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Vsevolod [243]
3 years ago
8

A firm is offered trade credit terms of 2/8, net 45 days. The firm does not take the discount. It pays after 58 days. What is th

e effective annual cost (EFF%) of not taking this discount
Business
1 answer:
Alisiya [41]3 years ago
4 0

Answer: 15.89%

Explanation:

Since no discounts were taken, this company made your job a whole lot easier because if we are for instance assuming a 365 day year then you simply take the base period of payments which is 58 days in this scenario and divide by 365.

So it would come out like,

= 58/365

= 15.89%

If you need any clarification just drop a comment. Cheers.

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Northern Lights Electronics just completed plans to distribute its new tablet. The product has several unique features that diff
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Answer:

The correct answer is exclusive distribution; selective distribution; intensive distribution.

Explanation:

The exclusive distribution, as its name implies, consists of offering the product or service to a single marketer in order to generate impact at that point of sale; selective distribution corresponds to the sale of the product to a reduced number of marketers in order to start opening the market and offer the product in other areas; and intensive distribution consists of offering the product to a large number of distributors, seeking to expand the business to new places.

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2 years ago
Windsor Company took a physical inventory on December 31 and determined that goods costing $191,500 were on hand. Not included i
WINSTONCH [101]

Answer:

$237,630

Explanation:

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Therefore, the amount to be reported by Windsor company is $237,630.

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3 years ago
1. Most students initially believe that if they are good at math, they will be good at accounting.True / False
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Answer:

1. True

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3. b

4. a, b & c

5. a, b & c

Explanation:

When you feel interested in math, it's likely accounting is suitable for you.

please read more articles about accounting in these links

https://www.accountingcoach.com/accounting-principles/explanation

https://studymoose.com/foundational-accounting-principles-and-terminology-essay

https://www.edx.org/course/management-accounting-acca-fma-f2-x-8

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alexira [117]

The best strategy for this trader, who wants to profit from either direction of the underlying stock, is <em>A. Long Put and C. Short Call.</em>

In securities trading, a call option gives the trader the <em>right to purchase </em>underlying security <em>without any obligation</em>.  On the other hand, a put option grants the trader the <em>right to sell</em> the underlying security <em>without any obligation</em>.

Thus, the trader will profit by using options A and C.

Learn more: brainly.com/question/24767538

3 0
3 years ago
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