(Trade credit discounts) Determine the effective annualized cost of forgoing the trade credit discount on the following terms: a. 2/6, net 30 b. 2/7, net 45 c. 1/8, net 25 d. 5/9, net 80 e. 5/7, net 70 f. 3/7, net 60

Q: If a company purchases merchandise on terms of 1.1/20, n/30, the cash discount available (assuming a…

A: Calculating Cost of credit Days when payment is normally due - Days to avail credit = 30-20=10 360…

Q: Which of the following compounding rates is equivalent to an effective interest rate of 2.75% p.a.…

A: The effective interest rate also referred to as the annual equivalent rate or the effective rate is…

Q: Complete the following table by finding the net price factor, single equivalent discount, trade…

A: Given that list price is = $7800 The trade discount  rate is  = 15/4/4 Net price factor =     0.85 ×…

Q: Calculate the net price factor and net price (in dollars). For convenience, round the net price…

A: The question is based on the concept of Financial Management. Sometimes traders provide a series of…

Q: Q7. A series discount of 15 % followed by 12% is offered to wholesalers while a series discount of…

A: Single equivalent discount for successive discounts of 15% and 12%. = 27-1.8 = 25.2%

Q: Complete the following table by finding the net price factor, single equivalent discount, trade…

A: (i) Net price factor = (1-discount 1)*(1-discount 2)*(1-discount 3)…

Q: (a) The size of the periodic payment is s. (Round the final answer to the nearest cent as needed.…

A: Amortized loan payment is a kind of loan taken by borrower in which the payment for loan repayment…

Q: If a firm is given a trade credit terms of 2/15, net 30,  then the cost to the firm failing to take…

A: Trade credit terms of 2/15, net 30 means the firm gets a 2% discount if it pays within 15 days.…

Q: Given credit terms of 3/10, n/30 on a sale of $2,000, calculate the sales discount, assuming payment…

A: credit terms: 3/10 - means 3% discount given if payment is made within 10 days

Q: Complete the following table by finding the net price factor, single equivalent discount, trade…

A: Trade discount is the amount which is levied on the price of the product when it is sold to the…

Q: If a trade payable has a credit term of 2/10, what day is the best day to settle it?

A: Generally businesses offer discount for its creditors  to encourage early payments. Credit term of…

Q: Sales Cost of goods sold Accounts receivable 2021 $ 704,952 369,175 34,331 Numerator: 2020 $ 463,784…

A: Introduction:-Trend analysis is an accounting technique.Which is used for making future predictions…

Q: On a 365-day basis, using a trade credit terms of 2/10, net 30, and payment is made on the twentieth…

A: In case of trade credit, 2% discount is being given if payment is made till 10th day.

Q: Sales Cost of goods sold Accounts receivable 2021 2020 $612,715 $403,102 315,035 29,717 207,232…

A: Trend Analysis -Trend Analysis is a technique of comparing multiple years. In this technique, 1st…

Q: The net price of an item after trade discounts of 34.00%, 11.50%, and 5.50% is $1,700.00. a.…

A: Net price after discount = $1700Trade discount = 34%, 11.50%, 5.50%

Q: Calculate the trade discount (in $). Round your answer to the nearest cent.

A: Information Provided: List price = $365 Trade discount rate = 7%

Q: Discuss what factors may cause a debenture is issued at discount, premium and par value. (550 words

A: Debenture are the fixed income securities issued by a company to raise capital without further…

Q: On January 1, Boston Company completed the following transactions (use a 7% annual interest rate for…

A: Transaction Date  01-01-2022 Interest Rate 7%

Q: Calculate the net price factor and net price (in dollars). For convenience, round the net price…

A: List price is the selling price recommended by the manufacturer to the retailer.

Q: Calculate the net price factor and single equivalent discount. For convenience, round your answers…

A: The question is based on the concept of Financial Management. Usually, the traders provide a series…

Q: Calculate the trade discount and net price (in $) to the nearest cent. List Price Trade Discount…

A:

Q: Complete the following table by finding the net price factor, single equivalent discount, trade…

A: The net price is the price that has to be paid or received and that compute after subtracting the…

Q: The net price of an item after trade discounts of 34.00%, 13.00%, and 3.50% is $3,520.00. a.…

A: The objective of the question is to find the regular selling price of the goods and the equivalent…

Q: A company has offered you credit terms of 3/20 net 60. The annual percentage cost to you of…

A: Given: Discount % =3Credit period =60Discount period =20

Q: Which of the following compounding rates is equivalent to an effective interest rate of 2.75% p.a.?

A: When the compounding frequency per year is not 1 then in that case the stated interest rate will not…

Q: a company purchases merchandise on termsS of 1.4/20, n/30, the cash discount available (assuming a…

A: Every Company purchases & sell goods on credit. To increase the inventory for sale the Company…

Q: elect the correct answer and explain What is the discount to a promissory note with a face value of…

A: In this we have calculate the discount on note using simple interest rate given.

Q: III. Find the Net Price rate (or complement of discounts), Net Price, and Total discount. Round to…

A:

Q: II. Find the trade discount and trade discount rate. Round to the nearest hundredth percent. Trade…

A: Solution: Trade discount is the discount given on listed price in the normal course of business. The…

Q: An invoice shows a net price of $176.72 after trade discounts of 30%, 10%, and 2% have been…

A: STEP1 The rate of return used to reduce future cash flows to their present value is known as a…

Q: What is the equivalent rate of the following series of discount 19.5/7.5/6.07 O a. 28.2663% O b.…

A: Data given: Series of discount 19.5/7.5/6.07   Discount rate 1 =d1=19.5% Discount rate 2 =d2=7.5%…

Q: Complete the following table by finding the net price factor, single equivalent discount, trade…

A: It is often seen that companies and traders offer discounts on the products being sold by them. In…

Q: Complete the following table by finding the net price factor, single equivalent discount, trade…

A: Net Price Factor (NPF): NPF = 1 - (Trade Discount Rate/100)Single Equivalent Discount (SED): SED = 1…

Q: Calculate the trade discount (in $) and trade discount rate (as a %). Round your answer to the…

A:

Q: Find the list​ price, given the net cost and the series discount. Net cost ​$949.25​; trade discount…

A: List price is the original or full price of a product or service before any discounts or promotions…

Q: ys vs

A: Formula to calculate Effective annual rate: Discount rate/(1 - Discount rate)*(360/(Full allowed…

Q: The amount of discount to be recorded if the invoice is paid within the discount period on a…

A: The cash discount would be calculated on the amount, after deducting the trade discount from list…

Q: The cost of discounts on credit terms of 3/10, n/45 is a. 31.78% b. 31.48% c. 20.99% d. 30%

A: Cost of discount credit terms means what cost an entity will have to bear if it is unable to pay…

Q: List price is $450.70. The trade discount rate is 31/15/5. What is the single equivalent discount?…

A: The objective of this question is to calculate the single equivalent discount, the trade discount,…

Q: Credit earned on a partial payment of $ 600 at a discount rate of 5% is, A. $26.32 B. $ 27.35 32.26…

A: Payment = p = $600 Discount rate = r = 5% Let time = t = 1