User Account

All Pages

Cost of trade credit

Assignment Help Finance Basics
Reference no: EM131466741

Cost of Trade Credit

If a firm buys under terms of 1/15, net 45, but actually pays on the 20th day and still takes the discount, what is the nominal cost of its nonfree trade credit? Assume 365 days in year for your calculations. Do not round intermediate calculations. Round your answer to two decimal places.

Please show work

Reference no: EM131466741

Questions Cloud

Calculating project ocf : . Cochran, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $1,950,000.
Develop a plan for law enforcement : Develop a plan for law enforcement and/or medical facilities focusing on education and prevention of an attack caused by a specific biological agent.
Effective cost of trade credit : The D.J. Masson Corporation needs to raise $300,000 for 1 year to supply working capital to a new store. Masson buys from its suppliers on terms of 2/10
Locate an article on preparation of healthcare employees : Locate an article on preparation of healthcare employees for bioterrorism and complete a summary and response to the article.
Cost of trade credit : If a firm buys under terms of 1/15, net 45, but actually pays on 20th day and still takes the discount, what is the nominal cost of its nonfree trade credit?
Find the heat removed per kilogram of air flowing : Air enters a heat exchanger with a velocity of 120 m/s and a temperature and pressure of 225°C and 2.5 MPa. Heat is removed from the air in the heat exchanger.
Locate an article on the ethics or economics : Locate an article on the ethics or economics and complete a summary and response to the article. Articles utilized must be different.
Find the npv of projects a and b : i. Draw timeline showing the cash flows of projects A and B? ii. Find the NPV of projects A and B?
Collaborative or principled negotiation : What were the major points that made PN the EFFECTIVE method of choice (relative to other options) for your chosen case study - Can this approach be emulated in and to other environments? Present an example.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd