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multinational business finance

Mathematics Of Business And Finance 4th Edition Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans - Solutions

Lucy was in charge of sourcing chemicals for her pharmaceutical company. She received the invoice for the shipment of chemicals for $280,400 with an invoice dated October 12, 2020 and payment terms 2/10, 1/30, R.O.G. The chemicals were delivered on October 29, 2020.a. If she paid $100,000 on
A hardware store received an invoice for $6375 dated March 26, 2020 with payment terms 3/7, 1.5/15, E.O.M.a. What payment on April 05 will reduce the balance owed to $2000?b. What further payment needs to be made on April 15 to settle the balance?AppendixLO1
An electronics store received an invoice for $8200 dated January 23, 2020 with payment terms 2.5/10, 1.5/20, E.O.M.a. What payment on February 09 will reduce the balance owed to $4000?b. What further payment needs to be made on February 20 to settle the balance?AppendixLO1
A department store received an invoice for $5625 dated February 25, 2020 with payment terms 3.0/10, 1.5/20, E.O.M. What payment on March 10 will reduce the balance by $2500?AppendixLO1
A publisher received an invoice for $12,675 dated February 28, 2020 with payment terms 3/7, 1.5/15, E.O.M. What payment on March 07 will reduce the balance by $7500?AppendixLO1
Meghan, the owner of a brewery in Toronto, receives a shipment of barley on May 05, 2020 with an invoice dated May 01, 2020 valued at $30,600 and cash discount payment terms 3/10, n/30, R.O.G. What cash discount would she receive if the invoice is settled on the following dates:a. May 10?b. May
Starlight, a Kingston based production company, shipped a truck-load of lighting equipment to a client in Halifax. The invoice of $175,000 for the equipment was dated August 02, 2020. The equipment was received by the client on September 10, 2020. If the payment terms were 2.5/10, n/45, R.O.G.,
An invoice for $120,800 dated January 27, 2020 for a shipment of furniture has payment terms 3/15, E.O.M. What payment will settle the invoice if it is paid on:a. January 31?b. February 15?AppendixLO1
Bolt Work Installers received an invoice dated February 24, 2020 for $83,500 for electrical appliances that it purchased. If the payment terms on the invoice were 2/10, E.O.M., what payment would settle the invoice if it is paid on:a. February 27?b. March 10?AppendixLO1
Adele, the purchasing manager, received an invoice for $290,000 dated March 17, 2020 with payment terms 2/7, 1.5/30, n/45. She made a first payment of $140,500 on March 24, a second payment of $100,000 on April 16, and the balance on May 01.a. What was the balance amount after the first payment?b.
A company received an invoice dated October 20, 2020 with terms 1.5/10, 0.5/30, n/60 for an amount of $150,860. It made a first payment of $65,500 on October 30, 2020, a second payment of $40,250 on November 19, 2020, and the balance on December 19, 2020.a. What was the balance amount after the
The purchasing department of a manufacturing company received an invoice for $280,550 with payment terms 2/10, n/30. What payment should be made within the discount period to reduce the balance by $30,000?AppendixLO1
A purchasing manager received a shipment of raw materials with an invoice for $120,000 with terms 2.5/10, n/30. What payment should he make within the discount period to reduce the balance by $100,000?AppendixLO1
A purchasing manager of a beverage bottling factory received a shipment of raw materials with an invoice for $132,500 with payment terms 3/10, n/30. What payment should he make within the discount period to reduce the balance to $50,000?AppendixLO1
An invoice for $56,000 has payment terms 1.25/15, n/45. What payment should be made within the discount period to reduce the balance to $25,000?AppendixLO1
Nina received an invoice for $10,263 dated March 18, 2020 with payment terms 2.5/10, n/30 for the purchase of fertilizer for her vineyard. If she made a partial payment of $5000 on March 28 and settled the balance amount on April 17, what was the total amount paid for the fertilizer?AppendixLO1
A retailer purchased winter clothes from a wholesaler and received an invoice for $40,618 dated November 25, 2020 with payment terms 3/15, n/30. If the retailer made a partial payment of $20,000 on December 10 and settled the balance on December 23, calculate the total amount paid for the
