Twenty-First Century Fox, Inc offers its customers payment terms of 5/15 EOM, net 65. Assuming 365...

  

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Twenty-First Century Fox, Inc offers its customers payment terms of 5/15 EOM, net 65. Assuming 365 days in a year, calculate the implicit cost of trade credit (Do not round intermediate calculations. Round final answer to two decimal places). AmerisourceBergen Corp sells machinery to a firm in Norway. The total price of machinery is 43,700 in U.S. dollars. Approximately, how much the firm in Norway will pay to AmerisourceBergen Corp in Norwegian krones if one unit of Norwegian krone is currently equal to $0.1 (expressed as $/Norwegian krone)? Twenty-First Century Fox, Inc offers its customers payment terms of 5/15 EOM, net 65. Assuming 365 days in a year, calculate the implicit cost of trade credit (Do not round intermediate calculations. Round final answer to two decimal places). AmerisourceBergen Corp sells machinery to a firm in Norway. The total price of machinery is 43,700 in U.S. dollars. Approximately, how much the firm in Norway will pay to AmerisourceBergen Corp in Norwegian krones if one unit of Norwegian krone is currently equal to $0.1 (expressed as $/Norwegian krone)?

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To calculate the implicit cost of trade credit we need to determine the cost of not taking advantage of the cash discount offered by TwentyFirst Centu... View the full answer