Solution manual managerial accounting and finance for hospitality OperationsCHAPTER 16

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... 20.28% 16- 4 Solutions Manual - Managerial Accounting and Finance for Hospitality Operations Northeast Bank Effective interest rate = = x 12 x P9,000 (P100,000 – P10,000) x (12 + 1) P 216, 000 /.. .16- 2 Solutions Manual - Managerial Accounting and Finance for Hospitality Operations ANC = 1% 100% – 1% = 72.7% 360 20 – 15 x PROBLEM... – 0.10 = P13,333, since 0.15 (P13,333) = P2,000 is required for the compensating balance, and 0.10 (P13,333) = P1,333 is required for the immediate interest payment PROBLEM The effective rate
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