Newsome Inc. buys on terms of 4/10, net 45. It does not take the discount, and it generally pays after 70 days. What is the effective (not nominal) annual percentage cost of its non-free trade credit, based on a 365-day year? Enter your answer rounded to two decimal places.
Newsome Inc. buys on terms of 4/10, net 45. It does not take the discount, and...
Newsome Inc. buys on terms of 3/15, net 45. It does not take the discount, and it generally pays after 60 days. What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year?
Cash Poor, Inc. (CPI) buys on terms of 2/10, net 45. CPI does not take the discount, and it generally pays after 55 days. What is the nominal annual percentage cost of its non–free trade credit, based on a 365–day year? Enter your answer rounded to two decimal places. Do not enter % in the answer box. For example, if your answer is 0.12345 or 12.345% then enter as 12.35 in the answer box.
Cash Poor, Inc. (CPI) buys on terms of 2/10, net 45. CPI does not take the discount, and it generally pays after 50 days. What is the nominal annual percentage cost of its non–free trade credit, based on a 365–day year? Enter your answer rounded to two decimal places. Do not enter % in the answer box. For example, if your answer is 0.12345 or 12.345% then enter as 12.35 in the answer box.
Perpetually Slow Pay, Inc. buys on terms of 3/15, net 45. It does not take the discount, and it generally pays after 75 days. What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year? Enter your answer rounded to two decimal places. Do not enter % in the answer box. For example, if your answer is 0.12345 or 12.345% then enter as 12.35 in the answer box.
Show in Excel please! A firm buys on terms of 2/8, net 45 days, it does not take discounts, and it actually pays after 58 days. What is the effective annual percentage cost of its non-free trade credit? (Use a 365-day year.) Terms of trade 2/8, net 45 discount% discount days days of credit Nominal cost of trade credit Days of costly credit Effective cost of trade credit
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...
A firm buys on terms of 2/8, net 45 days, it does not take discounts, and it actually pays after 85 days. What is the effective annual percentage cost of its non-free trade credit? (Use a 365-day year.) a. 10.55% b. 10.05% c. 8.64% d. 9.55% e. 7.84%
A firm buys on terms of 2/8, net 45 days, it does not take discounts, and it actually pays after 58 days. What is the effective annual percentage cost of its non-free trade credit? (Use a 365-day year.)
Atlanta Cement, Inc. buys on terms of 2/15, net 30. It does not take discounts, and it typically pays 115 days after the invoice date. Net purchases amount to $720,000per year. What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year?
Quantitative Problem: Adams Manufacturing Inc. buys $9.2 million of materials (net of discounts) on terms of 2/10, net 50; and it currently pays after 10 days and takes the discounts. Adams plans to expand, which will require additional financing. If Adams decides to forgo discounts, how much additional credit could it obtain? Round your answer to the nearest cent. Do not round your intermediate calculations. Use 365 day in a year. $ What would be the nominal and effective cost...