Reshma and Nikki run a very successful bakery in Oshawa, Ontario. On July 29, 2020 they received an invoice of $1750 with payment terms 3/7, 1.5/30, n/45 from their flour supplier. If they made a partial payment of $1250 on August 28, 2020, calculate the outstanding balance.AppendixLO1
If a payment of $5000 was made on October 05, 2020 against an invoice for $30,000 dated September 05, 2020 with payment terms 3/10, 2/30, n/60, calculate the outstanding balance.AppendixLO1
A payment of $2500 was paid during the discount period on an invoice for $4775 with payment terms 2/15, n/30. What further payment, after the discount period, will settle this invoice?AppendixLO1
A payment of $1250 was paid during the discount period on an invoice for $3150 with payment terms 3/10, n/30. What further payment, after the discount period, will settle this invoice?AppendixLO1
Suzanne received goods shipped to her from Halifax along with an invoice of $3000 that had payment terms 2.5/10, n/30. If she made a partial payment of $1000 during the discount period, calculate the balance on the invoice.AppendixLO1
Ning, the owner of a recording studio, received an invoice for $2500 that had payment terms 1/15, n/30. If she made a partial payment of $2000 during the discount period, calculate the balance on the invoice.AppendixLO1
Three invoices for the amounts of $35,800, $25,000, and $40,650 were received on March 22, 2020, April 21, 2020, and May 14, 2020, respectively. If the payment terms are 3/7, 1/30, n/60, calculate the amount that must be paid on May 21, 2020 to settle all three invoices.AppendixLO1
How much must be paid on December 20, 2020 to settle three invoices of values $125,750, $85,000, and $12,200 that were received on November 19, 2020, November 20, 2020, and December 10, 2020, respectively. The payment terms are 3/10, 1/30, n/45.AppendixLO1
DCM Clocks received the following two invoices from its supplier: $27,500 on December 19, 2019 and $22,500 on January 08, 2020. If the payment terms on both the invoices were 2/10, 1/30, n/60, calculate the amount that must be paid by DCM Clocks to settle both of these invoices on January 18,
A publisher received an invoice for $180,750 on October 20, 2019 and another invoice of $145,000 on November 09, 2019 from its printer. The payment terms on both the invoices were 3/10, 1.5/30, n/45. What amount must be paid by the publisher to settle both of these invoices on November 19,
Steeltopia, a manufacturer of steel tubes, purchased raw materials from Premier Controls Ltd. and received an invoice for $20,500 dated February 29, 2020 with the following terms: 2/10, n/45. What amount does Steeltopia have to pay to settle the invoice if paid on the following dates of 2020:a.
The purchasing department of a leading information technology company received an invoice of $260,800 for the purchase of new computers for its software development team. The invoice was dated February 15, 2020 and had the following payment terms: 2/7, n/45. What amount does the company have to pay
Ella purchased some furniture for her office and received an invoice for $18,800 dated September 16, 2020 with payment terms 3/7, 1/30, n/60. What amount does she have to pay on October 16, 2020 to settle this invoice?AppendixLO1
What payment on November 21, 2019 will settle an invoice for $3150 dated October 22, 2019 with payment terms 3/10, 1.5/30, n/60?AppendixLO1
An item is listed for $280, less discounts of 25%, 15%, and 10%. What further rate of discount must be offered to reduce the net price to $150?AppendixLO1
Skis are listed by a manufacturer for $850, less trade discounts of 30% and 15%. What further rate of discount must be offered to reduce the net price to $450?AppendixLO1
Marissa paid $190.57 for a printer that she purchased after receiving trade discounts of 20%, 15%, and 5%.a. What was the list price of the printer?b. What single equivalent trade discount rate represents the series of discounts received?AppendixLO1
A shoe retailer received three trade discounts of 15% each on a pair of shoes that he purchased for $42.99.a. What was the list price of the pair of shoes?b. What single equivalent trade discount rate represents the series of discounts received?AppendixLO1
The owner of a manufacturing plant offers his distributors trade discounts of 5%, 5%, and 1%. He wanted to standardize these discounts and offer just one discount that was equivalent to these three discounts. What equivalent trade discount rate should he offer?AppendixLO1
