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Subject: General Finance
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you pay?
a) $75 b) $80 c) $85 d) $90"
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- Which one of the following statements is correct if you purchase an item with credit terms of 3/15, net 45? Multiple Choice One-third of your purchase is due in 15 days and the rest is due in 45 days. If you pay within 15 days, you will receive a discount of 3 percent. If you pay within 3 days, you will receive a discount of 15 percent. If you do not pay within 15 days, you will be charged Interest at a rate of 3 percent per month. If you pay 3 percent of your purchases within 15 days, you will have 45 days to pay for the remainder.Find the trade discount on a computer that lists for $600 if a discount rate of 5% is offered. The trade discount is $31.58An item is purchased for $2500 with a down payment of $500. There is a finance charge of $ 150 Find the monthly payment if 20 payments are made. Round the answer to the nearest cent.
- If you owe $5,000 on a credit card that charges 18.99% apr and you decide to put no more charges on the account until it is paid off, how much money will you save if you make $200 payments vs $150 payments?mountain bike can be purchased for $1000 cash. It may also be purchased for 12 monthly payments of $100.00. a. calculate the dollar cost of credit b. use the formula I= 2yc/p(n+1) x 100% to calculate the annual percentage of interestA customer pays on credit for $1,250 worth of merchandise, terms 4/15, n/30. If the customer pays within the discount window, how much will they remit in cash to the retailer? A. $1,250 B. $1,200 C. $50 D. $500
- Subject: accountingMy tuition is $5,050.00 i want to pay $3,400.00 what is the % discount that i am asking for?2a. You decide to purchase a new touchscreen Chromebook. The price is listed at $499.99 but the salesperson tells you that everything in the store is 25% off today. What is the total price that you pay for the Chromebook (including 8% Tax)? 2b. You decide to take advantage of the store's payment plan. The payment plan's terms are as follows: 18 equal monthly payments, 6% interest, compounded monthly. a) What is the total cost that you will end up paying for
- Need helpPlease given correct answer general AccountingWhen goods are sold to a customer with credit terms of 2/15, n/30, customers will receive a 2% discount if they pay within 15 days. O receive a 2% discount if they pay 15% of the amount due within 30 days. O receive a 15% discount if they pay within 2 days. O receive a 15% discount if they pay within 30 days.
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