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Rashid [163]
3 years ago
9

You place an order for 300 units of inventory at a unit price of $135. The supplier offers terms of 3/10, net 60. a-1. How long

do you have to pay before the account is overdue? a-2. If you take the full period, how much should you remit?
Business
1 answer:
Softa [21]3 years ago
7 0

Answer:

a1. 60 days

a2.Remittance = $40,500

b1- 1 % discount offered

b-2, 10days

b-3 =$40,095 ± 0.1

c-1 Implicit interest $405 ± 0.1%

c-2 Days' credit days=50 days

Explanation:

a1. 60 days

a2.0rder for 300 units of inventory at a unit price of $135

Remittance = 300($135)

Remittance = $40,500

b- 1 % discount offered

b-2, 10days

b-3 Remittance (1- 0.01) $40,500

(0.99)$40,500

Remittance =$40,095 ± 0.1%

c-1 Implicit interest $40,500- $40,095

Implicit interest $405 ± 0.1%

c-2

Days' credit days 60-10

Days' credit days=50 days

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Indigo Ink Supply paid a dividend of $5 last year on its common stock. It is expected that this dividend will grow at a rate of
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Answer:

a.

1st $5.43

2nd $5.89

3rd $6.39

4th $6.93

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6th $7.81

b.

$75.85

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Dividend is the payment to the stockholders out of earning of the company. Companies have a dividend policy which determine the future dividend payments.

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Second year = $5 x ( 1 + 8.5% )^2 = $5.89

Third year = $5 x ( 1 + 8.5% )^3 = $6.39

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Sixth year = $7.52 x ( 1 + 3.8% )^1 = $7.81

b.

Intrinsic value of the stock is the present value of all the associated dividends

We need to calculate the present value of all the dividend payment.

First year = $5.43 x ( 1 + 11.5% )^-1 =  $4.87

Second year = $5.89 x ( 1 + 11.5% )^-2 = $4.74

Third year = $6.39 x ( 1 + 11.5% )^-3 = $4.61

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Fifth year = $7.52 x ( 1 + 11.5% )^-5 = $4.36

After fifth year the dividend will be discounted as follow

PV of dividend after fifth year = [ $7.81 / (11.5% - 3.8%) ] x [ (1+11.5%)^-6 ] = $52.79

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Answer:

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