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Cost of Trade Credit Calculate the nominal annual cost of nonfree trade credit under each of the following terms. Assume payment is made either on the due date or on the discount date. Assume 365 days in year for your calculations. Do not round intermediate calculations. 1/15, net 20. Round your answer to two decimal places. % 2/10, net 60. Round your answer to two decimal places. % 3/10, net 50. Round your answer to two decimal places. % 2/10, net 55. Round your answer to two decimal places. % 2/15, net 40. Round your answer to two decimal places. %
Billy’s Exterminators, Inc., has sales of $740,000, costs of $288,000, depreciation expense of $40,000, interest expense of $30,000, a tax rate of 35 percent and paid out $50,600 in cash dividends. The common stock outstanding is 92,000 shares. What ..
Assume that interest rate on one-year bond is 2%. You can observe that the interest rate on 2-year bond is 2.6%. Assume there is no liquidity premium and the interest rates are determined according to expectation hypothesis of the yield curve.
Your client decides to invest $1.4 million in Blandy stock and $0.6 million in Gourmange stock. What are the weights for this portfolio? What is the portfolio's beta? What is the required return for this portfolio?
Able, Baker, and Charlie are the only three stocks in an index. The stocks sell for $49, $200, and $112, respectively. If Baker undergoes a 3-for-2 stock split, what is the new divisor for the price-weighted index? (Do not round intermediate calculat..
Davison Toaster Corp. sells its products for $100 per unit. It has the following costs: not enough information has been provided to determine the break-even point.
Sadik Industries must install $300 of new machinery in its Texas plant. It can either lease the equipment or obtain a bank loan for 100% of the required amount and buy the equipment. What would be the company's debt ratio, in percentages, if it purch..
When is a cash flow budget a useful alternative to a comprehensive budget? How can you determine if a lump-sum payment or an annuity will have greater value for you?
If a change in market conditions causes a currency to become overvalued, how would it adjust to equilibrium in a flexible exchange rate system? Why do some private market participants prefer a fixed exchange rate system over a flexible exchange rate ..
Locker Company has a debt-equity ratio of .65. Return on assets is 9.8 percent, and total equity is $850,000. What is the equity multiplier? Return on equity? Net income?
To expand its operation, Amarillo Industries has applied to the Local Bank for a 3-year, $3,500,000 loan. Prepare a loan amortization table assuming 10 percent rate of interest. Be sure to show “payment”; “principal” and “interest” for each year.
In the economic environment of 2010-2014, the U.S. experienced a slow-growing economy with record low interest rates. In what ways does this type of economic environment diminish the importance of working capital management to the firm? In what ways ..
Which of the following least reflects the purpose of a business rule in the purchase process? A. Require segregation of order, receiving, and payment duties B. Ensure suppliers are paid on time C. Ensure suppliers are satisfied D. Ensure an audit tra..
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