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