The dj masson corporation needs to raise 500000 for 1 year, Ask an Expert

Management Studies

The D.J. Masson Corporation needs to raise $500,000 for 1 year to supply working capital to a new store.

Masson buys from its suppliers on terms of 3/10, net 90, and it currently pays on the 10th day and takes discounts, but it could forgo discounts, pay on the 90th day, and get the needed $500,000 in the form of costly trade credit. What is the effective annual interest rate of the costly trade credit?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92177915

Have any Question?Write your Review or question?

Related Questions in Business Management

Discuss how does the free market economies stimulate

Discuss how does the free market economies stimulate greater economic growth, whereas state-directed economies stifle growth. Please mention references.

Students experienced the boss effect either as the superior

Students experienced the "boss effect" either as the superior in the relationship or as the subordinate Try to remember how they felt about the other person in this situation. Do you think their expression or that of the ...

What are the benefits for organizations considering

What are the benefits for organizations considering integrating positive social change into their business strategy? What are the potential risks for organizations considering integrating business strategies with an emph ...

Show how an 8x1 multiplexer can be constructed from 4x1

Show how an 8x1 multiplexer can be constructed from 4x1 multiplexers and 2x1 multiplexers and no logic gates.

Assignment detailsa representational work printed on card

Assignment Details: A representational work printed on card, canvas or similar medium for designed public display containing text and graphic elements. Poster content Introduction & background with pertinent literature r ...

When it comes to business strategy we often use an acronym

When it comes to Business strategy we often use an acronym SCA as an end state to our strategy. What does SCA stand for and how do we establish it?

What happens if wages and prices adjust very slowly in

What happens if wages and prices adjust very slowly in response to various shocks to the economy? Does this make business cycle, i.e. expansions and contractions in the economy, shorter or longer?

Discuss the different characteristics of a group goal

Discuss the different characteristics of a group (goal orientation, interdependent, interpersonal interaction, perception of membership, structured relations, mutual influence, and individual motivation) and give example ...

Do you all see leadership roles as being more challenging

Do you all see leadership roles as being more challenging in light of global health care growth? Do you see more networking being sought to bridge these isolated organizational issues?

Describe the definition of ransomware and what is wannacry

Describe the definition of ransomware. And what is wannacry threat?

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 Business Management Expert