Mahrouq Technologies buys $13,431,550 of materials (net of discounts) on terms of 4/30, net 60, and it currently pays within 30 days and takes discounts. Mahrouq plans to expand, and this will require additional financing. If Mahrouq decides to forego discounts and thus to obtain additional credit from its suppliers, calculate the nominal cost of that credit
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If Mahrouq decides to forego discounts and thus to obtain additional credit from its suppliers, then the nominal cost of that credit is 60.11%.
To calculate the nominal cost of credit for Mahrouq Technologies when they decide to forego discounts and obtain additional credit from suppliers, follow these steps:
1. Determine the discount percentage: In this case, the discount offered is 4% (4/100).
2. Calculate the amount of the discount: To find the amount of the discount, multiply the materials cost by the discount percentage.
$13,431,550 × 0.04 = $537,262
3. Determine the net payable amount: Subtract the discount amount from the total materials cost.
$13,431,550 - $537,262 = $12,894,288
4. Calculate the credit period: The credit period is the difference between the net terms and the discount period. In this case, it's 60 days (net 60) minus 30 days (4/30), which equals 30 days.
5. Determine the number of credit periods in a year: Divide 365 days by the credit period.
365 days ÷ 30 days = 12.17 periods (rounded to two decimal places)
6. Calculate the nominal cost of credit: Use the following formula:
Nominal cost of credit = (1 + discount percentage)^(number of credit periods) - 1
(1 + 0.04)^12.17 - 1 ≈ 0.6011 or 60.11%
So, if Mahrouq Technologies decides to forego discounts and obtain additional credit from its suppliers, the nominal cost of that credit would be approximately 60.11%.
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Related Questions
THE WINNER IS cssa06160! She/he answerd the most questions with all accuracy : )!!! She will get brainliest
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Answer:
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Explanation:
Answer:
yey :)
Explanation:
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what do you pore first the cereal or the milk? True or false.
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you have $10,000 and you would like to invest this money. which is less risky?
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There are several investment options available with varying levels of risk with $10,000 such as savings accounts, certificates of deposit (CDs), and bonds.
The less risky options are those that offer lower potential returns but also come with a lower chance of losing money. Some examples of less risky investments include:
1. Savings Accounts: These are a safe option for your money, with minimal risk, as they are insured by the Federal Deposit Insurance Corporation (FDIC).
2. Certificates of Deposit (CDs): CDs are also a low-risk investment, as they are also insured by the FDIC and provide a fixed interest rate over a set period.
3. Treasury Securities: U.S. government-issued securities like Treasury bills, notes, and bonds are considered low-risk investments, as they are backed by the full faith and credit of the U.S. government.
4. Money Market Funds: These are a type of mutual fund that invests in low-risk, short-term securities, providing a safer option than more aggressive stock or bond funds.
These options typically have a fixed rate of return and are considered more stable than stocks or mutual funds, which are generally riskier but have the potential for higher returns. Ultimately, the best investment strategy depends on your individual financial goals, risk tolerance, and time horizon.
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A homeowner leased his home to a tenant for three years. The following year, the homeowner conveyed the house to a buyer, who never recorded her deed nor did anything with regard to the house. The tenant continued paying rent to the homeowner. Three months after the conveyance to the buyer, the homeowner conveyed the property to his cardiologist, who knew nothing of the prior conveyance to the buyer. The homeowner took the cardiologist's money and skipped town. The cardiologist told the tenant that he now owned the house and that all rents should be paid to him. The tenant complied.
Six months later, the cardiologist went to his local bank for a loan. He offered to put up the property as security. The bank discovered that the cardiologist had never recorded his deed and that, just two weeks prior to his loan application, the buyer had recorded a deed to the house that bore an earlier date than the deed the cardiologist had shown the bank. Because of this cloud on the title, the bank refused the loan request. When the tenant discovered this, she quit paying rent to the cardiologist. The state has a recording statute that provides, "a conveyance of an interest in land, other than a lease for less than one year, shall not be valid against any subsequent purchaser for value, without notice thereof, unless the conveyance is recorded."
