Should rb mart get the loan and pay mc wholesalers

Assignment Help Financial Accounting
Reference no: EM132960059

Question -

I. Answer the following and EXPLAIN elaboratively

1. Wholesaler A borrowed P100,000 from XYZ Bank. What are Wholesaler A's costs of credit? The bank's?

2. How are prices affected by the availability of amounts of credit?

3. What are the linkage enterprises and how will they benefit from the availability of large amounts of credit?

II. Answer the following with COMPUTATION AND EXPLANATION.

1. RB Mart obtained P50,000 worth of merchandise from MC Wholesalers based on terms of 2/10-N-30. The merchandise was invoiced on March 29, 2020, the discount period will end on April 9. On April 2, RB Mart's bank offered to give the owner an unsecured loan of P50,000 payable in one year at 18% per year, the interest will be paid at the end of the term. Should RB Mart get the loan and pay MC Wholesalers within the discount period?

Reference no: EM132960059

Questions Cloud

What was the occupancy rate : In 2009, Hospital ABC had ALOS of 6.9, 453 beds, and 21,000 discharges. What was the occupancy rate in 2009
Explain what the firm does and its objectives : Relevant concepts of Michael Hill International Ltd: Overview: Briefly describe the firm. Explain what the firm does and its objectives
What is the fixed rate on the swap : A corporation enters into a $20 million notional principal interest rate swap. What is the fixed rate on the swap
What is the cash flow from disposal : This asset qualifies as a five-year recovery asset under MACRS. If the asset is sold at the end of four years for $40,000, what is the cash flow from disposal
Should rb mart get the loan and pay mc wholesalers : RB Mart obtained P50,000 worth of merchandise from MC Wholesalers based on terms of 2/10-N-30. Should RB Mart get the loan and pay MC Wholesalers
Can big data and data analytics be used to bring clarit : Can big data and data analytics be used to bring clarity to decision making, or can they be deployed to reinforce preexisting human biases
Analyze financial and economic issue in health care industry : Write a 900 word paper in which you analyze a financial and economic issue in the health care industry. What are the economic trends of the health care payment
Whole foods market-a luxury grocer in detroit : Rationale for Recommended Action: Why is this an appropriate course of action and what is your justification for this action?
Describe the measures will put in place to ensure security : In Victoria Australia You have just finalised, describe the measures you will put in place to ensure the security of the keys, and hence the clients property.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

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