Question 17 Consider the following Supplier's credit terms: 2/10. n/45 3/10, n/60 1/15, n/30 Which the above has the highest opportunity cost of foregone discount ? O 1/15, n/30 3/10, n/60 O 2/10, n/45
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- Calculate the nominal annual cost of nonfree trade credit under each of the following terms. Assume that payment is made either on the discount date or on the due date. a. 1/15, net 20 b. 2/10, net 60 c. 3/10, net 45 d. 2/10, net 45 e. 2/15, net 406. Calculate the EIR, if the trade credit under each of the following: a) 2/10,n/60 b) 2/10, 1/60 show formula and solutionsWhich of the following numbers represents the discount percentage applied if a customer pays within a discount window and credit terms are 3/15, n/60? A. 3 B. 15 C. 60 D. 3 and 15
- 33 .The portion of the selling price paid by the customer at the time of purchase is called ________. a. Mortgage b. Amortization c. Down payment d. Installment loanQuestion 9: Currently the employer's Social Security tax: Answer: А. O is greater than the employee's Social Security tax В. is the same as the employee's Social Security tax С. is less than the employee's Social Security tax D. can be any of the above7/20 33 min 46 secs Multiplication of Future value with in order to get the present value equivalent. Discount rate Discounted value Discount factor No. of periods Next by ProProfs Create a Quiz
- Q. 6. Compute the complement rate and the net price using the complement method. List Complement Trade Discount Rate Price $4,250 35% Net PriceQuestion 23 Credit-rating agency ratings are associated with which of the following investor risks? interest rate risk default risk O purchasing power risk reinvestment risk DELLIf your supplier offers 3/5 net 28, what is the implied interestrate if you choose to forgo the discount and pay on day 28?
- Differentiate between free and costly trade credit.What is the formula for determining the nominalannual interest rate associated with a credit policy?What is the formula for the effective annual interestrate? How would these cost rates be affected if afirm buying on credit could “stretch” either the discount days or the net payment days—that is, takediscounts on payments made after the discountperiod or else pay later than the stated paymentdate?which one is correct please suggest? QUESTION 34 The effective rate of interest will always be ____ the nominal rate. a. greater than b. less than c. equal to d. equal to or greater than9.- When you decide to reject the discount and pay on the last day of the credit term, there is a cost associated with forgoing the discount. TRUE OR FALSE?