If the cardiologist sues the tenant to compel the payment of rent, is the cardiologist likely to win?
response - correct
A Yes, because the tenant is estopped from denying a landlord-tenant relationship with the cardiologist, since she had paid rent for many months.
B Yes, because the cardiologist was a bona fide purchaser when he bought the property from the homeowner.
C No, because the cardiologist failed to record his deed to the property.
D No, because the cardiologist does not have good title to the property and cannot demand rent from tenants in possession.
Answers
If the cardiologist sues the tenant to compel the payment of rent, the cardiologist is not likely to win. The answer is D. No, because the cardiologist does not have good title to the property and cannot demand rent from tenants in possession.
Why is it so? This is because the state has a recording statute that provides, "a conveyance of an interest in land, other than a lease for less than one year, shall not be valid against any subsequent purchaser for value, without notice thereof, unless the conveyance is recorded."If the cardiologist is not recorded, then he will not have good title to the property and he cannot demand rent from tenants in possession.Thus, the answer is D. No, because the cardiologist does not have good title to the property and cannot demand rent from tenants in possession.
Hence, the correct option is D.
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which method of financing a company results in a reduction of ownership?
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The main outputs of which process are a quality management plan, quality metrics, project management plan updates, and project documents updates?
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Answer:
Process asset updates.
Explanation:
Quality assurance assessments, validated modifications, authenticated deliverables, performance at work indicators, configuration management, project management plan modifications, project document security patches, and organisational process asset updates are the key outputs of quality assurance.
sales of cases of soft drinks are up 20% from last year. you sold 500 cases of soft drinks during September of the previous year. based on current demand trends, what would the forecast be for total sales of cases of soft drinks for this September?
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Answer:
600 cases you welcome :)
hello im Michal the fox how may tails i have three,two or,four
Answers
Answer:
2
Explanation:
bird brain co. reported net income of $45,200 for the year ended december 31, 2021. january 1 balances in accounts receivable and accounts payable were $23,500 and $26,000 respectively. year-end balances in these accounts were $21,300 and $29,500, respectively. assuming that all relevant information has been presented, bird brain's cash flows from operating activities would be:
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Bird brain's cash flows from operating activities would be 48000.
(45000 + 1000 (reduction in A/R) + 2000 (increase in A/P))
= 48000
Cash flow refers to the net change in cash and cash equivalents coming into and leaving a business. Inflows and outflows are represented by money received and spent, accordingly. Cash flow from operating activities refers to the earnings a company makes through ongoing, regular business activities like creating and selling things or providing clients with services. The three categories into which the cash flows are subdivided in the statement are operating activities, investment activities, and financing activities. The section on cash flow from operating activities details how a company raised and spent money to carry out its core functions.
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1) The skills and knowledge a person has acquired through experience and/or
education.
O Human Capital
O Entrepreneurial talents
O Physical Capital
O Perfect competition
Answers
Answer:
O Human Capital
Explanation:
Human capital is an employee's knowledge, skills, and competencies that a company uses in productivity. It is the attributes of labor that impact production and influence compensation. Human capital is enhanced through education, job training, work experiences, and research.
Human capital is compensated through wages and salaries. Its cost is monetized as labor and is one of the factors of production.
Credit card companies allow debtors to make partial payments of about 5% of the total bill. Why do they do this, and do you think this should be legal? Explain
Maxed out movie
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Credit card companies allow debtors to make partial payments of about 5% of the total bill because it benefits both the debtor and the credit card company. For the debtor, it provides some relief and flexibility in making payments, especially if they are struggling financially.
From the perspective of the credit card companies, this practice is beneficial because it allows them to generate consistent revenue from interest charges while minimizing the risk of default. It also encourages cardholders to continue using their credit cards, potentially accruing more debt and interest charges.
