Calculate the cost to Energy of not accepting the discount

Cash Crunched Company (CCC) purchases computer parts from its suppliers 2/5, net 60.  However, CCC routinely stretches accounts payable 10 days beyond the due date.  How much does the account stretching reduce the cost of not taking the trade discount? Select one: a. 2.04% b. 2.34% c. 12.01% d. 14.35% e. None of the above.

A credit term of 3/10 net 60 means Discount of 0.3% if paid immediately else payment is effected after 60 days Discount of 10% if paid within 3 days else payment is effected after 60 days Discount of 3% if paid within 10 days else payment is effected after 60 days 10% of the dues paid within 3 days and balance in 60 days

3. If you charge $1075 on your credit card and the minimum payment is $96. You only make the minimum payment. a. Does the minimum payment fit in your budget. b. If the APR on the credit card is 18% and there is 31 days in the billing period, how much interest will you owe on the purchase?

Chapter 13, Question 7. Attached is a similar question with answers. Please answer the same two parts for the new question

A store will give you a 2.25% discount on the cost of your purchase if you pay cash today. Otherwise, you will be billed the full price with payment due in 1 month. What is the implicit borrowing rate being paid by customers who choose to defer payment for the month?

A loan has quarterly payments. The APR is 16%, and interest is compounded 12 time(s) per year. The effective interest rate that would be needed to find the payment amount for the loan is _%. Margin of error for correct responses: +/-.02 (%) Rounding and Formatting instructions: Do not enter dollar signs, percent signs, commas, X, or any words in your response. Do not round any intermediate work, but round your *final* response to 2 decimal places (example: if your answer is 12.3456, 12.3456%, or $12.3456, you should enter 12.35).

A store will give you a 5.00% discount on the cost of your purchase if you pay cash today. Otherwise, you will be billed the full price with payment due in 1 month. What is the implicit borrowing rate being paid by customers who choose to defer payment for the month?

When customers purchase goods on account, Spitz Manufacturing offers them a 2% reduction in the amount owed if they pay within 10 days. This is an example of a:   Multiple Choice   Sales return.   Sales discount.   Sales allowance.   Bad debt.

The Second National Bank of Fullerton advertises an APR of 15%, but it indicates in the “small print” that compounding occurs on a monthly basis for personal loans with no collateral required. This is a multi-part question. Once an answer is submitted, you will be unable to return to this part. Determine the APY you would pay using an equation.  The APY paid would be   % per year.