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.
Penalties and interest apply to any deficient or delinquent payments. A penalty of 5 percent of the unpaid amount is added for each month (or part of the month) that a payment is delinquent or deficient, to a maximum of 25 percent. Interest is computed at the current rate of interest. The interest rate on all taxes collected or administered by the Department of Revenue is 7.5%, effective July 1, 2016 through June 30, 2017. The interest rate for installment payments is 10.5%, effective July 1, 2016 through June 30, 2017. The interest rates effective for July 1, 2015 through June 30, 2016 were 7.25% and 10.25%.