In conclusion, credit card companies offer the option of minimum payments to provide flexibility to consumers and generate revenue from interest charges. While this practice is legal, consumers should be cautious about relying on minimum payments to manage their credit card debt.
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which of the following is not one of the reasons a company might launch new competitive actions? group of answer choices to obtain first mover advantages to improve market position to find new sources of raw materials to capitalize on growing demand
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One of the reasons a corporation could start new competitive measures is not to look for new raw material suppliers. Option 3 is Correct.
Three elements are required for the successful launch of new businesses or the adoption of new technologies: an entrepreneurial opportunity, the resources to explore the opportunity, and an entrepreneur or entrepreneurial team ready and motivated to take the endeavour on.
On the other side, if the concentration is significant and the top 'n' businesses control the market's output or services, the sector is referred to as oligopolistic or monopolistic. A person's nationality has no bearing on whether or not he is an entrepreneur. The expertise of an entrepreneur is affected by variables like education, and an entrepreneur's job experience aids in the operation of the company. Option 3 is Correct.
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Correct Question:
which of the following is not one of the reasons a company might launch new competitive actions? group of answer choices
1. to obtain first mover advantages
2. to improve market position
3. to find new sources of raw materials
4. to capitalize on growing demand
When a government creates a budget, it is seeking a way to
Answers
Answer:
allocate money to programmes and projects.
Explanation:
A budget is an estimate or a proposed revenue and expenses for a financial period, usually one year. It shows how funds will be generated by the government to finance it's projects and programmes.
On a yearly basis, government sets out it's plan in a budget against the coming year. It is this plan that would guide it's action in the following year in terms of what and where to focus it's spending on.
Therefore, when a government creates a budget, it is seeking to allocate money to programmes and projects for the benefits of the citizenry.
Answer:
Answer: D.) Allocate money to programs and projects
Explanation:
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Henly Company enters into a contract to transfer a product to Propel Inc. On July 31, 2019. It is agreed that Propel will pay the full price of $10,000 in advance on April 15, 2019. Henly delivers the product on July 31, 2019. The cost of the product is $7,500. Requirement: What journal entries are required in 2019?
Answers
Answer and Explanation:
The journal entries are shown below:
1. No journal entry should be recorded for entered into a contract
2. On April 15
Cash Dr $10,000
To Unearned sales revenue $10,000
(Being advance is recorded)
3. On July 31
Unearned Sales Revenue $10,000
To Sales Revenue $10,000
(Being the unearned sales revenue is recorded)
Cost of Goods Sold $7,500
Inventory $7,500
(Being the cost of a product is recorded)
Assignment 2R: Customers, Inventory, and Safety Instructions
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The three ways which most company uses to create a brand promise are through its:
Product Design and InnovationUser ExperienceCustomer Service.Description of ways that the company uses to create that brand promise:One well-known company that has a strong brand promise is Apple Inc. Apple's brand promise is centered around delivering innovative, high-quality products and services that offer a seamless, intuitive, and stylish user experience. The company aims to provide its customers with products that simplify their lives and enhance their ability to connect and express themselves in new and exciting ways.
Here are three ways that Apple creates and upholds this brand promise:
Product Design and Innovation: Apple is known for its sleek and stylish product designs, as well as its innovative approach to technology. The company invests heavily in research and development to bring new and exciting products to market, such as the iPhone, iPad, and MacBook.User Experience: Apple places a strong emphasis on the user experience. All of its products are designed to be easy to use, intuitive, and seamless. The company also offers a wide range of services, such as Apple Music, the App Store, and Apple Pay, that enhance the overall user experience.Customer Service: Apple has a reputation for providing exceptional customer service. The company operates a large network of retail stores that offer hands-on support and repair services, as well as a robust online support center. Apple also offers a warranty program that covers its products for a specified period of time, giving customers peace of mind.By consistently delivering on its brand promise, Apple has built a loyal customer base and a strong reputation as a company that provides innovative and high-quality products and services.
