A firm is offered trade credit terms of 2/8, net 45 days. The firm does not take the discount. It pays after 58 days. What is the effective annual cost (EFF%) of not taking this discount
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A firm is offered trade credit terms of 2/8, net 45 days. The firm does not take the discount. It pays after 58 days. What is the effective ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Given the data in the chart above, which statement explains why these three countries would benefit from specialization and trade? Select one: a. Each country has an absolute advantage in one activity. b.
Answers (1)
Suppose that a person's nominal income rises by 5 percent and the price level rises from 125 to 130. The person's real income will a) rise by about 4 percent. b) rise by about 1 percent. c) remain constant. d) fall by about 1 percent.
Answers (1)
Compared to outsourcing, nearshoring offers certain advantages such as similar time zones, cultural and linguistic affinity, geographical proximity, as well as economic, political, or historical linkages. 1. True2. False
Answers (1)
The order for an economy to be successful, there must be some form of organization. Firms produce products that are marketed and sold. There must be people with to purchase and consumed the products that are produced by the forms.
Answers (1)
During the taking of the physical inventory, the company inadvertently counted its inventory as $98,000 instead of the correct amount of $89,000. Indicate the effect of the misstatement on the balance sheet of the current year. a.
Answers (1)
New Questions in Business
Headings in reports that describe the content of the section and may even give a conclusion about the section are called:
Answers (1)
Coronado Company purchased land for $80,000. The company also paid $12,000 in accrued taxes on the property, incurred $5,000 to remove an old building, and received $2,000 from the salvage of the old building.
Answers (1)
Trueview video ads can be especially effective for driving what goals?
Answers (1)
There are three factors that can affect the shape of the Treasury yield curve (r*t, IP_t, and MRP_t) and five factors that can affect the shape of the corporate yield curve (r*t, IP_t, MRPt, DRP_t, and LP_t).
Answers (1)
Alyson is an employee at Who'd of Thunk It Games, a company that was just purchased by a competitor. The goals set forth by the new management team are extremely ambitious and are placing seemingly insurmountable goals for the employees.
Answers (1)