Solved: What is the effective annual cost, Finance Basics

+44 141 628 6080
[email protected]

What is the effective annual cost

Question: A company can have trade credit terms of 4/8, net 55 days. However, the company decides that it won't take the discount, and it pays after 69 days. What is the effective annual cost of deciding to not take this discount? (365 days per year.)

Solution Preview :

Prepared by a verified Expert

Finance Basics: What is the effective annual cost

Reference No:- TGS02043297

Now Priced at $20 (50% Discount)

Recommended (95%)

Rated (4.7/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : Explain the component for widgets and gadgets

Swank Enterprises, a family owned small business in southern Indiana, manufactures two products sold under the brand names "Widget" and "Gadget".

Q : Determine the total materials handling cost allocated

ow much of the total materials handling cost should be allocated to the wall mirrors? (Round off your answer to the nearest whole dollar

Q : Discuss the ethical challenges of the business

Misuse of company time is a common problem among corporations, costing billions of dollars. Discuss the ethical challenges of the business

Q : Estimated overhead costs and expected activity

Overhead activity cost pools-Activity 1, Activity 2, and General Factory- with estimated overhead costs and expected activity as follows:

Q : What is the effective annual cost

What is the effective annual cost of deciding to not take this discount? (365 days per year.)

Q : Declaration of non liquidating dividends

Assume that the state statutes do not permit declaration of non liquidating dividends except from earnings

Q : Intrepeting the selling price of one unit of model

Under the activity-based costing system, what would be the selling price of one unit of Model #36?

Q : Discuss net operating working capital

Discuss net operating working capital. What would have happened if the machinery were sold for less than its book value?

Q : Distribution of resource consumption

Distribution of resource consumption: The "Other" activity cost pool consists of the costs of idle capacity and organization sustaining costs.

1951200

Questions
Asked

3,689

Active Tutors

1439724

Questions
Answered

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

ask Question

Asked Questions

Initiate an investigation upon receiving the report

First thing in the morning, the DNS receives a report from Mrs. A's daughter that someone was rough with her mother during the night.

Examples most appropriate for clinical record entry

Question: Which of the following documentation examples is the most appropriate clinical record entry?

Design a press kit for a sport event

Design a press kit for a sport event (this may be a fictional event, or a real event from your institution) that includes a short press release.

Provide an example of patient safety

Question: Which of the following is an example of Patient Safety? Hiding or covering up errors Fostering a culture of safety Ensuring a staff member

Demonstrate nurse leaders understanding of resident rights

Which response demonstrates a nurse leader's understanding of resident rights? The resident can eat what he wants as long as it doesn't hurt him.

Provide effective-safe care to medically complex residents

In order to provide effective and safe care to medically complex residents, it is important to do which of the following?

Describe what occurs with the statement of deficiencies

Which of the following describes what occurs with the statement of deficiencies? It is transmitted to the facility staff within 10 working days