Missing words "You learned about customers, inventory, and safety. Now, you'll apply what youlearned.1. Choose a well-known company, and describe its brand promise. Describe at leastthree ways that the company uses to create that brand promise".
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: IMAGINE THE GHANAIAN PUBLIC HAS LOST CONFIDENCE IN THE FINANCIAL MARKET BECAUSE OF TGE INGOING DEBT EXCHANGE PROGRAM. DISCUSS 5 OPTIONS AVAILABLE FOR THE GHANAIAN INVESTOR THAT WOULD NOT INVOLVE INVESTMENT IN SECURITIES OR FINANCIAL INSTRUMENTS.
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A small business, investing in real estate or commodities, opening a savings account with a high interest rate, or contributing to a pension plan are all options for investors in Ghana.
Investors in Ghana who have lost confidence in the financial market due to the ongoing debt exchange program may consider alternative investment options. Investing in real estate or commodities can provide tangible assets that offer a store of value and potential appreciation over time. Starting a small business can also provide a source of income and control over one's financial future. In addition, opening a savings account with a high interest rate or contributing to a pension plan can provide a reliable and predictable return on investment over the long term. These options can help investors diversify their portfolios and mitigate risks associated with a volatile financial market.
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It has been a great year at Capital Funding, Inc., an SEC-registered broker-dealer that is also registered in 22 states. The company decides to share its good fortune with employees by paying a year-end bonus equal to 31% of annual salary. In order for clerical personnel to receive this bonus: A) they must be licensed as agents. B) the bonus must be sales related. C) they must be licensed as investment adviser representatives. D) they must be employees of the broker-dealer.
Answers
Answer:
Option D would be the appropriate alternative.
Explanation:
A broker dealer would be a company or organization engaged throughout the purchase as well as the sale of securities within its multiple occasions or even on behalf of the participants. Brokerage serves as an intermediary whenever it implements order information on behalf of the shareholders while acting mostly as a dealer or superintendent whenever it exchanges on one's consideration.Other choices available aren't connected to that same scenario in the statement. So the answer here is just the perfect one.
by what media were the sediments deposited
Answers
Sediments can be deposited through various media, including water, wind, ice, and gravity.
In general, water is one of the most common media for sediment deposition. Sediments can be carried by rivers, streams, and ocean currents, and deposited in deltas, floodplains, and ocean floors. Wind can also transport sediments, particularly in arid regions, and deposit them in sand dunes and other landforms. Ice can carry and deposit sediments, as seen in glacial moraines and other landforms. Gravity can cause sediments to accumulate at the base of hills and mountains, forming talus slopes.
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According to rankings by many people over the years what is the number one expectation that people have a job they will enjoy
Answers
Answer:
The number one expectation is that the job uses people's abilities to the best, and makes them feel accomplished.
One possible explanation for this is Maslow's hierarchy of needs, in which the need of self-accomplishment is at the top, meaning that this is the need of the highest order.
If people feel that they are achieving self-accomplishment in their jobs, then, it is very likely that they enjoy it.
dupont assigned groups comprised of chemists, sales and marketing executives, and regulatory specialists to sell an herbicide to corn growers. the product recorded sales of $57 million in its first year. this type of sales approach is called:
Answers
Dupont assigned groups of chemists, sales and marketing executives, and regulatory specialists to sell a herbicide to corn growers. In its first year, the product made $57 million in sales. This is referred to as team selling.
What exactly is a team selling?
Team selling is a sales strategy in which two or more representatives from different company departments work together to close more deals. It facilitates the exchange of business information and the agreement of prices, terms, and conditions.
Making the purchasing process simple for your customers can set your company apart from the growing number of competitors. One method is to form a team and sell together. The method entails utilizing the skills of a cross-functional sales team in order to accurately address clients' concerns and pain points.
