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: -$85
Explanation:
If Valerie does not get a ticket then she would have a positive payoff of $15 because she avoids the cost of finding parking.
Should she get a ticket however, she will have a payoff of;
= Cost of finding a legal parking - ticket charge
= $15 - $100
= -$85.
Answer:
Inbound logistics
Explanation:
Logistics can be defined as the control of the movement of things between the point of inception and the point of consumption to meet the needs of different customers or corporations. The resources that are controlled in logistics include substantial goods such as materials, equipment, and supplies, and also other consumer goods.
Inbound logistics refers to the collecting, moving, facillitating, storage, and receiving of goods that comes into the business.