How much can be saved by borrowing the funds

Assignment Help Other Subject

Reference no: EM13716018

Calculate the solution of the given question

Question- You are the accountant for Suite Dreams, a retail furniture store. Recently, an order of sofas and chairs was received from a manufacturer with terms of 3/15, n/45. The order amounted to $230,000, and Suite Dreams can borrow money at 13% ordinary interest.

Part 1- How much can be saved by borrowing the funds for 30 days to take advantage of the cash discount? (Remember, Suite Dreams must borrow only the net amount due after the cash discount is taken.)

Part 2- What would you recommend?

I want help to determine the answer of the above problem.

Reference no: EM13716018

Questions Cloud

Explain decay to a mass of a half-life : How much time in years (assume a 365 day year for each year) would it take for a 2.849 g sample of 128Ba to decay to a mass of 1.136 g if it has a half-life of 2.0995e+5 s.

Compute the ratio of the sun mass to earth mass : What is the ratio of the Sun's mass to Earth's mass? Planetary scientists estimate that the total mass of the Solar System, excluding the Sun, is 500 Earth masses.

What is the concentration of ni ions at equilibrium : A 0.140-mole quantity of NiCl2 is added to a liter of 1.20 M NH3 solution. What is the concentration of Ni^2+ ions at equilibrium? Assume the formation constant* of Ni(NH3)6^2+ is 5.5x10^8.

Draw structural formulas for the first reaction : When 2-methylpentane-2,5-diol is treated with sulfuric acid, dehydration occurs and 2,2-dimethyltetrahydofuran is formed. Draw structural formulas for the first and second intermediates in this reaction.

How much can be saved by borrowing the funds : You are the accountant for Suite Dreams, a retail furniture store. How much can be saved by borrowing the funds for 30 days to take advantage of the cash discount.

Explain 3-epoxypentane undergoes acid-catalyzed hydrolysis : Show the stereochemistry of the organic product(s) you would expect when (2R,3R)-2,3-epoxypentane undergoes acid-catalyzed hydrolysis.

What was the ds (j/k) of the process : During the expansion of 0.9704 mole of CO2 gas, the pressure decreased from 2.304 atm to 1.0 atm. What was the DS (J/K) of the process

Draw the structure of the first intermediate of the reaction : Epoxides are reduced by treatment with lithium aluminum hydride to yield alcohols. Draw the structure of the first intermediate of the reaction between 3,4-epoxyhexane and LiAlH4.

Explain a chemical communication system based on scent : Its IR spectrum shows an intense band at 890 cm-1. Its 1H NMR spectrum has peaks at delta 1.74 (3 H, singlet), 2.11 (3 H, singlet), 2.27 (2 H, triplet, J=4.2 Hz), 2.57 (2 H, triplet, J=4.2 Hz), and 4.73 (2H, broad). Draw its structure in the windo..

User Account

All Pages