Solved: If a firm buys under terms of 115 net 45 but actually pays, Finance Basics

+44 141 628 6080
[email protected]

If a firm buys under terms of 115 net 45 but actually pays

Cost of Trade Credit

If a firm buys under terms of 1/15, net 45, but actually pays on the 20th day and still takes the discount, what is the nominal cost of its nonfree trade credit? Assume 365 days in year for your calculations. Do not round intermediate calculations. Round your answer to two decimal places.

Please show work

Solution Preview :

Prepared by a verified Expert

Finance Basics: If a firm buys under terms of 115 net 45 but actually pays

Reference No:- TGS02262309

Now Priced at $20 (50% Discount)

Recommended (97%)

Rated (4.9/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Identify a true statement about validity

Question: Identify a true statement about validity as applied to a test. Multiple choice question

How ensure that the youth understand what study involves

What is another way to say ". It is important to ensure that the youth understand what the study involves, what their participation entails

Describe the results, including any scores

Describe the results, including any scores. Result: E6% Extraverted Action oriented, Outgoing, Expressive, Hands-On S17% Sensing Traditional,

Outline a social issue that is important to you

Outline a social issue that is important to you. Describe why it is important to you, why it is important from a societal perspective and how you think

Review a social, behavioral, or cultural factor

Bearing in mind that there may be several, choose a social, behavioral, or cultural factor associated with your selected domestic violence

Describe some of your personality traits

Adler believed that your birth order determines, to a large extent, your personality. He stated that your traits reflect, somehow, how you have achieved

Is lifespan psychologists are unlikely to investigate

Lifespan psychologists are unlikely to investigate both changes as well as consistencies that exist in different individuals'

Solution Preview :

Prepared by a verified Expert

Finance Basics: If a firm buys under terms of 115 net 45 but actually pays

Reference No:- TGS02262309

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : What were the major points that made pn the effective

Q : I draw timeline showing the cash flows of projects a and b

Q : Locate an article on the ethics or economics and complete a

Q : Air enters a heat exchanger with a velocity of 120 ms and a

Q : If a firm buys under terms of 115 net 45 but actually pays

Q : Locate an article on preparation of healthcare employees

Q : The dj masson corporation needs to raise 300000 for 1 year

Q : Develop a plan for law enforcement andor medical facilities

Q : cochran inc is considering a new three-year expansion