Question a retailer owes a wholesaler 500000 due in 45 days, Ask an Expert

Engineering

Question: A retailer owes a wholesaler $500,000 due in 45 days. If the payment is 15 days late, there is a 1% penalty charge. The retailer can get a 45-day certificate of deposit (CD) paying 6% or a 60-day certificate paying 7%. Is it better to take the 45-day certificate and pay on time or to take the 60-day certificate and pay late with the penalty?

View complete question

Other Engineering, Engineering

Category:- Other Engineering
Reference No.:- M92590588

Have any Question?Write your Review or question?

Related Questions in Other Engineering

Conceptual design of forced-free-mixed convection

Conceptual Design of Forced-Free-Mixed Convection Experiment This assessment is to be completed individually. 1. Learning Outcomes: - Develop a basic ability to conceptually design an experimental apparatus - Use theory ...

Engineering materials term paper assignment -conduct a

ENGINEERING MATERIALS TERM PAPER ASSIGNMENT - Conduct a thorough literature search and write a 15-20 page technical review paper on the evolution of the engineering materials used in the manufacturing of any one of the f ...

Homework - risk and decision management1 you are working

Homework - Risk and Decision Management 1) You are working program X. The total budget allocated to the program is $100 M and it is to be completed in 24 mo. range (R) and passenger capacity (C) are two key performance p ...

Mine safety amp environmental engineeringpart 1 questions1

Mine Safety & Environmental Engineering Part 1. Questions 1. Occupational health and safety is the primary factor that needs to be considered in the mining industry. Discuss this statement. 2. Define the following terms ...

Mine safety amp environmental engineering assignment -part

Mine Safety & Environmental Engineering Assignment - Part 1 - Questions 1. Occupational health and safety is the primary factor that needs to be considered in the mining industry. Discuss this statement. 2. Define the fo ...

Operations engineering assignment -please select only one

Operations Engineering Assignment - Please select only one of the following case studies for your assignment: CASE A. Tesla Motors Tesla is an innovative manufacturer that designs, assemble and sells fully electric vehic ...

This is your second design assignment this assignment

This is your second design assignment. This assignment requires you to design a complex state machine. You are designing a digital alarm clock. There are various designs you can attempt. More complex designs are worth mo ...

Assignment 11 what is the purpose of ore reserve and

ASSIGNMENT 1 1. What is the purpose of ore reserve and resource estimation? Why are resource and reserve estimates important to the mining industry? 2. What is meant by ore? What is meant by the term waste? How is the di ...

1 online discussion forum - post your proposed topic and

1. Online Discussion forum - Post your proposed topic and chosen data set as well as a short plan for the project. This is required for approval of the topic. As discussed, students must select unique topics, therefore i ...

Learning outcomes evaluate multiuser communication and

Learning Outcomes Evaluate multiuser communication and resource sharing techniques; Apply the techniques of, and report on, digital communication applications using Matlab and hardware devices. Assignment Description The ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Other Engineering Expert