Calculate the nominal annual cost
Calculate the nominal annual cost of non free trade credit under each of the following terms. Assume payment is made either on the due date or on the discount date.
a. 1/15, net 20.
b. 2/10, net 60.
c. 3/10, net 45.
d. 2/10, net 45.
e. 2/15, net 40.
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Assuming that the notes pay interest annually and mature on December 31 of the respective years, compute the total interest payments in 2013 for these notes.
Harrington Inc. is introducing a new product in its line of household appliances. Household products generally have 10 year life cycles and are viewed as capital budgeting projects over that period. Harrington's working capital forecast.
McDowell Industries sells on terms of 3/10, net 30. Total sales for the year are $912,500. Forty percent of the customers pay on the 10th day and take discounts;
What is Peartree's margin and turnover? Round margin to the nearest whole percent and turnover to two decimal places. Do not include a percent sign as part of your answer.
To make the change, Mead will purchase a $200,000 trick that will depreciate straight line over 10 years to a $40,000 salvage value.
A building is priced at 125,000. If a down payment of 25,000 is made and a payment of 1,000 every month thereafter is required, how many months will it take to pay for the building?
Pierce Furnishings generated $2.0 million in sales during 2002,and its year-end total assets were $1.5 million. Also ,at year- end 2002,current liabilities were $500,000,consisting of $200,000 of notes payable, $200,000 of accounts payable, and $1
The Catseye Marble Co is thinking of replacing a manual production process with a machine. The manual process requires three relatively unskilled workers and a supervisor.
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