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Hi please help to answer: DAYS CREDIT RECEIVED, DAYS OF FREE TRADE CREDIT, PERIODIC COST OF TRADE CREDIT, NUMBER OF DISCOUNT PERIODS PER YEAR, APROXIMATE
Hi please help to answer: DAYS CREDIT RECEIVED, DAYS OF FREE TRADE CREDIT, PERIODIC COST OF TRADE CREDIT, NUMBER OF DISCOUNT PERIODS PER YEAR, APROXIMATE % OF COST....
In that order pleaseeeeeeee I got the answer below from one of you but is missing the rest of the asking parts please help! Thanks
PROBLEM SET 7 Chapter 15 Revenue Cycle and Current Accounts Management Assigned Problem 2 Suppose one of the suppliers to Seattle Health System offers terms of 3% ifis paid in 20 days, if not the net 60 days. a. When does the system have to pay its bills from this supplier? b. What is the approximate percentage cost of the costly trade credit offered by this supplier? (Assume 360 days per year) ANSWER Discount percent Days credit received Days of free trade credit Periodic cost of trade credit Number of discount periods per year Approximate cost
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