A list price is discounted under a series of three trade discount rates of 12% each. What is the single equivalent trade discount rate that represents these three discount rates?AppendixLO1
Is a series of trade discount rates of 20%, 10%, and 5% equivalent to a single trade discount rate of 31.60%?AppendixLO1
Is a series of trade discount rates of 50%, 40%, and 10% equivalent to a single trade discount rate of 85%?AppendixLO1
A pet food company in Toronto, Ontario lists a bag of food for $22 with trade discount rates of 8% and 4%. At the same time, a company in Orillia, Ontario lists the same food for $21.50 with trade discount rates of 7% and 5%.a. Which company is offering the food for a cheaper price?b. What further
A specific model of computer servers are being sold by Company A for $26,500 each, offering trade discounts of 7% and 6%, and by Company B for $35,500 each, offering trade discount rates of 12% and 2%.a. Which company is offering the servers for a cheaper price?b. What further trade discount rate
A computer store lists a laptop at $600.00, less two trade discounts of 15% and 10%. An electronics store lists the same model laptop at $590.00, less one trade discount of 25%.a. Which store is offering the laptops for a cheaper price and by how much?b. What further trade discount rate must the
A popular model of a tablet is being sold by Teqtronic at a list price of $825.00, less two trade discounts of 8% and 7%. The same model of tablet is also being sold by an online store for $900.00, less a trade discount of 15%.a. Which store is offering the tablet for a cheaper price and by how
A retail store sells a pair of shoes for $82.00, less 15%. A department store sells the same item for $99.90, less 20%.a. Which store is offering the item for a cheaper price and by how much?b. What additional trade discount rate must the store with the higher price provide to match the lower
A retail store lists a jacket for $290.00, less 18%. A department store lists the same jacket for $265.00, less 12%.a. Which store is offering the item for a cheaper price and by how much?b. What additional trade discount rate must the store with the higher price provide to match the lower
A distributor in Northern Canada lists a product for $8700 with trade discount rates of 10%, 8%, and 4%. Another distributor in Western Canada lists the same model of the product for $8800 with trade discount rates of 11% and 8%. The product is also listed online for $8900 with a single trade
Marco, the purchasing manager at a distribution company, was asked to source steel tubes. He received the following quotes from vendors: Vendor A: $20,600, offering trade discount rates of 10%, 8%, and 7.5%; Vendor B: $20,600, offering trade discount rates of 11% and 10%; Vendor C: $20,600,
Three trade discount rates of 5% each are offered on an airplane ticket that is listed at $1200.a. What is the net price of the ticket?b. What is the amount of discount offered?AppendixLO1
Towards the end of winter, a distributor is selling leather jackets that were listed for $600 with the following three discounts: 15%, 10%, and 5%.a. What is the net price of the leather jacket?b. What is the amount of trade discount?AppendixLO1
A clothing wholesaler listed a dress for $280 and offered a standard trade discount rate of 10%. The dress did not sell for two months, so she offered an additional trade discount rate of 12% on the dress during a clearance sale. Calculate the amount of discount offered if both discounts are
A distributor of kitchen appliances could not sell a blender that was listed at $80.50 even after a trade discount of 25%. He decided to discount it further and offered an additional trade discount of 25%. If the distributor sold the blender at this new price, calculate the amount of trade discount
Annabel's store is selling a newly released camera for $465.50 each. Vashti's store is selling the same model for $490. What rate of discount should Vashti's store offer to match the price of the camera at Annabel's store?AppendixLO1
Blue Snow Inc. is selling snow blowers for $725 each. The same model blowers are being offered by Winter Edge Depot for $667 each. What rate of discount should Blue Snow Inc. offer to match the lower price?AppendixLO1
A retail store purchased a shipment of coffee at a net price of $787.20. If this shipment was listed at $960.00, calculate the trade discount rate.AppendixLO1
The list price of canned foods at a wholesaler's outlet is $50 and the net price is $46. What is the trade discount rate?AppendixLO1
