Logica utilises contractors to install its software to end users. To facilitate the provision of these goods,
Fantastic news! We've Found the answer you've been seeking!
Question:
Logica utilises contractors to install its software to end users. To facilitate the provision of these goods, the company provides a standard trade finance facility to these contractors.
- Explain how trade credit operates and how both Logica and the contractor would benefit from this type of facility.
- Calculate the opportunity cost of an invoice that specifies the following conditions: 1.50/7, n/30. Include the correct formula as show all workings.
Related Book For
Value at Risk The New Benchmark for Managing Financial Risk
ISBN: 978-0071464956
3rd edition
Authors: Philippe Jorion
Posted Date: