Answer:
16.22%
Explanation:
3/15, net 45 means that if Newsome pays within 15 days, it will get discount of 3%, otherwise it can pay within 45 days in full.
Nominal annual percentage cost of non-free trade credit based on 365 days can be calculated using the below formula:
Discount %/(100%-Discount %)*(365/(Actual credit days – Discount days))
In this case
Discount%=2%
Actual credit days=60
Discount period=15
Cost of non- free credit=2%/(100%-2%)*(365/(60-15)
=2%/98%*(365/45)
=0.02*8.11
=16.22%
Answer:
The demand for uniforms Increase by shift to the right, it cause the price increase, therefore the supplies increase and move upward.
Explanation:
Answer:
$1,083
Explanation:
Given that,
Cost of providing perpetual care service for grave sites = $130 per year
Interest rate = 12 percent
Therefore, the one-time fee the owner should charge:
= Cost of providing perpetual care service for grave sites ÷ Interest rate
= $130 ÷ 0.12
= $1,083.33 or $1,083
Hence, the one-time fee should the owner charge for the perpetual care service is $1,083.
Answer:
The correct option is C,the funds have a positive cost that is less than new equity issues.
Explanation:
Retained earnings have costs attached to it because the common stockholders expect that the company would use its retained earnings effectively such that is able to pay dividends at year or in such a way that the company's stock share price appreciates(capital gains yield)
However, the cost of retained earnings is lower when compared with new equity issues since the new issue would require issue costs such as regulatory fees as well as underwriter's commission.