A trade discount rate of 5% on a shipment of designer clothes resulted in a trade discount amount of $20,400.a. What was the list price of the shipment of designer clothes?b. What was the net price of the shipment of designer clothes?AppendixLO1
A trade discount rate of 15% on a product resulted in a trade discount amount of $18,200.a. What was the list price of the product?b. What was the net price of the product?AppendixLO1
An accounting software was sold at $780 per package after a trade discount rate of 10.5%.a. What was the list price of the software?b. What was the amount of discount?AppendixLO1
A distributor of batteries received a complete payment of $8560.50 for ten automobile batteries that it sold to a wholesaler after a trade discount of 12%.a. What was the list price of each battery?b. What was the amount of discount offered for each battery?AppendixLO1
The net price of a snow blower is $503.40 after a trade discount of 25%. What is the list price?AppendixLO1
The net price of a lawn mower is $197.60 after a trade discount of 35%. What is the list price?AppendixLO1
The list price of a fan is $165. During a sale, a trade discount rate of 8% is offered.a. What is the amount of the trade discount?b. What is the net price of each fan?AppendixLO1
A new model of golf shoes are listed at $110 per pair. During a sale, a trade discount rate of 15% is offered.a. What is the amount of trade discount offered per pair of shoes?b. What is the net price per pair of shoes?AppendixLO1
What nominal interest rate compounded semi-annually will place investors in the same financial position as 6.25% compounded monthly?AppendixLO1
Calculate the nominal rate of interest compounded semi-annually that is equivalent to an effective rate of 4.82%.AppendixLO1
Bank A offered 10-year loans to its employees at 2.15% compounded semi-annually. Calculate the annually compounded rate that Bank B must offer their employees so that the interest charged on a $10,000 loan will be identical at both banks.AppendixLO1
Liv has savings of $20,000 to invest. Bank A is offering her 4.20% compounded monthly, while Bank B is offering 4.25% compounding semi-annually. Which bank is a better investment choice?AppendixLO1
A debt of $12,000 resulted in $6000 of interest charged in 6 short years. If the interest rate was compounded monthly, calculate the nominal interest rate charged and the equivalent effective interest rate charged.AppendixLO1
Jerome's $50,000 investment had grown to $120,000 in 10 years of semi-annual compounding rates. Calculate the nominal interest rate earned and the equivalent effective interest rate of return on the investment.AppendixLO1
Calculate the nominal interest rate and the equivalent effective interest rate for an investment of $20,000 that grew to $30,000 in four years of quarterly compounding.AppendixLO1
If the government invested $1,500,000 for ten years in international bonds, what was the effective rate of interest earned on the investment if the amount matured to $2,275,375?AppendixLO1
If Gaya invested $18,000 in an RRSP on her 21st birthday, how long would it take for the RRSP to earn interest of at least $6000 at 3.5% compounded quarterly? Express the term in years rounded to two decimal places, in years and months, and in years and days.AppendixLO1
What nominal rate of interest, compounded semi- annually, will enable an investment of $6,000 to grow to $7,200 in 5 years?AppendixLO1
If $18,850 is the interest earned on lending $82,400 for three years, calculate the nominal interest rate compounded monthly.AppendixLO1
A payment of $10,000 is due in one year and another payment of $5000 is due in two years. Calculate the size of two equal payments that would replace these payments in six months and three years if money is worth 8% compounded monthly.AppendixLO1
You wish to accumulate $12,000 in two years. How much should you deposit if your investment accumulates interest at a rate of 8% compounded daily?AppendixLO1
How much more or less would you have to invest today to have $12,000 in four years at 4% compounded semi- annually instead of 4.04% compounded annually?AppendixLO1
The maturity value of a savings account that belonged to Brick & Glazer Window Manufacturing Ltd. was $30,223.50. If the money deposited earned 6% compounded semi-annually for the first three years and 4% compounded monthly for the next two years, calculate the amount deposited into this savings
