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snow_tiger [21]
3 years ago
15

What is the difference between private and public company

Business
2 answers:
sattari [20]3 years ago
6 0
Public companies allow ownership of their stocks by virtually anyone, and are this public companies. On the other hand, private companies have somewhat "protected" stocks where they are held by a small group of people - likely investors - or the CEO, even some employees.
vladimir2022 [97]3 years ago
5 0
A public company is owned by anyone who buys its stock the people who own the most stock get to run the company, a private company is owned by the founder and anyone he hires
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Newsome Inc. buys on terms of 3/15, net 45. It does not take the discount, and it generally pays after 60 days. What is the nomi
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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:

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In this case

Discount%=2%

Actual credit days=60

Discount period=15

Cost of non- free credit=2%/(100%-2%)*(365/(60-15)

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3 years ago
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kozerog [31]

Answer:

$434

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Net sales                     = $2,910

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