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2 years ago

8

A company makes a purchase for which the invoice is dated may 3 and shows terms of 3/10 1/20 n/45. what isthe last date by which

the company can pay the invoice and receive any cash discount at all?

1 answer:

satela [25.4K]2 years ago

7 0

The answer is may 23 because <span>They will receive a 3% discount if paid within 10 days, and a 1% discount if paid within 20 days. </span>

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3 State three legal obligation of a buyer to a supplier ?

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Answer:

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3 years ago

A 20-year maturity bond with par value $1,000 makes semiannual coupon payments at a coupon rate of 8%. a. Find the bond equivale

kipiarov [429]

Answer:

The answer is 4.26 percent

Explanation:

This is a semiannual paying coupon.

N(Number of periods) = 40 periods ( 20 years x 2)

I/Y(Yield to maturity) = ???

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PMT( coupon payment) = $40 ( [8 percent÷ 2] x $1,000)

FV( Future value or par value) = $1,000.

We are using a Financial calculator for this.

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3 years ago

Alcohol is most effective when used as a __________ solution. 25% 60% 70% 95% 100%

Marta_Voda [28]

Alcohol is most effective when used as a 70% solution.

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3 years ago

The current sections of Whispering Winds Corp.’s balance sheets at December 31, 2019 and 2020, are presented here. Whispering Wi

storchak [24]

Answer:

The amount of cash provided by operating activities is $155,000

Explanation:

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increase in prepaid expenses($26,700-$25,100) ($1,600)

increase in accrued expenses($14,600-$8400) $6,200

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3 years ago

What is the price of a share of common stock that has an expected dividend of $3.00, a tax rate of 30%, a required return of 15%

Semmy [17]

Answer:

Current price of the share common stock will be $30

So option (c) will be correct answer

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We have given expected dividend $D_1=$3$

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Growth rate = 5 %

Beta = 2

We have to find the price of the share

Price of the share is given by $p_0=\frac{D_1}{R_E-g}=\frac{3}{0.15-0.05}=$30$

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3 years ago