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%
A warrant
(Hope that helped)
Answer:
The recognized gain or loss is -$4000.
Explanation:
Gift property value = $49000
fair market value = $35000
realized loss = sale price - fair market value
= $31000 - $35000
= -$4000
Therefore, The recognized gain or loss is -$4000.
Answer:
Visionary.
Explanation:
A visionary leader is someone who has a clear-cut idea of what he/ she wants in the future. This type of leader will be able to not only create and articulate a clear idea, a realistic idea but also be credible and provide an attractive vision for the company's future.
The leader will help set up a realistic plan to further improve the company, bringing his vision to reality. This will help the company or organization to grow and improve. Likewise, Michael is a visionary leader, with his creative and realistic vision for the organization. He will lead the team to a better, improved future for not only himself but everyone.
