What is the APR and r EAR on the nonfree credit associated with credit terms of (a)
Question:
What is the APR and rEAR on the non–free credit associated with credit terms of
(a) 2/15, net 45
(b) 3/5 net 45?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
a r EAR 1020408 36030 10 ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
What is the APR, and why are lending institutions required to disclose this rate?
-
Siblings Jordan and Morgan Hartley are partners in a trendy toy store called ToyMania! Jordan, as senior partner, receives an annual salary allowance of $20,000 and 60 percent of all income/losses...
-
a. If a firm buys under terms of 3/15, net 45, but actually pays on the 20th day and still takes the discount, what is the APR of its nonfree trade credit? b. Does the firm receive more or less...
-
According to a survey study conducted by Rossi (2013), the exchange rate predictability depends on: 1 sample period and model 2 the choice of predictor 3 forecast horizon and evaluation method 4 all...
-
Find the effective value of f(t) defined in Fig. 11.65. f(t) -1 0 23 4 5
-
Which of the following are not valid Locale formats? (Choose two.) A. nl_BE B. fr_CA C. uk_ua D. CR E. no F. ro_RO
-
Describe the role of an organizations personnel in compliance and antifraud efforts.
-
Following are some of the tests of controls and substantive tests of transactions procedures often performed in the payroll and personnel cycle. (Each procedure is to be done on a sample basis.) 1....
-
IQ scores (as measured by the Stanford-Binet intelligence test) are normally distributed with a mean of 100 and a standard deviation of 16. What percentage of the population has an IQ score between...
-
OCAS PROJECT. Effect of Damping. Consider a vibrating system of your choice modeled by y" + cy' + ky = d(t). %3D (a) Using graphs of the solution, describe the effect of continuously decreasing the...
-
If a firm buys on terms of 3/15, net 45, what is the APR of its nonfree trade credit? What is the effective annual rate, r EAR ?
-
Calculate the APR and r EAR of nonfree trade credit associated with credit terms of 3/10, net 50, and 2.5/15, net 45, assuming that customers who do not take the discount (a) Pay on the last due date...
-
Equal end-of-period semiannual payments of $500 are made to a fund paying a nominal 10 percent per year compounded continuously. a. What will the fund amount to after 7 years? b. What is the present...
-
If an asset is given to a charitable organization and the asset is sold, what is the effect on the charitable contribution deduction?
-
What expenses are eligible for the Lifetime Learning Credit?
-
What are two acceptable methods of calculating the basis of new property acquired in a like-kind exchange?
-
What is the definition of "method of accounting"?
-
Explain the concept of the multiple support agreement. What are the requirements for such an agreement?
-
The drawing shows box 1 resting on a table, with box 2 resting on top of box 1. A massless rope passes over a massless, frictionless pulley. One end of the rope is connected to box 2, and the other...
-
An 8.0 kg crate is pulled 5.0 m up a 30 incline by a rope angled 18 above the incline. The tension in the rope is 120 N, and the crates coefficient of kinetic friction on the incline is 0.25. a. How...
-
Baker Island Tours (BIT) expects earnings to grow at a constant rate of 4 percent forever. Its target debt/assets ratio is 40 percent, and it expects to have profitable investments of $1.3 million...
-
Darlings Dry Cleaning has been growing at a constant 6 percent rate for more than 20 years, and this growth is expected to continue forever. Last year, Darlings paid a dividend equal to $3.50 per...
-
Texas Teas dividend policy calls for the dividend to be increased each year by the same rate. Last year, the company paid a dividend equal to $2.50 per share. This year, after the company initiates a...
-
1. Consider a customer at any place of employment or most recent place of employment 2. List the elements that would be required for your place of employment to deliver a single customer view. Based...
-
What ethical considerations and accountability mechanisms should leaders integrate into their vision communication strategies to ensure transparency, inclusivity, and alignment with organizational...
-
Give three reasons why an organization may support projects that do not have high-profit margins, also explain. Discuss how project selection might be different in an agile versus a plan-driven or...
Study smarter with the SolutionInn App