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alekssr [168]
3 years ago
14

Do you agree or disagree with friedman's assessment that the world is flat? be sure to justify your answer.

Business
1 answer:
kirill115 [55]3 years ago
5 0
<span>The simplest reason to not believe the world is flat is that there is no sudden drop-off point. If one were to, hypothetically, travel in a straight line from point A back to point A, they would not be able to do so. If the earth were flat, every part of the world would experience daylight and nighttime at the same time, which is not the case.</span>
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<h3>What is informative promotion?</h3>

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5 0
3 years ago
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If your firm buys $1,000 worth of supplies on credit with terms 3/15 n60 and pays the bill on the 60thday after the purchase:
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Answer:

Nominal Cost of Trade Credit = 25.09%

Exact Cost of Trade Credit  = 28.03%

Explanation:

given data

buys worth =  $1,000

terms = 3/15 n60

pays the bill = 60th day

to find out

Nominal Cost of Trade Credit and Exact Cost of Trade Credit

solution

we know here Discount % and time 60 day and discount period that is

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Nominal Cost of Trade Credit = Discount % ÷ (100 - Discount % ) × [ 365 ÷ (time for Payment - Discount Period) ]    ..................1

put here value we get

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and

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Exact Cost of Trade Credit = (1+Discount % ÷ (100%-Discount %))^(365/(time for Payment - Discount Period) - 1    ..................2

put here value we get

Exact Cost of Trade Credit  = (\frac{1+0.03}{1-0.03})^{\frac{365}{60-15}} - 1

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