Apart from the number of cotyledons, other identifying characteristics are as follows: 1  the number of flower parts-monocot flowers are trimerous (in multiples of three). 2  the number of pores in pollen-monocots have one.part from the number of cotyledons, other identifying characteristics are as follows: 1  the number of flower parts-monocot flowers are trimerous (in multiples of three). 2  the number of pores in pollen-monocots have one.
Once the LOC is in place, the clothing store needs to manage cash flow so the business can minimize the interest expense paid on the LOC borrowings. Assume, for example, the interest rate on the LOC is an annual rate of 6% and the store starts the month with a $20,000 cash balance. The store estimates sales for the month to be $50,000, and $40,000 in inventory needs to be purchased to meet customer demand.
BREAKING DOWN 'Effective Annual Interest Rate'. Consider a stated annual rate of 10%. Compounded yearly, this rate will turn $1000 into $1100. However, if compounding occurs monthly, $1000 would grow to $1104.70 by the end of the year, rendering an effective annual interest rate of 10.47%. Basically the effective annual rate is the annual rate of interest that accounts for the effect of compounding.