How long do you have to pay before the account is overdue

Assignment Help Finance Basics
Reference no: EM131424338

Cash Discounts You place an order for 300 units of inventory at a unit price of $135. The supplier offers terms of 2/10, net 45.

a. How long do you have to pay before the account is overdue? If you take the full period, how much should you remit?

b. What is the discount being offered? How quickly must you pay to get the discount? If you do take the discount, how much should you remit?

c. If you don't take the discount, how much interest are you paying implicitly? How many days' credit are you receiving?

Reference no: EM131424338

Questions Cloud

Discuss the similarities and differences using vocabulary : Choose one or two self-portrait artworks that are in the current exhibition in the Schelfhaudt Gallery. Discuss the similarities and differences using vocabulary we've learned this semester as well as from the textbook glossary
What is the probability that she carries a shovel : If the person uses chains, what is the probability that he carries a shovel? Write a Solution Trail for this problem.- Given that the person does not use chains, what is the probability that she carries a shovel?
Negotiated service contracts with third party payers : Analyze how physicians and hospitals have negotiated service contracts with third party payers. Discuss how fee for service versus managed care models of reimbursement have contributed risk avoidance in their contract negotiations.
Explain how the dhs has changed from its inception in 2001 : Explain how the DHS has changed from its inception in 2001 to what it has become today.Describe how the relationships between the DHS and other law enforcement and intelligence agencies have transformed over the years.Analyze the current structure ..
How long do you have to pay before the account is overdue : What is the discount being offered? How quickly must you pay to get the discount? If you do take the discount, how much should you remit?
What is probability that grouper is longer than 5 feet : Suppose the grouper is 3-5 feet long. What is the probability that it is from Monroe?- Suppose the grouper is from Sarasota. What is the probability that the grouper is longer than 5 feet?
Define what is disaster recovery plan : Define what is Disaster Recovery Plan. Discuss Why is disaster recovery plan a 'must' for all organizations?List and discuss at least 4 important plans that must be included in any organizations Disaster Recovery Plan document.
Explain the key effects of the contracts : Explain the key effects of the Contracts (Rights of Third Parties) Act, Cap. 53B of Singapore vis-à-vis the common law position relating to privity of contract
Prepare a reverse chronological resume : Prepare a Reverse Chronological Resume AND a Visual Resume using a resume template. Your resume should include contact information, education, work experience, a personal section combining awards, skills, and/or activities relevant to job experien..

Reviews

Write a Review

Finance Basics Questions & Answers

  Correct statements regarding fiduciary responsibility

Determine the correct statements regarding fiduciary responsibility.

  You are helping to design the logistics for a latest online

you are helping to design the logistics for a new online pharmacy. the company plans to deliver prescriptions directly

  What rate should the firm use to discut projects cash flow

If he firm is evaluating a new investment project that has the same risk as the firm's typical project, what rate should the firm use to discut the projects cash flow?

  Compute the expected return of akron’s equity

Compute the expected return of Akron's equity and its WACC assuming a 40 percent corporate tax rate.

  Finding best companies to invest

Explain and discuss each corporation using fundamental analysis or technical analysis and select the best one (using current information).

  He dupont system shows how operating and financial leverage

The DuPont System shows how operating and financial leverage impact the firm’s Return on Equity, ROE. Access the following link and read “ROE And ROA Give Clear Picture of Corporate Health.” Explain why ROE may give a false impression of the firm’s p..

  Delineate the value maximizing motives for mergers

Delineate the value-maximizing motives for mergers. How are these motives interrelated?- Define the three types of synergy that may result from mergers. What are the sources of these synergies?

  Compute the present value of an annuity of 861 per year for

compute the present value of an annuity of 861 per year for 24 years given a discount rate of 10 percent per annum.

  Computing present value of future cash flow

Find out the present value of following future amounts? $800 to be received 10 years from now discounted back to the present at 10 percent

  Major steps to reduce this excess capital

This can be reduced with the help of effective management and systematic design of the capital structure.What are the major steps to reduce this excess capital?

  What would your initial capital investment be

Your shoe design makes 23 pairs for every 1,000 yerds of textile. If you get an order for 500K orders of pairs, then what would your initial capital investment be?

  What is the annual payment to the dealer

The dealer offers you a second option: you pay cash, but get a $2,500 rebate. Should you go for the loan or should you pay cash? Assume that the market annual interest rate is constant at 5%.

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!

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