User Account

All Pages

What is the discount being offered

Assignment Help Financial Management
Reference no: EM131539391

You place an order for 1,700 units of Good X at a unit price of $54. The supplier offers terms of 3/15, net 35.

a. How long do you have to pay before the account is overdue? Number of days days If you take the full period, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Remittance $

b. What is the discount being offered? (Enter your answer as a percent.) Discount rate % How quickly must you pay to get the discount? (Days) If you do take the discount, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Remittance $

c. If you don’t take the discount, how much interest are you paying implicitly? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Implicit interest $ How many days’ credit are you receiving? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Days’ credit days.

Reference no: EM131539391

Questions Cloud

Charged with governance in publicly traded company : Which of the following items should an auditor communicate to those charged with governance in a publicly traded company?
Evaluate the acquisition of a wind power plant : Taurus Inc. hires you to evaluate the acquisition of a wind power plant.
Decide on a retirement age and desired income : Plan your retirement. Decide on a retirement age and desired income. Estimate yield on investments, inflation rate, and Social Security benefits.
Prepare an income statement : Sales for 20X2 were $245,000, and the cost of goods sold was 60 percent of sales. prepare an income statement for 20X2.
What is the discount being offered : What is the discount being offered? If you don’t take the discount, how much interest are you paying implicitly?
What is best estimate of the current stock price : What is the best estimate of the current stock price?
How many yen could one us dollar buy tomorrow : If the yen is expected to depreciate by 8 percent tomorrow, how many yen could one U.S. dollar buy tomorrow?
What will be the earnings per share after the repurchase : What will be the earnings per share after the repurchase if the economy booms?
What are the projects IRR-NPV-MIRR and DPB : You have calculated a cost of capital for the firm of 12 percent. What are the project's IRR, NPV, MIRR, and DPB?

Reviews

Write a Review

Financial Management Questions & Answers

  How much net working capital does the firm need to fund

Dandee Lions, Inc. has a cash balance of $105,000; accounts payable of $290,000; inventory of $213,000; accounts receivable of $310,000; notes payable of $95,000; and accrued wages and taxes of $65,000. How much net working capital does the firm need..

  Should the factory buy the new machine

A factory is considering investing $60 000 in a new machine. should the factory buy the new machine ?

  What is the firms WACC given a tax rate

Mullineaux Corporation has a target capital structure of 41 percent common stock, 4 percent preferred stock, and 55 percent debt. Its cost of equity is 18 percent, the cost of preferred stock is 6.5 percent, and the pre-tax cost of debt is 8.5 percen..

  What is a debenture

What is a debenture? Why do you think that this is the most common form of corporate bond in the United States, but is much less commonly used elsewhere?

  Measures is preferred

For bonds with embedded options that are more or less sensitive to positive and negative changes in interest rates, which of the following measures is preferred

  Company capital structure consists of debt

WACC and Percentage of Debt Financing Hook Industries' capital structure consists solely of debt and common equity. What percentage of the company's capital structure consists of debt?

  Preferred stock a more favorable investment

A company needing additional capital can either borrow it, or convince stockholders to invest more. If your choice was to issue preferred stock, and you anticipated a low demand for this type of security, what enhancements (features) would you includ..

  What is minimum continuously compounded interest rate

What is the minimum continuously compounded interest rate that could be acceptable to this investor for this loan?

  What is the expected risk-free rate of return

If asset A has a beta of 1.3, has an expected return of 25 percent, and the expected market return is 20 percent, what is the expected risk-free rate of return?

  Banking regulations tend to encourage financial innovation

Why do banking regulations tend to encourage financial innovation? How have money market funds, junk bonds, commercial paper, and securitization tended to reduce the profitability of traditional bank lending?

  Expected interest rate on a one-year treasury bond

As of 09/17/2014, what was the expected interest rate on a one-year treasury bond on 09/17/2015? Please use the expectations theory. As of 09/17/2014, the expected interest rate on a one-year treasury bond If there the expected and the actual interes..

  Investment represents the difference between the investment

The net present value of an investment represents the difference between the investment's:

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