Topic: short term financingDirections: solve the following (please answer subpart 1-3) I.OBJECTIVES:1. Describe the factors in selecting sources of short-term financing3B2. Identify the sources of short-term financing; and3. Determine the costs of short-term financing based on sources.I.TOPIC: SHORT TERM FINANCINGII.Directions: Solve the following1. Princess trading ordinarily purchases raw materials amounting to Php 200,000 with the terms 2/15,net 30, Princess operates at 360 days a year.Required:1. Compute the annual nominal cost of trade credit or the cost failing to take the cash discount.2. Compute the effective annual cost or rate of the trade credit of not taking the cash discount.3. Will it be beneficial for PRINCESS TRADING to pay within 15 days from the purchase assumingbanks are charging 15 % interest on loan.

Name: Topic: short term financingDirections: solve the following (please ans
Uploaded: 2022-11-29T14:11:22.000Z
Channel: Bartleby
Description: Topic: short term financingDirections: solve the following (please answer subpart 1-3) I.OBJECTIVES:1. Describe the factors in selecting sources of short-term financing3B2. Identify the sources of short-term financing; and3. Determine the costs of sh