Question: for the effective trade i keep getting 0 What are the nominal and effective costs of trade credit under the credit terms of 3/15, net

for the effective trade i keep getting 0

What are the nominal and effective costs of trade credit under the credit terms of 3/15, net 30? Assume a 365 . day year. Do not round intermediate calizulations. Round yor answers to two decimal places, Nominal cost of trade credit: Effective cost of trade credit

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

how do i do a cash flow and a vertical and horizontal analysis? adjusted trail balance adjusting entries Multi step income statement credit credit $ 574,750 Debit $ 218,996 $ 38,100 $ 1,143 sales 8...

how do i set up a cash flow and a vertical analysis income statement? my sheets and info below Northern bank - 120,000, 6% interest rate, Interest is paid on June 30th of each year, principal to be...

im needing some help with setting up journal entries for the info below ACCT 2690 - Accounting Theory Project BSG, Inc. started business on January 1, 2022. The following is a list of information...

how to do pctb and vertical or horizontal analysis and closing enties and ratios? double check work? 3:18 1 Instructions This assignment will be submitted in 4 parts. Please be sure to start on the...

how do i make a multi-Step Income Statement, Statement of Retained Earnings, classified Balance Sheet, statement of Cash Flows using Indirect Method? Northern bank - 120,000, 6% interest rate,...

b) Explain possible actions that might be taken to reduce the length of that cycle, and the possible disadvantages of each. [5 Marks] c) Assume that the company is negotiating to do business with a...

QUESTION 2 (25 MARKS) The table below gives information extracted from the annual accounts of Make-it (Pty) Ltd for the past two years. Make-it (Pty) Ltd : Extracts from year-end accounts: Year 1...

QUESTION 2 (25 MARKS) The table below gives information extracted from the annual accounts of Make-it (Pty) Ltd for the past two years. Make-it (Pty) Ltd : Extracts from year-end accounts: Stocks:...

(Effective annual ruto) Compute the cost of the following trade credit torms using the compounding formula, or effective annual rate. Note: Assume a 30-day month and 360-day year. a. 3/15, net 30 b....

The instructions are found in the first photo. These are the journal entries. Adjusting journal entries. Here are the accounts used. The next two photos help with the depreciation for the adjusting...

Bring the Madoff story up to date with events that occurred after the case book went to print. Discuss your thoughts on Madoffs auditor and the lack of awareness any regulators had that such a large...

Question 1. Explain what is wrong with the following proofs: . (4 points) Theorem: Every even integer greater than two is the sum of two primes. Proof. Let's call the integer in question n. We prove...

e equation for the capital market line is: E ( Rz ) = Rfree + Z M ( RM Rfree ) E ( Rz ) = Rfree + Z M RM Rfree Which part of the CML equation represents the market risk premium? ( RM Rfree ) RM Rfree...

The first scenario will be a Verbal Judo scenario in which your scenario follows the standard Verbal Judo interaction: You need to ask somebody to modify their behavior either to do something or to...

3. Analyzing a Film. View a feature film or a video (e.g., Chir-raq or Brooklyn) and assume the position of a researcher. Analyze the cultural meanings in the film from each of the three...

1. Becoming Culturally Conscious. One way to understand your cultural position within the United States and your own cultural values, norms, and beliefs is to examine your upbringing. Answer the...

b. Why were these values considered important?