+1-415-670-9189
info@expertsmind.com
Supplier offers terms-what is the discount being offered
Course:- Financial Management
Reference No.:- EM13943015




Assignment Help
Assignment Help >> Financial Management

You place an order for 2,100 units of Good X at a unit price of $58. The supplier offers terms of 1/30, net 35.

Requirement 1. How long do you have to pay before the account is overdue? (b) If you take the full period, how much should you remit?

Requirement 2: (a) What is the discount being offered? (b) How quickly must you pay to get the discount? c) If you do take the discount, how much should you remit?

Requirement 3: (a) If you don’t take the discount, how much interest are you paying implicitly? Implicit interest $ (b) How many days’ credit are you receiving?




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Financial Management) Materials
Bond J is a 3 percent coupon bond. Bond K is a 9 percent coupon bond. Both bonds have 15 years to maturity, make semi-annual payments, and have an YTM of 6 percent. If interes
Woidtke Manufacturing's stock currently sells for $32 a share. The stock just paid a dividend of $2.25 a share (i.e., D0 = $2.25), and the dividend is expected to grow forever
Strickler Technology is considering changes in its working capital policies to improve its cash flow cycle. Strickler's sales last year were $120,000 (all on credit), and it e
Mullineaux Corporation has a target capital structure of 70 percent common stock and 30 percent debt. Its cost of equity is 16 percent, and the cost of debt is 8 percent. The
It is very difficult for investors to remove their exposure to unsystematic risk. It is very easy for investors to remove their exposure to systematic risk. You are presented
All of the following are ISO commercial crime coverage exclusions except. A financial instrument that's value is based on an underlying security or commodity is called a/an?
The Robinson Corporation has $42 million of bonds outstanding that were issued at a coupon rate of 12.450 percent seven years ago. Interest rates have fallen to 11.450 percent
Calculate Mrs. Perez's total monthly payments and end-of-year loan balances for the first five years. Calculate the lender's yield, assuming Mrs. Perez repays the loan after