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
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%

You might be interested in
According to the Huff Gravity Model, the two factors which attract consumers to a store location are: travel time for customer t
azamat

Answer:

The correct answer would be option B, The attractiveness of the store's location and the time it takes to travel to the store.

Explanation:

According to the Huff Gravity Model, The two factors which attract customers to a store location are the attractiveness of that store's location and the time it takes to travel to the store.

This means that according to the Huff theory, people will likely to purchase from a store which is present at a more attractive location and also the time taken to reach at that specific store is less. For example, I myself prefer going to Lulu Hypermarket over Panda Hypermarket because of the difference in the location of both the stores and also Lulu Hypermarket is more near to me than Panda Hypermarket. The location of Lulu is more attractive.  

5 0
2 years ago
A survey of 50 retail stores revealed that the average price of a microwave was $375, with a sample standard deviation of $20. A
g100num [7]

Answer:

(D) $369.31 to $380.69

Explanation:

The formula is x ± t (s/√n)

x = 375

t = 2.010

s = 20

n = 50

Then,

375 ± 2.010 (20/√50)

= 375 ± 5.69

8 0
3 years ago
The doctrine that makes a defendant liable even if the defendant is without fault is called...
Elanso [62]
<span>C: strict liability

I hope this helped ya :)</span>
4 0
3 years ago
Describe the nature and types of businesses. ​
const2013 [10]

Answer:

The nature of business is a statement about a company's offering to its clients, its industry, legal structure, or any other distinctive qualities of the business. For example, if you say a company in the “private sector”, you evaluate the nature of the company based on its nature to earn profits.

Explanation:

Hope This Helps,

If The question is Correct May i have Brainliest

Thank You

8 0
2 years ago
Select the items the describe possible problems with being unemployed and not earning income.
Leya [2.2K]

The answers are.:

A)

B)

C)

D)

3 0
3 years ago
Other questions:
  • Small organizations with fewer resources will need to separate RAs, but larger and better equipped organizations have streamline
    11·1 answer
  • Kerekes Manufacturing Corporation has prepared the following overhead budget for next month.
    15·1 answer
  • Predetermined Overhead Rate, Applied Overhead, Unit Cost Ripley, Inc., costs products using a normal costing system. The followi
    10·1 answer
  • The variable overhead efficiency variance measures the difference between the actual level of activity and the standard activity
    12·1 answer
  • The following events took place for Technology Treasures Manufacturing Company during January, the first month of its operations
    8·1 answer
  • Omega Enterprises budgeted the following sales in units: January 40,000 February 30,000 March 50,000 Omega's policy is to have 3
    5·1 answer
  • A homeowner desires to sell his or her home and signs an exclusive-listing agreement, requiring payment of a six percent commiss
    15·1 answer
  • A bank has $50 million in assets, $47 million in liabilities and $3 million in shareholders' equity. If the duration of its liab
    11·1 answer
  • Enterprise Machinists is always improving upon its core competencies by training its machinists constantly so that they are equi
    14·1 answer
  • Your buyers love the 1891 victorian they have under contract, but they want to get both the water and the paint tested as soon a
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!