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ss7ja [257]
3 years ago
8

Mr. Hugh Warner is a very cautious businessman. His supplier offers trade credit terms of 3/14, net 95. Mr. Warner never takes t

he discount offered, but he pays his suppliers in 85 days rather than the 95 days allowed so that he is sure the payments are never late. What is Mr. Warner's cost of not taking the cash discount? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)
Business
1 answer:
blsea [12.9K]3 years ago
3 0

Answer: 15.68%

Explanation:

Mr. Warner's cost of not taking the cash discount will be calculated as:

= (3%/100% - 3%) × (360/85 - 14)

= (3%/97%) × (360/71)

= 0.0309278 × 5.0704225

= 0.156817

= 15.68%

Mr. Warner's cost of not taking the cash discount is 15.68%

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b. Shift the long-run aggregate supply curve to the right

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This change would be clearly visible if plotted on a labor supply graph. In a sense, the unemployed no longer want to remain unemployed because of reduced unemployment benefits.

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4 years ago
Several years ago, Junior acquired a home that he vacationed in part of the time and rented out part of the time. During the cur
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Answer:

the no of days for personal use and rental use is 44 days and 58 days respectively

Explanation:

The computation of the no of days for personal use and rental use is as follows:

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And, for rental use it is equivalent to the given rented days i.e. 58 days

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3 years ago
An employee of yours often offers excellent analysis and is able to quote facts and figures from memory during meetings; and the
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Answer:

Realized strength

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4 0
3 years ago
The most serious derailment pattern for leaders seeking promotion is:
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<span>The most serious derailment pattern for leaders seeking promotion is "</span>Failure to meet performance objectives".

Leader derailment happens when leaders neglect to achieve their normal level of accomplishment and wind up being exchanged, downgraded, or expelled from their position. Basically, derailment of leader includes leaders not achieving their maximum capacity as controlled by their past fantastic work history.
7 0
3 years ago
Personal Consumption Expenditures$4,500 Consumption of Fixed Capital150 Gross Private Domestic Investment800 Government Purchase
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Answer:

The GDP in this economy is $6,230 billion.

Explanation:

The GDP can be calculated using the following formula:

Y = C + I + G + (X - M) ....................................... (1)

Where:

Y = GDP of the economy

C = Personal Consumption Expenditures = $4,500

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Since the figures are in billions of dollars, the GDP in this economy is therefore $6,230 billion.

8 0
3 years ago
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