Tangshan Mining was extended credit terms of 3/15 net 30 EOM. The cost of giving up the cash discount, assuming payment would be made on the last day of the credit period, would be ________
If the firm were able to stretch its accounts payable to 60 days without damaging its credit rating, the cost of giving up the cash discount would only be ________.
A) 72.99%; 18.81%
B) 72.99%; 18.25%
C) 75.25%; 21.90%
D) 75.26%; 25.09%
D
You might also like to view...
A prospect that becomes increasingly anxious during a sales presentation is sending a buying signal.
Answer the following statement true (T) or false (F)
How does diversity research differ from research on organizational demography?
a. Diversity research is broader. b. Organization demography is action oriented. *c. Organization demography is broader. d. Organization demography focuses on groups not individuals.
Richard is starting a new security service. He tells his attorney, Kiera, that while he plans to prohibit all acts of discrimination and harassment, he cannot be all places at all times. Richard asks Kiera if there is anything he can do to limit his liability. What should she tell him?
a. She should tell him that he has nothing to worry about because as long as he has a rule prohibiting harassment, he cannot be held liable for acts of supervisors. b. She should tell him that there is nothing he can do because under the law, he is automatically liable for any acts of harassment committed by supervisors. c. She should tell him that he should have a policy provided to all employees offering to correct any offensive conduct, and that an unreasonable failure by an employee to take advantage of corrective opportunities offered through the policy would help him avoid liability. d. She should tell him that he should take advantage of a loophole in Title VII that allows business owners to opt out of the harassment provisions of Title VII.
Conglomicorp Inc has 10.5 million shares of stock outstanding with a book value of $25 per share and a market value of $93 per share. The firm also has $40 million in retained earnings and a required rate of return of 8%
What is the current market capitalization for the firm? A) $904,166,667 B) $976,500,000 C) $1,097,820,000 D) $1,016,500,000