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
-
The product mix problem is one of the most common LP applications. In what does it consist?
-
What is meant by a Taylor rule? In what way is it a better rule for central banks to follow than one of adhering to a simple inflation target?
-
Peter is a professor of mathematics at State University. His lifetime avocation has been sailing, and he owns an oceangoing sailing vessel. He plans to retire in five years and spend the remainder of...
-
Can you think examples of different sports and how they are trying to enhance their basic product? For example, think of the Super Bowl and their popular half time show. This has nothing to do with...
-
One of the biggest purchases we make in our lifetimes is for a home. Questions that we all ask are these: How much should I spend for a particular home? How many bathrooms are there? How long...
-
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...
-
An article in American Demographics claims that more than twice as many shoppers are out shopping on the weekends than during the week. Not only that, such shoppers also spend more money on their...
-
Estimated direct labor hours Allocated manufacturing overhead Estimated manufacturing overhead costs Actual manufacturing overhead costs By how much is manufacturing overhead over or underallocated?...
-
A square coil of wire containing a single turn is placed in a uniform 0.25 T magnetic field, as the drawing shows. Each side has a length of 0.32 m, and the current in the coil is 12 A. The direction...
-
A student is measuring the wavelength of a narrow, monochromatic light source. The double slit has a separation of 0.15 mm. A second student places markers on a screen 2.0 m in front of the slits at...
-
While you are running down the street you give off 4.7x10 4 joules of heat and you do 6.8x10 4 J of work. What is your change in internal energy?
-
A car is travelling with a velocity of 17 m/s on a straight horizontal highway. The wheels of the car has a radius of 48.0 cm. If the car then speeds up with an acceleration of 2 m/s for 5 s,...
-
Trusts and estates are separate tax and legal entities in which specialized management is provided for the financial and other affairs of one or more individuals. List the parties who must be...
-
What are some of the various ways to implement an awareness program?
-
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...
-
NoSQL databases can store relationship datathey just store it differently than relational databases do. How would you describe the differences between a relational database and a NoSQL database? What...
-
My Sac State | Sacramento State X Topic: W8 Reading Homework 7 (Section 4.1) Homework 7 (Section 4.1) - Ma x webassign.net/web/Student/Assignment-Responses/submit?dep=33983821&tags=autosave#Q5 5....
-
Big Data brought its own challenges to the field of databases. What are these challenges, and how does the emergingNoSQLmodel address these challenges? The different NoSQL technologies were created...
Study smarter with the SolutionInn App