{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T07:48:17-04:00", "answer_date": "2024-06-28 07:48:17", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4266357", "url": "\/study-help\/questions\/a-large-retailer-obtains-merchandise-under-the-credit-terms-of-4266357", "question_creation_date_js": "2024-06-28T07:48:17-04:00", "question_creation_date": "Jun 28, 2024 07:48 AM", "meta_title": "[Solved] A large retailer obtains merchandise unde | SolutionInn", "meta_description": "Answer of - A large retailer obtains merchandise under the credit terms of 1\/20, net 35, but routinely takes 55 days to pay its bi | SolutionInn", "meta_keywords": "large,retailer,obtains,merchandise,credit,terms,1\/20,net,35,routinely,55,days", "question_title_h1": "A large retailer obtains merchandise under the credit terms of 1\/20, net 35, but routinely takes 55 days to pay its bills. (Because the retailer", "question_title": "A large retailer obtains merchandise under the credit terms of 1\/20, net", "question_title_for_js_snippet": "A large retailer obtains merchandise under the credit terms of 1 20, net 35, but routinely takes 55 days to pay its bills (Because the retailer is an important customer, suppliers allow the firm to stretch its credit terms ) What is the retailer's effective cost of trade credit Assume 365 days in year for your calculations Do not round intermediate calculations Round your answer to two decimal places ", "question_description": "

A large retailer obtains merchandise under the credit terms of 1\/20, net 35, but routinely takes 55 days to pay its bills. (Because the retailer is an important customer, suppliers allow the firm to stretch its credit terms.) What is the retailer's effective cost of trade credit? Assume 365 days in year for your calculations. Do not round intermediate calculations. Round your answer to two decimal places.<\/p>", "transcribed_text": "", "related_book": { "title": "Income Tax Fundamentals 2013", "isbn": "1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516", "edition": "31st Edition", "authors": "Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1124.jpg", "uri": "\/textbooks\/income-tax-fundamentals-2013-31st-edition-9781285586618", "see_more_uri": "" }, "free_related_book": { "isbn": "146530293X", "uri": "\/textbooks\/physics-on-a-shoestring-1st-edition-978-1465302939-289970", "name": "Physics On A Shoestring", "edition": "1st Edition" }, "question_posted": "2024-06-28 07:48:17", "see_more_questions_link": "\/study-help\/questions\/business-human-resource-management-2020-May-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/dioda-gas-corporation-is-a-successful-oil-and-gas-exploration", "description": "Dioda Gas Corporation is a successful oil and gas exploration business in the south-western United States. At the beginning of 2011, the company made investments in three companies that perform...", "stars": 3 }, { "url": "\/study-help\/theory-of-probability\/a-flashlight-needs-two-batteries-to-be-operational-consider-such-1984820", "description": "A flashlight needs two batteries to be operational. Consider such a flashlight along with a set of n functional batteriesbattery 1, battery 2,..., battery n. Initially, battery 1 and 2 are installed....", "stars": 3 }, { "url": "\/1-describe-the-nature-of-cpdws-problem-2-what-metrics-would", "description": "1. Describe the nature of CPDWs problem. 2. What metrics would you recommend the CPDW use to enhance its pricing strategy? Provide a rationale for your recommendations.", "stars": 3 }, { "url": "\/study-help\/questions\/question-2-2-2-2-2-9873783", "description": "Question 2 (2 + 2 + 2 + 2 = 8 marks) You are the audit partner of the ABC audit firm, assigned to the audit of XYZ Ltd. You issued an unmodified auditor's report for the year ended 30 June 2020. In...", "stars": 3 }, { "url": "\/study-help\/questions\/x-1-given-that-gx-x-7-4465353", "description": "X -1 Given that g(x ) = X + 7 ' , find each of the following a) g(4) b) 9(1) c) g( - 7) d) g( - 19.75) e) g(x + h) empts a) Select the correct choice below and, if necessary, fill in the answer box...", "stars": 3 }, { "url": "\/study-help\/questions\/case-study-1-read-the-case-below-and-answer-the-1003004", "description": "CASE STUDY 1 Read the case below and answer the questions that follow: [10] John applied for the post of supervisor at Amazing Textiles (Pty) Ltd, a textile factory. At his final interview he made it...", "stars": 3 }, { "url": "\/study-help\/questions\/case-study-in-the-highly-competitive-world-of-music-streaming-1002451", "description": "Case study In the highly competitive world of music streaming, Pandora chose to maintain a very employee centric model of work. The organization was proud of several HR initiatives which it thought...", "stars": 3 }, { "url": "\/study-help\/questions\/an-organisation-chart-graphically-depicts-an-organisation-structure-it-shows-1003362", "description": "An organisation chart graphically depicts an organisation structure. It shows how the work of different people in the organisation coordinated and integrated ( Chandler , 1 9 8 8 ) . Construction...", "stars": 3 }, { "url": "\/study-help\/questions\/1-as-the-airbus-a380-is-widely-considered-a-technological-1002966", "description": "1. AS THE AIRBUS A-380 IS WIDELY CONSIDERED A TECHNOLOGICAL MARVEL, IT IS HARD TO COMPREHEND WHY THE OF SALES OF THIS AERONAUTICAL PRODUCT IS DECLINING. HAVING BUILT A STATE-OF-THE-ART AIRCRAFT, THEN...", "stars": 3 }, { "url": "\/study-help\/questions\/john-wozniak-works-as-a-cashier-at-a-playground-equipment-1002738", "description": "John Wozniak works as a cashier at a playground equipment retail outlet. With no supervisor approval required, John was able to process fictitious refunds for customer sales. What scheme is this?...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/tempest-enterprises-began-operations-on-january-1-20x1-with-all-4266356", "next": "\/study-help\/questions\/during-this-covid19-pandemic-era-salmahs-business-is-booming-while-4266358" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "A large retailer obtains merchandise under the credit terms of 1\/20, net", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/a-large-retailer-obtains-merchandise-under-the-credit-terms-of-4266357" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }} }