Question

6 (10 points). Newsome Inc. buys on terms of 3/15, net 45. It does not take the discount. What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year? 7 (1 0 points). Below Enterprises. All of Deck operating liabilities. are the simplified current and projected financial statements for Decker er's assets are operating assets. All of Decker's current liabilities are Income statement Curent Projected Sales Costs Profit before tax Taxeor tax1,0001,500 Net income Dividends 1,400 400 450 280135 120 315 85 95 Balance sheets Current assets Net fixed assets Current Projected Current Projected 100 1,200 1,440 Long-term debt 70 300 500 430 81 360 500 115 Current liabilities Common stock Retained earnings Based on the projections, how much financial deficit or surplus will Decker have Hint: calculate the projected retained carnings first)? 7