Question: please answer entire question with answer clearly stated b. What ate Nakmaerit net cash procotds, hdivling the cash dowet saytrent? (note: hssume a 300-day peat)

please answer entire question with answer clearly stated
 please answer entire question with answer clearly stated b. What ate
Nakmaerit net cash procotds, hdivling the cash dowet saytrent? (note: hssume a

b. What ate Nakmaerit net cash procotds, hdivling the cash dowet saytrent? (note: hssume a 300-day peat) The dvrear firuared is } (Haurd to the featest sent) Nakatomi Lexus. Nokatomi Lexus buys its cars from Lexus Motors (U.S.), and sells them to U.S. customers. One of its customers is EcoHere, a car rental firm that buys cars from Nakatomi Lexus at a wholesale price. Final payment is due to Nakatomi Lexus in five months. Ecohire has bought USDBor,000 worth of cars lrom Nakatomi, with a cash down payment of USD 145,260 and the balance due in six months without any interest charged as a sales incentive. Nakatomi Lexus will have the EcoHire recoivable accepted by Aliance Acceptance for a 2.1% fee, and then sell it at a 3.4% per annum discount to Weils Farpo Bank a. What is the annualized percentage all-in cost to Nakatomi Lexus? b. What are Nakatemi's net cash proceeds, including the cash down payment? (NOTE: Assume a 360-day year) The amount financed is $ (Round to the nearest cent)

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!