1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
olga2289 [7]
3 years ago
14

A buyer failed to take advantage of the vendor's credit terms of 2/10, n/45, but instead paid the invoice in full at the end of

45 days. By not taking advantage of the cash discount, the equivalent annual interest lost on the amount of the purchase is:
Business
1 answer:
Neko [114]3 years ago
5 0

Answer: 20.86%

Explanation: From the question, the credit term is 2/10, n/45. Which means that the customer gets a 2% discount if payment is made within 10 days. But the customer did not make use of this offer. The equivalent annual Interest lost on the amount of purchases is :

365/ (45-10) * 0.02 = 365/35*2%

= 0.20857 *100= 20.86%

This is calculated using 365 days in a year.

You might be interested in
When an organization adopts the ______ concept, it has made the attempt to know as much about the consumer as possible and has d
Alexandra [31]

Answer:

c. Marketing concept

Explanation:

Marketing concept -

It is the strategy adopted by the organisation , in order to meet the demands of the consumers , tackle the competition , increase the profit margin and increase sale , is referred to as the marketing concept .

Hence , the marketing department of the organisation , tries to focus on the consumers , in order to beat the upcoming competition.

Hence , the given information of the question,

The correct option is c. Marketing concept  .  

6 0
3 years ago
What does Pa think is too close to the Ingallses' house?
AlekseyPX
C a well cause it will always be closer
7 0
4 years ago
3. What is dollar voting? How can it affect the launch of the franchise into the new region?
icang [17]

Answer:

Dollar voting is an analogy that has been used to refer to the impact of consumer choice on producers' actions through the flow of consumer payments to producers for their goods and services.

3 0
3 years ago
After the civil war, what became the major form of business organization because of its ability to raise money through the sale
Illusion [34]
After the civil war, CORPORATION became the major form of business organization because of its ability to raise money through the sale of shares of stock. A corporation is a type of business that is owned by stockholders who share its profits but are not personally responsible for its debts.
7 0
4 years ago
A current liability is a debt that is reasonably expected to be paid a. out of cash currently on hand b. within one year c. out
ELEN [110]

Answer: within one year

Explanation:

Current liabilities are the liabilities that are incurred by a firm and must be settled within a year.

Typically, the current liabilities are settled by using the current assets. Examples of current liabilities are the accounts payable, noted payable, dividends and the short-term debt.

4 0
3 years ago
Other questions:
  • Kate recently invested in real estate with the intention of selling the property one year from today. she has modeled the return
    5·1 answer
  • When a person declares bankruptcy that fact will appear on the person?s credit report ??
    12·1 answer
  • Minnesota Company has no beginning and ending inventories, and has the following data about its only product: Fixed manufacturin
    5·1 answer
  • "An unexpected benefit of deliberate practice is ______"
    8·1 answer
  • Agreement and disagreement among economists.
    9·1 answer
  • The _____ is everything outside an organization's boundaries that might affect it.
    14·1 answer
  • Codes of ethics and statements of core values:A. are the single most effective measure of enforcing ethical behavior and cultura
    9·1 answer
  • Organizations with low turnover and satisfied employees tend to perform better. On the other side of the coin, organizations hav
    14·1 answer
  • Lack of capital necessary for a firm to compete in an international market is a serious hurdle to internationalization. firms ca
    6·1 answer
  • _______________operate as for-profit or not-for-profit organizations that facilitate, promote, or encourage B2B relationships be
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!