« previous next »

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 101 times)

jrubin

  • Hero Member
  • *****
  • Posts: 552
on: Jul 10, 2018
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
Reply #1 on: Jul 10, 2018
Answer to Question 1

B

Answer to Question 2

E


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Brumbies awaiting their sale and new homes. Brumbies awaiting their sale and new homes.
Inflated Phrases Compared with Concise Terms Cont Inflated Phrases Compared with Concise Terms Cont
Commonly Misspelled Medical Terms Commonly Misspelled Medical Terms
Frequently Used Computer Terms Frequently Used Computer Terms
How to evaluate algebraic expressions with given terms How to evaluate algebraic expressions with given terms
How to combine like-terms in expressions containing multi-brackets How to combine like-terms in expressions containing multi-brackets
Video: Cleavage and Implantation Animation

For a complete list of videos, visit our video library