sales Time of Fans: 15th of May Banks interest rate for loaning (monthly): 2,4% How much you should sell each of the fans for if you want to get 5% profit? (Assume the your only costs are the money you pay the supplier and the interest you pay to the bank)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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You are managing a company which imports electrical fans from China and sells them in Turkey. You pay cash for the fans when they arrive Turkey. You collect the money of your sales by cash as soon as you sell them. You loan money from the bank for financing this business.
Cost of a Fan (Including Transportation and Customs): $19,00
Arrival Time of Fans to Turkey: 15th of February
Sales Time of Fans: 15th of May
Banks interest rate for loaning (monthly): 2,4%
How much you should sell each of the fans for if you want to get 5% profit? (Assume the your only costs are the money you pay the supplier and the interest you pay to the bank)
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