Question

23.In trade credit, dating terms: are used for seasonal products. always have a discount included. are...

23.In trade credit, dating terms:

are used for seasonal products.

always have a discount included.

are cash on delivery

all of the above
Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1


0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Firms usually offer their customers some form of trade credit. This allowance comes with certain terms...
Firms usually offer their customers some form of trade credit. This allowance comes with certain terms of credit. These terms will affect the cost of the asset for both the buyer and the seller. Consider the following case: Blue Elk Manufacturing buys most of its raw materials from a single supplier. This supplier sells to Blue Elk on terms of 2/15, net 45. The cost per period of the trade credit extended to Blue Elk, rounded to two decimal places,...
Firms usually offer their customers some form of trade credit. This allowance comes with certain terms...
Firms usually offer their customers some form of trade credit. This allowance comes with certain terms of credit. These terms will affect the cost of the asset for both the buyer and the seller. Consider the following case: Blue Elk Manufacturing buys most of its raw materials from a single supplier. This supplier sells to Blue Elk on terms of 2/15, net 45. The cost per period of the trade credit extended to Blue Elk, rounded to two decimal places,...
A manufacturer of women’s blouses quoted terms of 3/10, n/30, EOM and grants trade discounts to...
A manufacturer of women’s blouses quoted terms of 3/10, n/30, EOM and grants trade discounts to in the amounts of 15 percent, 10 percent, and 4 percent. The list price of the blouses is $400 per dozen. A retailer receives an invoice dated October 29 for nine dozens of these blouses. The invoice is paid December 2. What is the net cost to the retailer per blouse? Invoice amount = $400/doz x 9 = $3,600 Dated: October 28th Arrives: November...
Mr. Hugh Warner is a very cautious businessman. His supplier offer trade credit terms of 3/17,...
Mr. Hugh Warner is a very cautious businessman. His supplier offer trade credit terms of 3/17, net 65. Mr. Warner never takes the discount offered, but he pays his supplier in 55 days rather than the 65 days allowed so he is sure the payment are never late. what is Mr. Warner's cost of not taking the cash discount?
Mr. Hugh Warner is a very cautious businessman. His supplier offers trade credit terms of 3/18,...
Mr. Hugh Warner is a very cautious businessman. His supplier offers trade credit terms of 3/18, net 70. Mr. Warner never takes the discount offered, but he pays his suppliers in 60 days rather than the 70 days allowed so he is sure the payments are never late. What is Mr. Warner's cost of not taking the cash discount? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)
Consider trade credit as an unsecured source of financing. Recall we talked about it during our...
Consider trade credit as an unsecured source of financing. Recall we talked about it during our very first webinar. In summary, trade credit arises spontaneously when the firm purchases some merchandise from a supplier and then receives an invoice with a cash discount for early payment. In this exercise all I want from you is to create a financial model using excel studying various aspects of trade credit as a flexible source of short-term financing available to the firm. In...
Consider trade credit as an unsecured source of financing. Recall we talked about it during our...
Consider trade credit as an unsecured source of financing. Recall we talked about it during our very first webinar. In summary, trade credit arises spontaneously when the firm purchases some merchandise from a supplier and then receives an invoice with a cash discount for early payment. In this exercise all I want from you is to create a financial model using excel studying various aspects of trade credit as a flexible source of short-term financing available to the firm. In...
Firms usually offer their customers some form of trade credit. This allowance comes with certain terms...
Firms usually offer their customers some form of trade credit. This allowance comes with certain terms of credit, which affect the cost of asset of sale for the buyer as well as the seller. Consider this case: Purple Turtle Group buys on terms of 2.5/10, net 60 from its chief supplier. If Purple Turtle receives an invoice for $1545.78, what would be the true price of this invoice? (Note: Round all intermediate calculations to four decimal places, and your final...
Early Payment discount decisions   Prairie Manufacturing has four possible​ suppliers, all of which offer different credit...
Early Payment discount decisions   Prairie Manufacturing has four possible​ suppliers, all of which offer different credit terms. Except for the differences in credit​ terms, their products and services are virtually identical. The credit terms offered by these suppliers are shown in the following​ table: (Note​: Assume a​ 365-day year.) Supplier Credit Terms J 2/10 net 50 EOM K 2/20 net 100 EOM L 3/15 net 60 EOM M 3/20 net 90 EOM a. Calculate the approximate cost of giving up...
Pronghorn Industries purchased $11,700 of merchandise on February 1, 2017, subject to a trade discount of...
Pronghorn Industries purchased $11,700 of merchandise on February 1, 2017, subject to a trade discount of 10% and with credit terms of 3/15, n/60. It returned $3,000 (gross price before trade or cash discount) on February 4. The invoice was paid on February 13. Assuming that Pronghorn uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment using the gross method. (If no entry is required, select "No entry" for the account titles and enter 0...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT