User Account

All Pages

What is mr warner cost of not taking the cash discount

Assignment Help Finance Basics
Reference no: EM132466635

Mr. Hugh Warner is a very cautious businessman. His supplier offers trade credit terms of 3/14, net 95. Mr. Warner never takes the discount offered, but he pays his suppliers in 85 days rather than the 95 days allowed so that he is sure the payments are never late.

What is Mr. Warner's cost of not taking the cash discount? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

Reference no: EM132466635

Questions Cloud

How much money must you put in a retirement savings : How much money must you put in a retirement savings each month? Assume the account pays 8.4% APR compounded monthly.
Current margin requirement for the entire fund : What is the current margin requirement for the entire fund (in dollars)?
Determine prepare a multiple-step income statement : Prepare a multiple-step income statement. The accountant of Nash Shoe Co. has compiled the following information from the company's
How long will it take to pay off the credit card bill : If Robert pays $180.80 (the minimum required payment) per month, how long will it take to pay off the credit card bill?
What is mr warner cost of not taking the cash discount : Mr. Hugh Warner is a very cautious businessman. His supplier offers trade credit terms of 3/14, net 95. Mr. Warner never takes the discount offered
Identify might lead to the risk of overstating receivables : What risks does the company identify that might lead to the risk of overstating receivables/revenue or understating payables/liabilities?
Should sam operate at one and two or three lanes : Should Sam operate at one, two, or three lanes?Calculate the profit (or loss) for each alternative, assuming Sam can sell all the meals he can serve.
CHCECE018 - Nurture Creativity in Children Assignment : CHC50113 Diploma of Early Childhood Education and Care - CHCECE018 - Nurture creativity in children. WORKBOOK TITLE: Program Design and Implementation
Effective interest rate for fidelity bank and southwest bank : Summit Record Company is negotiating with two banks for a $168,000 loan. Fidelity Bank requires a compensating balance of 18 percent

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