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goldfiish [28.3K]
3 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]3 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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Answer:

Rivercity Coffee Shop

Chad cannot sue Jose.  The $10,000 is paid to Jose is a bribe.  Since a bribe is not legal, it cannot form the basis for an enforceable contract.

Moreover, the offer by Chad is an antitrust and anti-competition consideration that is legally frowned upon. illegal contract

Explanation:

For a contract to be enforceable, it cannot be illegal.  A bribe is illegal.  The basis for the contract is illegal.  Therefore, Chad cannot sue Jose.  Since Jose decided to breach the contract, neither Chad nor Jose is entitled to any compensation.  Jose cannot be held liable for non-performance.

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3 years ago
If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 200,000 shares of stock E at
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Answer:

$10.49

Explanation:

The computation of the net asset value of the fund is shown below:

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3 years ago
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Critical outcomes of a company's marketing strategy include sales and profit as these are necessary for the company to sustain its business.

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2 years ago
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Answer:

False

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3 years ago
Which of the following statements is false?
Brilliant_brown [7]

Answer:

The false statement is letter "C": Stratification of the population into several homogeneous sub-populations generally reduces audit efficiency.

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