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
Dovator [93]
3 years ago
7

Atlanta Cement, Inc. buys on terms of 2/15, net 30. It does not take discounts, and it typically pays 65 days after the invoice

date. Net purchases amount to $720,000 per year. What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year?
Business
1 answer:
shusha [124]3 years ago
5 0

Answer:

The nominal annual percentage cost of its non-free trade credit, based on a 365-day year is 0.2795%

Explanation:

The computation of the nominal annual percentage is shown below:

= Discount rate ÷ (100 - discount rate) × ({Total number of days ÷ payable days} - discount days)

= 2% ÷ ( 100 - 2%) × (365 days ÷ 65 days - 15 days)

= 2% ÷ (98% × 7.3)

= 2% ÷ 7.154

= 0.2795%

The net purchase amount is irrelevant. hence, this part is ignored

You might be interested in
Consider the following items:
Verizon [17]

Answer:

1. A) Gold coins

2. B) food stamp

3. Gold coins

Funds in a checking account

Funds in a savings account

100 shares of Google stock

Grocery Store Coupons

Food stamps

Explanation:

Money is legal tender that is generally acceptable for transaction within a geographical location mostly a country.

Gold coins is a form of money that is accepted it can be use for transaction immediately.

Funds in checking and savings accounts :-money is available but not in cash or coin, a card is needed to make of the money.

100 shares of google stock:- this is an investment that will yield dividend over a period of time, its not available for use at the moment.

Grocery store coupons is restricted to a specific grocery store and has no value outside.

Food stamp is not generally acceptable outside the designated points.

8 0
3 years ago
Rumors of a bank failing, even if not true, can become a self-fulfilling prophecy because:
Scorpion4ik [409]
People will deploy from that bank and move to another bank to remain safe- if they believe the rumor. People usually believe rumors if they hear them enough while some people actually seek evidence and finding the truth vs the lie( or misassumption). For those people they will stay employed with that bank or at least give the bank the benefit of the doubt.

Please vote my answer brainliest. thanks!
8 0
3 years ago
What key factor kept the copernican theory from being widely accepted at first?
Amiraneli [1.4K]
The key factor that kept the Copernican is that Roman Catholic Church had decided that earth was the center of the universe and contrary opinions were heresy. The Copernican also proposed that a heliocentric system had decided the the Earth is the center of the universe and all of the contrary opinions regarding this was false.
7 0
2 years ago
If you were the head of marketing for Troon, what benefit would you receive from Mr. Westmark’s decision to implement TCO?
ololo11 [35]
<span>One benefit to Mr. Westmark's decision is that it gives customers more flexibility when it come to buying. Customers can exceed the company's net earnings and get a better understanding of what they're buying. They get to know what the company gains from the deal, and the final cost.</span>
4 0
3 years ago
Watson Foods, Inc. reported the following transactions for September 2019.
natulia [17]

Answer:

(d) $6,000

Explanation:

The computation of the total liabilities is shown below:

Total liabilities = Office equipment purchased - cash paid

                       = $10,000 - $4,000

                       = $6,000

The remaining amount would reflect the note payable which is come under the liabilities accounts which is shown in the balance sheet.

The other information which is given in the question is not related to the liabilities account. Hence, we ignored it.

4 0
3 years ago
Other questions:
  • A domestic manufacturer of watches purchases quartz crystals from a Swiss firm. The crystals are shipped in lots of . The accept
    13·1 answer
  • In order to make sure it is possible to clean the floors under shelving units in food establishments, the shelves must be at lea
    8·2 answers
  • Nicole thinks that her business, nicole's getaway spa (ngs), is doing really well and she is planning a large expansion. with su
    6·1 answer
  • Each pound of American blend coffee requires 12 ounces of Colombian beans and 4 ounces of Dominican beans, while a pound of Brit
    6·1 answer
  • In 2018, Rachel received a $1,900 refund of state income taxes that she paid in 2017. In 2017, Rachel claimed itemized deduction
    7·1 answer
  • Long-run economic growth in the United States is best measured using A. nominal GDP per​ capita, which has been trending strongl
    14·1 answer
  • Bob is a student at Fresno State University who recently got his first F. Now he has to make a decision about how to get his gra
    8·1 answer
  • Which document establishes an initial record of the receipt of the inventory? petty cash voucher purchase order vendor's invoice
    14·1 answer
  • How long after being granted bic eligibility does the broker have to complete the required 8-hour bic training?
    11·1 answer
  • One of the biggest non-monetary costs for hospitality customers is ____________.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!