Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Basic Finance Expert

Question: What is the nominal and effective cost of trade credit under the credit terms of 3/10, net 30? Assume 365 days in a year for your calculations. Round your answers to two decimal places. Do not round intermediate calculations.

Nominal cost of trade credit %

Effective cost of trade credit %

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M92857559

Have any Question?


Related Questions in Basic Finance

Answer as thorough as possibledescribe in detail each of

Answer as thorough as possible. Describe in detail each of four risk factors of holding a domestic bond. Your summary should convince the reader that you fully understand each risk factor.

How can health systems developers ensure the protection of

How can Health systems developers ensure the protection of patient health information during the system development process

Corporate finance chapter 6 6 1 how to determine the future

Corporate finance chapter 6. 6. 1. How to determine the future and present value of investments with multiple cash flows? Explain theoretically

What are some of the challenges of understanding new

What are some of the challenges of understanding new targets and building a brand abroad?

Net present valuenbspriggs corp management is planning to

Net present value:  Riggs Corp. management is planning to spend $650,000 on a new marketing campaign. They believe that this action will result in additional cash flows of $325,000 over the next three years. If the disco ...

1 if you deposit 214 into an account paying 0700 annual

1. If you deposit $214 into an account paying 07.00% annual interest compounded monthly, how many years until there is $45,812 in the account? 2. What is the value today of receiving a single payment of $74,233 in 5 year ...

Tcs company has just started to deposit 225 at the end of

TCS company has just started to deposit $225 at the end of each month into its employees retirement fund (i.e., the first deposit will take place one month from now). These deposits will continue for each employee until ...

In 1980 the dow jones industrial average stood at 891 in

In 1980 the Dow Jones Industrial Average stood at 891. In the year 2017, the Dow Jones was 22,387. What was the annual return over this period?

Question - four days ago you entered into a futures

Question - Four days ago you entered into a futures contract to sell €125,000 at $1.41 per euro. The spot exchange rate when you entered the contract was $1.37. Your initial performance bond was $7,300 and your maintenan ...

When figuring the benefit-cost ratio i know that i take the

When figuring the benefit-cost ratio, I know that I take the present value of cash inflows/ present value of cash outflows. Year 0 = (46,500) cash flow Year 1 = 12,200 cash flow Year 2 = 38,400 cash flow Year 3 = 11,300 ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As