What are the primary reasons for using trade credit for short-term financing?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
Convenience it permits goods to be sold with a sim...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Introduction to Finance Markets Investments and Financial Management
ISBN: 978-1118492673
15th edition
Authors: Melicher Ronald, Norton Edgar
Question Posted:
Students also viewed these Finance questions
-
What are the primary reasons for issuing a stock dividend?
-
What are the primary reasons for networking among computers and computer-related devices?
-
What are the primary reasons for implementing an ERP system?
-
A random queue is a collection that supports the following API: Write a class RandomQueue that implements this API. Use a resizing array. To remove an item, swap one at a random position (indexed 0...
-
1 2x + 5 < 11
-
You are given the quadratic equation 4x 2 - x + 6 = 0 which has roots and .
-
A shaft, having a stiffness of \(3.75 \mathrm{MN} / \mathrm{m}\), rotates at \(3600 \mathrm{rpm}\). A rotor, having a mass of \(60 \mathrm{~kg}\) and an eccentricity of 2000 microns, is mounted on...
-
Minnesota Office Products (MOP) produces three different paper products at its Vaasa lumber plant: Supreme, Deluxe, and Regular. Each product has its own dedicated production line at the plant. It...
-
Part of the Federal Agenda for Criminal Justice Reform proposed by members of Congress contains a proposal to incentivize states to reduce their prison populations. Enact the Reverse Mass...
-
Wiset Company completes these transactions during April of the current year (the terms of all its credit sales are 2/10, n/30). Apr. 2 Purchased $14,300 of merchandise on credit from Noth Company,...
-
What is meant by trade credit? Briefly describe some of the possible terms for trade credit.
-
How does the Small Business Administration provide financing to businesses?
-
In using the Kruskal-Wallis test, there is a correction factor that should be applied whenever there are many ties: Divide H by Here T = t3 - t, where t is the number of observations that are tied...
-
ABC 2. The "Energy-Efficient Home Improvement Credit," defined by the latest tax law, is valid until the end of the 2032 tax year. After that, however, IRC Section 25C only applies to property put...
-
Raw Materials Inventory 7/1/19 Raw Materials Inventory 6/30/20 Finished Goods Inventory 7/1/19 Finished Goods Inventory 6/30/20 Work in Process Inventory 7/1/19 Work in Process Inventory 6/30/20...
-
Machine Replacement Decision A company is considering replacing an old piece of machinery, which cost $597,300 and has $349,600 of accumulated depreciation to date, with a new machine that has a...
-
Ivanhoe Industries Limited purchased a strip mine for cash on April 1, 2020 at a cost of $5,787,000. Ivanhoe expects to operate the mine for 10 years, at which it is legally required to restore the...
-
After Tonya moved to Chicago, she realized that her local Target store did not stock swimming suits year-round, unlike the Target she used to visit in Tampa. Which type of segmentation does this...
-
Find all values of c such that the limit exists. lim x-1 1 x-1 C x - 1,
-
The test statistic in the NeymanPearson Lemma and the likelihood ratio test statistic K are intimately related. Consider testing H 0 : = 0 versus H a : = a , and let * denote the test statistic...
-
A biologist decided that she wanted to have $\$ 54,267.89$ in her account in 10 years, and she found a bank which compounded monthly at $6 \%$. What are her monthly payments to achieve her goal of...
-
If the reserve computation period extends from May 18 through May 31, what is the corresponding reserve maintenance period? What accounts for the difference?
-
Two depository institutions have composite CAMELS ratings of 1 or 2 and are well capitalized. Thus, each institution falls into the FDIC Risk Category I deposit insurance assessment scheme. Further,...
-
Two depository institutions have composite CAMELS ratings of 1 or 2 and are well capitalized. Thus, each institution falls into the FDIC Risk Category I deposit insurance assessment scheme....
-
Suppose the normalized pulse shape, h(t), shown below, is used to generate the pulse train v(t) = vnhr(t - nT) N=- where {n} are the transmitted symbols, with each Un selected independently from {-1,...
-
The following information is available for Bonita's Chocolates: Actual production 2,750 boxes Budgeted production 3,450 boxes Direct Materials Standard Actual 4 pounds of chocolate per box @ $6.00...
-
James is currently on a bridge, 2 1 meters above the water and throws a ball in the horizontal direction. The ball gets to the water surface at a horizontal distance of 1 2 meters from James. ( a )...
Study smarter with the SolutionInn App