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goldfiish [28.3K]
2 years ago
12

A firm buys on terms of 3/15, net 45. It does not take the discount, and it generally pays after 85 days. What is the nominal an

nual percentage cost of its non-free trade credit, based on a 365-day year? The firm's APR of not taking the trade credit is ____. (If you use percent, then do not use the percent sign. Go two places to the right of the decimal point (XX.XX). If you use decimal places, then go four places to the right of the decimal place. 0.XXXX). 0.1613
Business
1 answer:
Firdavs [7]2 years ago
7 0

Answer:

What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year? The firm's APR of not taking the trade credit is <u>0.1613</u>.

Explanation:

The nominal cost of its non-free trade credit = the discounts lost for paying late.

In this case, the seller offers a 3% discount if the firm pays within 15 days.

annual financial cost = [discount / (100% - discount)] x [365 / (repayment time - discount period)]

annual financial cost = [3% / (100% - 3%)] x [365 / (85 - 15)] = (3% / 97%) x (365 / 70) = 0.1613 or 16.13%

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For questions 1-10, fill in the blank with the letter of the term that best matches the description.
LuckyWell [14K]

Following are the correct terms for the descriptions provided.

1. Coverage

2. Risk Management

3. Insurer

4. Premium

5. Liability

6. Policy

7. Actuary

8. Claim

9. Deductible

10. Insurance

<h3>Explanation</h3>

The correct answers for the explanation given in the question is described above.

An Insurance Company is called an Insurer, its products are called policy, they provide coverage for loss, this is a type of risk management, a person calculating all the figures is known as an Actuary, monthly or annually premiums are payable and claim can be made once the insured condition is met.

<h3 />

Therefore the answers are following

1. Coverage

2. Risk Management

3. Insurer

4. Premium

5. Liability

6. Policy

7. Actuary

8. Claim

9. Deductible

10. Insurance

Learn more about Business at brainly.com/question/26538066

3 0
2 years ago
Maria is a hard-working college sophomore. One Sunday, she decides to work nonstop until she has answered 100 practice problems
sdas [7]

Answer:

The correct answers are:

i. The marginal, or additional, gain from Maria’s first hour of work, from 8:00 AM to 9:00 AM, is <u>  40  </u> problems.

ii. The marginal gain from Maria’s third hour of work, from 10:00 AM to 11:00 AM, is <u>   20   </u> problems

iii. 2 hours working on problems, 2 hours reading (c)

Explanation:

i. The marginal gain from 8:00 AM to 9:00 AM is calculated thus:

work done at 8:00 AM = 0 problems

Work done at 9:00 AM = 40 problems

Marginal gain = (Work done at 9:00 AM) - (work done at 8:00) = 40 - 0 = 40 problems

ii. work done at 10:00 AM = 70 problems

work done at 11:00 AM = 90 problems

Marginal gain = 90 - 70 = 20 problems

iii. To get the best exam score, the most number of problems possible in total must be answered within the 4-hour period, and this is determined as follows:

we are told that Maria gets tired as time progresses and the number of questions answered reduces we notice the following numbers of questions answered in each hour:

8:00 AM to 9:00 AM = 40 - 0 = 40 problems (hour 1)

9:00 AM to 10:00 AM = 70 - 40 = 30 problems (hour 2)

10:00 AM to 11:00 AM = 90 - 70 = 20 problems (hour 3)

11:00 AM to Noon = 100 - 90 = 10 problems (hour 4)

Also, we are told that;

1 hour of reading = 25 problems

Comparing the reading and solving problems, we see that the number of problems solved in hour-1 and hour-2  (40 and 30 respectively) are more than the equivalent number of problems solved in reading for 1 hour, while hour-3 and hour-4 (20 and 10 respectively), have lesser equivalent number of problems each, than reading for one hour. Therefore to make the most out of the 4 hours, Maria will spend the first 2 hours solving problems and the next two hours reading, giving a total of: 40 + 30 + 25 + 25 = 120 problems solved.

4 0
3 years ago
A law firm seeks to recruit top quality experienced lawyers. the total package offered is the sum of three separate components:
Elena-2011 [213]

Answer:

  1. S = 1.2N + 3,000E + 1,000 * (A - 21)
  2. $204,000

Explanation:

1. An extra $1,000 for every year that they are over the age of 21. If the person is A years of Age then the expression is 1,000 * (A - 21).

An additional $3,000 for each year worked as a qualified lawyer. If the person has E years experience. Expression = 3,000E.

The basic salary is 1.2 time the candidate current salary. If the person currently earns $N the expression is; 1.2N

Putting that all together;

S = 1.2N + 3,000E + 1,000 * (A - 21)

2. Variables are; N = 150,000; E = 5 ; A = 30

S = 1.2N + 3,000E + 1,000 * (A - 21)

= 1.2 * 150,000 + 3,000 * 5 + 1,000 * (30 - 21)

= $204,000

7 0
3 years ago
A realtor is trying to predict the value of a home. He has quantitative data available and has evidence that the home price has
nadya68 [22]

Answer:

a. linear regression.

Explanation:

Based on the information provided within the question it can be said that in this scenario the best choice would be a linear regression model. That is because this type of approach deals with seeing to what extent there exists a relationship between two variables. Which in this case would be the quantitative data/prices and the square footage of the home.

6 0
2 years ago
You own one call option with an exercise price of $30 on Nadia stock. This stock is currently selling for $27.80 a share but is
Shalnov [3]

Answer: 0.755

Explanation:

From the information given, the current per share value of the option if it expires in one year will be calculated as follows:

Firstly, we calculate the present value which will be:

= $28 / ( 1 + 0.05 )

= $28/1.05

= $26.667

The number of options needed will be:

= ( 34 - 28 )/ ( 4-0)

= 6/4

= 1.5

Therefore,

27.80 = (1.5 x Co) + [28 / (1+0.05)]

27.80 = 1.5Co + (28/1.05)

27.80 = 1.5Co + 26.667

1.5Co = 28.0 - 26.667

1.5Co = 1.1333

Co = 0.755

Therefore, the answer is 0.755

5 0
2 years ago
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