User Account

All Pages

Effective rate of interest the customer

Assignment Help Finance Basics
Reference no: EM131493557

Yesterday, Smiley Company sold $22,500 of merchandise on credit. The invoice was sent today with the terms, 3/10 net 40. This customer normally pays on the net date. What is the effective rate of interest the customer is paying by not taking the discount? Assume a 365-day year.

A. 42.31%

B. 44.86%

C. 39.27%

D. 40.54%

E. 45.38%

Reference no: EM131493557

Questions Cloud

Explore the advantages of marketing tools used in healthcare : Explore the advantages and disadvantages of marketing tools used in healthcare.What marketing tools would be most useful and effective .
What business do you want to start and why : What business do you want to start, and why? Do you notice a large range of prices that businesses are charging for the service or product?
What is the npv of switching to a credit policy : The default rate on credit customers is predicted to be 2.25 percent. The monthly required return is .75 percent.
Determine the square-law behavior : Consider a MOS transistor configured as a CS stage and operating in saturation. Determine the IP3 and P1dB if the device
Effective rate of interest the customer : What is the effective rate of interest the customer is paying by not taking the discount? Assume a 365-day year.
Describe your familys history of social mobility : Describe your family's history of social mobility through at least three generations. Predict your own social mobility and if you have children, their mobility.
Determine overall noise figure in terms of the nf of the lna : Suppose in Fig., the LNA has a voltage gain of A0 and the mixers have a high input impedance. If the I and Q outputs are simply added, determine the overall.
Evaluate the positive benefits and negative aspects : Evaluate the positive benefits and negative aspects, respectively, of HMO managed care from provider's point of view-i.e. a physician and a healthcare facility.
What is the project npv : Project L costs $65,000, its expected cash inflows are $15,000 per year for 7 years, and its WACC is 9%. What is the project's NPV?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd