Author Question: If a firm extends 4/10, net 60-day terms of sale, what is the cost in terms of nominal APR? Assume a ... (Read 106 times)

jrubin

  • Hero Member
  • *****
  • Posts: 552
If a firm extends 4/10, net 60-day terms of sale, what is the cost in terms of nominal APR? Assume a
  360-day year.
 
  A) 23.99 B) 30.0 C) 29.40 D) 27.86

Question 2

Which of the following factors determines the amount that a firm would have invested in accounts
  receivable?
 
  A) the volume of sales
  B) the percentage of credit sales to total sales
  C) the terms of sale
  D) collection efforts
  E) All of the above



elyse44

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

B

Answer to Question 2

E



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

For a complete list of videos, visit our video library