What is the opportunity cost of not taking advantage

Assignment Help Accounting Basics
Reference no: EM133123500

Question - It is typically beneficial for companies to take advantage of early-payment discounts allowed on purchases made on credit. To see why this is the case, determine the effective rate of interest associated with not-taking advantage of the early-payment discount for each of the following situations. Assume in each case that payment is made on the 60th day of the billing cycle.

Required -

1. What is the opportunity cost of not taking advantage of the discount associated with purchases made under the following terms: 2/20, n/60?

2. What is the opportunity cost of not taking advantage of the discount associated with purchases made under the following terms: 1/20, n/60?

3. To motivate managers to take early-payment discounts, what is the appropriate accounting treatment for purchase discounts?

Reference no: EM133123500

Questions Cloud

Computer science html and css project : Just looking for an old html/css project thats multiple pages that you may have done in the past.
Calculate the beta of this portfolio of stocks : Calculate the beta of this portfolio of stocks using the current betas for each stock as given on Yahoo Finance or CNBC. What does this portfolio beta measure
Compute the increase or decrease in income : Assuming that the strikes continue for two months, compute the increase or decrease in income from closing the plant
Intersection of technology and policy : Write a paper exploring themes at the intersection of technology and policy. Explore freedom of expression via the Internet within autocratic regimes.
What is the opportunity cost of not taking advantage : What is the opportunity cost of not taking advantage of the discount associated with purchases made under the following terms: 2/20, n/60
Mobile user interface design : Compare and contrast different mobile platforms. Discuss mobile information design. Choosing mobile web options.
Soul diligently and training for godliness : How does keeping your soul diligently and training for godliness compare to training used in the workplace?
Types of threats can impact operations of infrastructure : What types of threats can impact operations of the infrastructure? What steps can be taken to protect systems in the infrastructure
What is her age to start to saving money : You have a sister. For her college education every end of the year you are putting $1484 in her saving account. What is her age to start to saving money

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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