Answer:
False because sometimes lots in the same area look different.
Explanation:
Answer:
a.Please see explanation.
b.0%
c.25.14%
Explanation:
a. 3/15, n 60 means that if my firm pays within 15 days, it will get discount of 3%, otherwise it can pay within 60 days in full.
b. Since, the firm is paying within 14 days i.e. before the discount period of 15 days allowed by supplier,therefore the cost of trade credit in this case will be 0%.
c. annual percentage cost of non-free trade credit based on 365 days can be calculated using the below formula:
Discount %/(100%-Discount %)*(365/(Actual credit days – Discount days))
In this case:
Discount%=3%
Actual credit days=60
Discount days=15
Cost of non- free credit=3%/(100%-3%)*(365/(60-15)
=3%/97%*(365/45)
=0.031*8.11
=25.14%
Unless you have a Business Plan.
Business plan contain your Objectives and step by step strategy that you will do in order to expand your Company.
Showing in front of investors without it make them questioned your commitment as a future Partner. To put it simply, you look like a careless & unmotivated person that is really bad for business
True
Because having inventories would mean the following:
1. Holding Inventory avoids loss of sales
2. Holding Inventory gains quantity discount
3. Holding Inventory reduces order cost 4. Achieve efficient production runs by holding inventory
5. Holding Inventory reduces risk of production shortages