Roxy obtained a loan of $100,000 four-and-a-half years ago. The interest rate on the loan was 4% compounded semi-annually for the first six months, 6% compounded semi-annually for the next one-and-a-half years, and 8% compounded semi-annually thereafter. Calculate the accumulated value of the loan
Rodney opened an RRSP account into which he deposited $4000. He then deposited $5000 in 180 days and $6000 in 365 days. If the RRSP was earning 4% compounded daily, calculate the accumulated value of his investments 730 days from the initial deposit.AppendixLO1
net income of $580,900 in a savings account for 2 years and 4 months. Calculate the amount it would have in this account at the end of the period and the interest earned if money was earning interest at a rate of 6.25% compounded quarterly. Peter borrowed $28,000 from a local bank at 5% compounded
A small telecommunications company invested its 2019 AppendixLO1
A mortgage has a nominal interest rate of 3.45% compounded semi-annually. If the bank that issued the mortgage added 1.50% to the effective interest rate, calculate the new mortgage rate compounded semi- annually.AppendixLO1
Henrietta went to a bank and obtained a personal loan with an interest rate of 3.18% compounded monthly. If 1% was added to the effective interest rate, calculate the new nominal interest rate compounded monthly.AppendixLO1
What nominal interest rate compounded daily would place investors in exactly the same financial position as 6.55% compounded annually?AppendixLO1
What nominal interest rate compounded monthly would place investors in exactly the same financial position as 8% compounded annually?AppendixLO1
Zack shopped around for a good interest rate to invest the prize amount that he received from a competition. He narrowed down his search to two banks: one was offering him 6.00% compounded semi-annually and the other 6.09% compounded annually. Which bank should he choose to save his prize money and
Which of the following interest rates would have a higher effective interest rate: 6.00 % compounded daily or 6.09% compounded monthly?AppendixLO1
Calculate the term of a GIC you bought for $10,000 at 3.25% compounded quarterly to reach a maturity value of at least $18,000.AppendixLO1
Calculate the time period for a $30,000 investment in a mutual fund to yield an interest of at least $13,600 at 6.65% compounded monthly.AppendixLO1
After ten years of semi-annual compounding, an $8000 investment in a GIC earns $3000 in interest. What are the periodic and nominal interest rates?AppendixLO1
If Jackie wants to earn interest of $5000 on her $20,000 savings in two years, at what nominal interest rate compounded daily do you suggest she invest her money?AppendixLO1
What nominal interest rate compounded monthly is earned on an investment that doubles in eight years? What nominal interest rate compounded semi-annually will result in the same benefit?AppendixLO1
What nominal interest rate compounded monthly is earned on an investment that triples in 20 years? What nominal interest rate compounded quarterly will result in the same benefit?AppendixLO1
Payments of $50,000 due in 200 days and $60,000 due in 600 days are to be replaced by payments of $75,000 today and the balance in 400 days. If money earns 8% compounded daily, calculate the value of the balance payment in 400 days.AppendixLO1
Dalia won a lottery that would pay her $5000 in a year and $10,000 in two years. If the lottery company had another option where she could receive an upfront amount now and another $7000 in one year, calculate the upfront amount that she would receive now from the second option, assuming that money
Determine the discounted value of an investment with a maturity value of $12,000, if it is discounted five years before maturity at 8% compounded quarterly. Also calculate the compound discount (amount by which the money is discounted).AppendixLO1
Calculate the amount by which money is discounted (compound discount) and the discounted value (present value) of an investment that has a maturity value of $22,450, if it is discounted two years before maturity at 4% compounded monthly.AppendixLO1
Romba, a smart money lender, offers personal loans at an interest rate of 8.16% compounded annually for the first year and 8% compounded semi-annually thereafter. How much money did she lend Heidi three years ago, if Heidi owes her $45,450 today?AppendixLO1
How much more would a loan of $11,860.50 accumulate to in two years if the interest rate charged was 4% compounded monthly instead of 4% compounded annually?AppendixLO1

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