Nominal annual cost of nonfree trade credit

Assignment Help Financial Management

Reference no: EM131045106

Cost of Trade Credit

Calculate the nominal annual cost of nonfree trade credit under each of the following terms. Assume payment is made either on the due date or on the discount date. Assume 365 days in year for your calculations. Do not round intermediate calculations.

1/15, net 25. Round your answer to two decimal places.

2/10, net 50. Round your answer to two decimal places.

3/10, net 50. Round your answer to two decimal places.

2/10, net 55. Round your answer to two decimal places.

2/15, net 45. Round your answer to two decimal places.

Reference no: EM131045106

Questions Cloud

Mandatory sentencing is not a deterrent for certain crimes : Topic: Mandatory sentencing is not a deterrent for certain crimes. Write a 3 to 4 page persuasive essay based on the following criteria: An introduction paragraph with a thesis statement.

Nominal cost and effective cost : Grunewald Industries sells on terms of 3/10, net 50. Gross sales last year were $4,319,000, and accounts receivable averaged $404,500. Half of Grunewald's customers paid on the 10th day and took discounts. What are the nominal and effective costs of ..

How you would go about locating the appropriate population : MBA8000 ASSIGNMENT 2: Research Design. You are only designing a piece of research to show how you would go about locating the appropriate population. You are not expected to actually do the research yourself or nominate a population. However, if ..

A real estate development company : Acme Realty, a real estate development company, is a limited partnership organized in Georgia. It is planning to develop a twohundred-acre parcel of land for a regional shopping center and needs to raise $1,250,000.

Nominal annual cost of nonfree trade credit : Calculate the nominal annual cost of nonfree trade credit under each of the following terms. Assume payment is made either on the due date or on the discount date. Assume 365 days in year for your calculations. Do not round intermediate calculations.

Conduct the six steps of hypothesis testing : 44 sharks are caught and length is measured in feet. Average was 15.59 feet with standard deviation of 2.55 ft. Test if population mean of all sharks is 16 ft. Use alpha .05 and conduct the six steps of hypothesis testing.

Summary of the fastest ever driven speed : The 5 number summary of the fastest ever driven speed (mph) of penn state students is 55, 95, 110, 120 and 150. The speed that separates the bottom 25% from the top 75% is...55, 120, 110, 95?

Estimate the proportion of republicans and democrats : Political scientists want to estimate the proportion of republicans and democrats in each of the 50 states. They take a random sample of 500 individuals from each state. What sampling did they use? Cluster, Stratified, Simple random, or Convenienc..

Research to develop new computer game : Your company has spent $500,000 on research to develop a new computer game. The firm Is planning to spend $100,000 on a machine to produce the new game. The firm has a tax rate of 35 percent, an opportunity cost of capital of 10 percent, and it expec..

User Account

All Pages