A firm buys on terms of 28 net 45 days it does not take, Finance Basics

+44 141 628 6080
[email protected]

A firm buys on terms of 28 net 45 days it does not take

A firm buys on terms of 2/8, net 45 days, it does not take discounts, and it actually pays after 58 days. What is the effective annual percentage cost of its non-free trade credit? (Use a 365-day year.)

a) 15.89%
b) 19.86%
c) 19.70%
d) 17.64%
e) 13.19%

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: A firm buys on terms of 28 net 45 days it does not take

Reference No:- TGS0639941

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : If the yield on 3-year treasury bonds equals the 1-year

If the yield on 3-year Treasury bonds equals the 1-year yield plus 1.5%, what inflation rate is expected after Year 1? Round your answer to two decimal places.

Q : Examine the success or otherwise of the areas design score

Examine the success or otherwise of the area's design score indicators nominated and you will need to explain how the decisions and actions taken in that area assisted (or otherwise) to the overall success of the firm's strategy implementation.

Q : Recently walmart acquired massmart to enter the south

Recently Walmart acquired Massmart to enter the South African market

Q : If the units sold rise from 8000 to 8500 what will be the

If the units sold rise from 8,000 to 8,500, what will be the increase in operating cash flow? What is the new degree of operating leverage?

Q : A firm buys on terms of 28 net 45 days it does not take

Q : In working out your responses to the discussion question

In working out your responses to the Discussion Question, you should choose examples from your own experience or find appropriate cases on the Web that you can discuss. Credit will be given for references you make to relevant examples from real compa

Q : By how much would jack lower the apr on the bank loan if he

By how much would Jack lower the APR on the bank loan if he opened an account to avoid the credit check and application fees?

Q : A man of mass 865 kg and density 970 kgm3 stands in a

A man of mass 86.5 kg and density 970 kg/m3 stands in a shallow pool with 39.1 % of the volume of his body below water

Q : Critically evaluate short term liquidity using the ratios -

Critically evaluate short term liquidity using the ratios - Discuss the ratio results and not calculate

1956718

Questions
Asked

3,689

Active Tutors

1446336

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: A firm buys on terms of 28 net 45 days it does not take

Reference No:- TGS0639941

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : If the yield on 3-year treasury bonds equals the 1-year

Q : Examine the success or otherwise of the areas design score

Q : Recently walmart acquired massmart to enter the south

Q : If the units sold rise from 8000 to 8500 what will be the

Q : A firm buys on terms of 28 net 45 days it does not take

Q : In working out your responses to the discussion question

Q : By how much would jack lower the apr on the bank loan if he

Q : A man of mass 865 kg and density 970 kgm3 stands in a

Q : Critically evaluate short term liquidity using the ratios -

Investigate the cause of the recent werewolf attacks

Describe marxist theory and psychology of addiction

Explain framers decisions in creating the constitution

Federal bureaucracy has to put up with a lot of red tape

What power of recognition when it comes to office president

What right ordinance power give to the president

Analyze leadership of organization during particular event

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: A firm buys on terms of 28 net 45 days it does not take

Reference No:- TGS0639941

Recent Questions Asked Finance Basics

Q : If the yield on 3-year treasury bonds equals the 1-year

Q : Examine the success or otherwise of the areas design score

Q : Recently walmart acquired massmart to enter the south

Q : If the units sold rise from 8000 to 8500 what will be the

Q : A firm buys on terms of 28 net 45 days it does not take

Q : In working out your responses to the discussion question

Q : By how much would jack lower the apr on the bank loan if he

Q : A man of mass 865 kg and density 970 kgm3 stands in a

Q : Critically evaluate short term liquidity using the ratios -

Asked Questions