You place an order for 750 units of Good X at a unit price of $51. The
Question:
You place an order for 750 units of Good X at a unit price of $51. The supplier offers terms of 1/15, net 35.
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?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Input Area Units 750 Unit price 51 Terms 1 ...View the full answer
Answered By
Hemstone Ouma
"Hi there! My name is Hemstone Ouma and I am a computer scientist with a strong background in hands-on experience skills such as programming, sofware development and testing to name just a few. I have a degree in computer science from Dedan Kimathi University of Technology and a Masters degree from the University of Nairobi in Business Education. I have spent the past 6 years working in the field, gaining a wide range of skills and knowledge. In my current role as a programmer, I have had the opportunity to work on a variety of projects and have developed a strong understanding of several programming languages such as python, java, C++, C# and Javascript.
In addition to my professional experience, I also have a passion for teaching and helping others to learn. I have experience as a tutor, both in a formal setting and on a one-on-one basis, and have a proven track record of helping students to succeed. I believe that with the right guidance and support, anyone can learn and excel in computer science.
I am excited to bring my skills and experience to a new opportunity and am always looking for ways to make an impact and grow as a professional. I am confident that my hands-on experience as a computer scientist and tutor make me a strong candidate for any role and I am excited to see where my career will take me next.
5.00+
8+ Reviews
22+ Question Solved
Related Book For
Essentials of Corporate Finance
ISBN: 978-0078034756
8th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Question Posted:
Students also viewed these Corporate Finance questions
-
You place an order for 900 units of Good X at a unit price of $58. The supplier offers terms of 1/25, net 40. a. How long do you have to pay before the account is overdue? If you take the full...
-
You place an order for 540 units of Good X at a unit price of $62. The supplier offers terms of 1/10, net 30. a. How long do you have to pay before the account is overdue? If you take the full...
-
You place an order for 900 units of Good X at a unit price of $46. The supplier offers terms of 1/20, net 35. a. How long do you have to pay before the account is overdue? If you take the full...
-
Match the phrase that follows with the term (a-e) it describes. estimates the number of units to be manufactured to meet sales and inventory levels integrated set of operating and financing budgets...
-
Which do you prefer: a bank account that pays 5% per year (EAR) for three years or a. an account that pays 2.5% every six months for three years? b. an account that pays 7.5% every 18 months for...
-
Department A of Racine Company has a gross profit of \($140,000,\) representing 35% of net departmental sales. Management believes that an increase of \($36,000\) in advertising will increase volume...
-
Write the central finite difference formulas of the second order for \(\partial u / \partial x\) and \(\partial^{2} u / \partial x^{2}\) of function \(u(x, y, t)\) at the grid point \(\left(x_{i+1},...
-
Gormley Precision Tools makes cutting tools for metalworking operations. It makes two types of tools: A6, a regular cutting tool, and EX4, a high-precision cutting tool. A6 is manufactured on a...
-
1. what sort of techniques might a company use to prevent its takeover by another company? 2. What do we mean by additional paid-in capital ? What exactly are these " excess " accounts? What's thei...
-
One of the solutions of equation z 21 = -5/3 + 5i. What is one of other two solutions if w is a complex number? = w is A -5/3 5i 5/3 5i -10i D 10i B
-
You have $27,900 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $4,300 and then deposit a check for $5,400. What are your disbursement, collection, and net...
-
In a typical month, the Webber Corporation receives 100 checks totaling $67,000. These are delayed three days on average. What is the average daily float? Assume 30 days in a month.
-
Manulife Financial is a large Canadian-based insurance and financial services company, with operations in Canada, United States, and Asia. The company reports on the basis of IASB standards. However,...
-
How have information systems changed the way businesses operate and their products and services? labor efficiency is considered a major component of the learning curve concept.Furthermore labor...
-
Salaries represent the costs of employing two new machine operators at a salary of $40,000 per annum each. For the HCC machine, the company will only need to employ a new machine operator and the...
-
Compare and contrast the use of job evaluation methodologies and market pricing to determine salary levels. What are the advantages and disadvantages of each, and when would each be appropriate?...
-
Grant & Krewstown Inc. also records $420,000 in Net Income and pays dividends of $14,000. Assuming this is the company's first year of operations, what is Total Stockholders' Equity? 1000
-
Year 0 1 2 3 4 5 6 Cash Flow -$9,000 $2,000 $3,600 $2,700 $2,100 $2,100 $1,600 A. Payback. The company requires all projects to payback within 3 years. Calculate the payback period. Should it be...
-
What would be a reason a company would want to overstate income? A. To help nudge its stock price higher B. To lower its tax bill C. To show a decrease in overall profits D. None of the above
-
You are standing on the top of a building and throw a ball vertically upward. After 2 seconds, the ball passes you on the way down, and 2 seconds after that, it hits the ground below. a. What is the...
-
We are evaluating a project that costs $1,720,000, has a six-year life, and has no salvage value . Assume that depreciation is straight-line to zero over the life of the project. Sales are projected...
-
McGilla Golf has decided to sell a new line of golf clubs. The clubs will sell for $825 per set and have a variable cost of $370 per set. The company has spent $150,000 for a marketing study that...
-
Aria Acoustics, Inc. (AAI), projects unit sales for a new seven-octave voice emulation implant as follows: Year Unit Sales 1 87,500 2 105,00 3 119,000 4 108,000 5 92,000 Production of the implants...
-
QUESTION 17 Select the phrase that correctly completes the following statement. "A decrease in the number of manufacturers caused a decrease in the supply of sailboats. As a result, O the price of...
-
52.0 68.0 52.0 68.0 (a) How many of the 75% confidence intervals constructed from the 20 samples contain the population mean, =60? (b) How many of the 95% confidence intervals constructed from the 20...
-
Question 6 Describe the sequence of transformations that are required to graph g(x) = 3x+9-15 based on f(x)=x. The graph of f(x)=x is: Shifted right 15 units Stretched vertically by a factor of 3...
Study smarter with the SolutionInn App