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
Firdavs [7]
2 years ago
14

A business buys on terms of 2/10, net 30. It does not take discounts, and it typically pays 45 days after the invoice date. What

is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year?
Business
1 answer:
tamaranim1 [39]2 years ago
3 0

Answer:

21.28%

Explanation:

Nominal annual percentage = Discount/(100-discount) * 365/(Days paid after purchase - Days of discount period)

Nominal annual percentage = 2/(100-2) *365/(45-10)

Nominal annual percentage = 2/98 * 365/35

Nominal annual percentage = 0.02041 * 10.4286

Nominal annual percentage = 0.212847726

Nominal annual percentage = 21.28%

You might be interested in
For the Somerset Furniture Company described in Case Problem 10.1 in Chapter 10, determine the product lead time by developing a
m_a_m_a [10]

Answer:

Possible transportation modes are discussed below in detail.

Explanation:

• Purchase Request: 12 - 25 days

• Process buy request abroad: 10 - 20 days.

• Manufacturing process: 60 days

• Transport from plant to port: 1-14 days

• Paperwork: 5 - 10 days

• Wait for the container: 1 - 7 days*

• Load compartments: 3 - 6 days

• Ship days: 28 days

• Custom clearance: 7 – 14 days

• Warehouse transportation: 1-3 days

Delivery time is around 136 minimum days and  191  maximum days. Likewise,  the average delivery time is 163 days. Companies such as international trade specialist, trade logistics companies and Internet exchanges can help the company to reduce the delivery time by facilitating the trade channels. These intermediate channels can help to attain objectives in timely manner.

5 0
3 years ago
Jacob is an accounting clerk whose favorite phrase is "whatever the boss wants." jacob will do whatever his boss requests, witho
vekshin1

Jacob is an example of a conformist follower. These kind of followers are also known as the yes people. The explanation behind this is a conformist contributes enthusiastically in a relationship with the boss but doesn't use critical thinking abilities. In other words, a conformist naturally transmits out any and all orders notwithstanding of the environment of the demand. The conformist contributes willingly, but without seeing the costs of what he or she is being requested to do. A conformist is worried only with evading conflict.

5 0
3 years ago
Read 2 more answers
CAPM and Valuation. You are considering acquiring a firm that you believe can generate expected cash flows of $10,000 a year for
UkoKoshka [18]

Answer:

The value of the firm or worth of the firm is $147058.82 rounded off to 2 decimal places

Explanation:

We first need to calculate the required rate of return for this firm that will be used as the discount rate in the valuation of the firm using the discounted cash flow methods.

Using the CAPM we can calculate the required rate of return as,

r = rRF + Beta * (rM - rRF)

Where,

  • rRF is the risk free rate
  • rM is the return on Market

So,

r = 0.04 + 0.4 * (0.11 - 0.04)

r = 0.068 or 6.8%

As the cash flows the firm can generate are expected to remain constant through out and they are generated after equal interval of time, this can be treated as a perpetuity.

The present value of a perpetuity is calculated as follows,

Present Value of perpetuity = Cash Flow / r

Present value of perpetuity = 10000 / 0.068

Present value of perpetuity = $147058.8235

So, the value of the firm or worth of the firm is $147058.82 rounded off to 2 decimal places

3 0
3 years ago
​Paul, the HR​ manager, works in the Townsville plant and reports to the plant manager​ there, but he also reports to the corpor
xxMikexx [17]

Answer:

Letter B is correct. Unity of command.

Explanation:

Unity of command is defined as t<u>he importance of respecting hierarchy within an organization.</u> The orders are given by the superiors and the subordinates must comply with them, that is, the orders of those who are at the top of the hierarchy must always be respected and only the superiors are allowed to change them.

When there is a violation of the command unit, several related conflicts can arise, such as lack of consensus among teams, disorganization, failure in the communication process, which negatively impact organizational effectiveness.

4 0
3 years ago
Boyd Docker recorded the following transactions during the month of April. Apr. 3 Cash 3,400 Service Revenue 3,400 16 Rent Expen
Nutka1998 [239]

Answer:

$6,450

Explanation:

The general ledger of a cash account is presented below:

                                            Cash Account

Date     Particulars           Amount        Date     Particulars           Amount

April 1    Beginning                                 April 16  Rent expense     $460

             Balance               $3,850

April 3  Service                                      April  20   Salaries and

            Revenue              $3,400                         Wages expense $340

                                                               April 30  Ending balance   $6,450

The ending  balance would be

= Beginning balance + service revenue - rent expense - salaries and wages expense

= $3,850 + $3,400 - $460 - $340

= $6,450

6 0
3 years ago
Other questions:
  • A fire destroyed a large percentage of the financial records of a health system. You have the task of piecing together informati
    11·1 answer
  • To increase productivity, your project team has completed the task to develop potential ideas for approval by senior management.
    13·1 answer
  • Collin was hired to work on data analytics, but once he started, the job quickly changed to project management. His supervisor n
    12·1 answer
  • Emil Corp. produces and sells wind-energy-driven engines. To finance its operations, Emil Corp. issued $15,000,000 of 20-year, 9
    12·1 answer
  • The change in consumption of a good that results from the implicit change in income, which has been caused by a price change, is
    6·1 answer
  • Joe is self-employed in a store that has a rental value of $500 a month which he pays, but he can vacate the building without gi
    7·1 answer
  • Imagine that two goods are available to you: servants (X) and robots (Y). You like servants three times as much as robots. If yo
    6·1 answer
  • Tidwell Corporation was organized on January 1, 2014. It is authorized to issue 20,000 shares of 6%, $50 par value preferred sto
    14·1 answer
  • A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that fa
    13·1 answer
  • Which transaction caused John to overdraw his account?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!