Answer: 49.02%
Explanation:
The cost of the trade credit will be calculated thus:
Amount when discount is availed will be: = 100-2.7 = 97.3
Discount rate = 2.7
Interest rate per period = 2.7/97.3 2.77%
Number of Days = 30-5 = 25
Therefore, the EAR will be calculated as:
= [(1+2.77%)^(365/25)] - 1
= 49.02%
Answer:
A debit to Bonds Payable for $132,000
Explanation:
This is because The face value or face amount of a bond payable is the amount printed on the bond. We always record Bond Payable as the amount we have to pay back which is the face value or principal amount of the bond.
Answer:
communication skills
bachelor's degree
planning and organizational skills
research skills
Explanation:
Answer: c. A cooperative agreement between two or more firms from a different national background.
Explanation:A cross-border alliance is a cooperative agreement between two or more firms from a different national backgrounds for the purpose of pursuing mutual interests through sharing of resources and capabilities. There are many reasons for firms to enter into a cross-border alliance. Some of the reasons could be to enter new markets where neither could do alone or to share and gain access to the other firms resources and information.
