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const2013 [10]
3 years ago
15

Hinkle Corporation buys on terms of 2/15, net 60 days. It does not take discounts, and it typically pays on time, 60 days after

the invoice date. Net purchases amount to $550,000 per year. On average, what is the dollar amount of total trade credit (costly free) the firm receives during the year, i.e., what are its average accounts payable
Business
1 answer:
Readme [11.4K]3 years ago
8 0

Answer: $90,411

Explanation:

Average Accounts payable = Net Purchases * Average collection period / 365

Average collection period is 60 days

Net Purchases as stated is $550,000

Average accounts payable = 550,000 * 60 / 365

= 90,410.9589

= $90,411

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The answer is letter A.

Explanation:

Less than or equal to 0.1

Because:

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Observations (n)= 75

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4 years ago
When all other factors remain the same, the law of demand tells us that: An increase in your income causes you to buy more hambu
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An increase in your income causes you to buy more hamburgers.

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An increase in your income causes you to buy more hamburgers.

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3 years ago
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IBM has just issued a callable (at par) 10 year, 6% coupon bond with annual coupon payments. The bond can be called at par in on
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The bond can be called at par in one year or anytime thereafter on a coupon payment date. Ithas a price of $97 per $100 face value

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To know more about bond follow the link:

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8 0
1 year ago
An unstable government is one that __________.
taurus [48]

Answer:

C

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Correct option: C

5 0
3 years ago
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