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Click this link to view O*NET's Tasks section for Postal Service Mail Carriers. Note that common tasks are listed
toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common
tasks performed by Postal Service Mail Carriers? Check all that apply.
installing mailboxes
O obtaining signed receipts for mail
sorting mail
delivering mail
O supervising other mail workers
reviewing job applicants
Done
Answers
Answer:
1. obtaining signed receipts for mail
2. sorting mail
3. delivering mail
Explanation:
Postal Service Mail Carrier's main responsibility is to deliver mail to their intended receipts. The Postal Service mail carriers are the last people in the mail distribution channel. They are the people who get mail to the receipts and have them sign for it.
The Postal service mail carriers will be issued with mail, usually for a particular route. They will sort to identify the address where each mail is to be delivered. Upon arriving at the correct address, the postal service mail carrier will hand over the mail to the recipient and have them sign as an acknowledgment of receipt.
Answer:
AEF
Explanation:
What is the difference between revolving and term credit?
Answers
Answer: Revolving credit offers borrowers the option to draw funds up to a limit while ,Term credit is the agreement between a seller and buyer that lists the timing and amount of payments the buyer will make in the future.
The "River and Rocks" metaphor from Lean is a way of visualizing how a company manipulates_____ identify and remove problems from an organization. A. Automation B. Inventory C. Artificial Intelligence D. Labor (number of employees) E Technology
Answers
The "River and Rocks" metaphor from Lean is a powerful tool for visualizing how a company manages problems and removes obstacles to optimize its operations.
The metaphor involves imagining a river flowing smoothly towards its destination, while rocks along the way create obstacles that impede the flow of the water. In this context, the river represents the company's processes, and the rocks represent any issues or inefficiencies that hinder the flow of work.
To successfully manage these issues, companies must identify and remove the "rocks" that impede progress. This requires a concerted effort to identify areas of improvement and implement solutions to overcome the obstacles.
By doing so, companies can improve their processes, streamline their operations, and ultimately increase their efficiency and profitability.
In conclusion, the "River and Rocks" metaphor is a powerful tool for visualizing how a company manages its processes and removes obstacles to improve its operations. By identifying and removing problems, companies can optimize their operations and gain a competitive advantage in the marketplace.
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One morning, you decide to go to garage sales to look for some nice furniture for your 5 year old daughter’s bedroom. At one house, you find a very nice dresser set marked for $140. You know this is a heck of a deal because similar dresser sets go for about $800 brand new. The main problem is that your wife may not like the color of the furniture so you can’t buy it without her approval. You have forgot your phone, so you need to go quickly to your house to pick up your wife so she can see the furniture. Your primary concern is that the owner might sell the furniture before you can get back. What could you possibly do to control this situation and buy the furniture if you wife approves
Answers
Answer:
Ask the owner to reserve it, or just buy it and repaint it if your wife doesnt like it. worse case scenario you can resell it for more than its worth
Explanation:
Answer:
Ask the owner if they can hold it for you and go get the wife. Its important to get the wife...happy wife. happy life.
All of the following are reasons to attend a vocational school except.
O A. It takes less time than earning a bachelor's degree.
O B. It is cost-effective.
C. Most credits are transferable to four-year colleges.
D. You work with experienced instructors.
Answers
Answer:
C. Most credits are transferable to four-year colleges.
Explanation:
Vocational schools offer training on courses that focus on skills required to undertake a particular trade or job function. In vocational training, students are prepared for specific carriers. All other unrelated subjects are disregarded. Due to this and other facts, vocational school training takes less time to complete, is less expensive, and the instructors are specialized.
One cannot transfer credits from vocation training to college. The two institutions offer varied programs that take follow diverse paths, and take different times to complete.
how does open book management benefit employees?
Answers
Answer: It helps your employees do their job better.
Explanation: Not only that but it will help all people who work there, know what the job is about and know the full meaning and whole of what it is. I hope this helps!
Assume your company’s sales increased from $3 million last year to $10 million this year. However, your biggest competitor is still the market leader with a 40% share of the $200 million widget market. Your other four competitors had sales this year of $53 million, $38 million, $12 million, and $7 million, respectively. For this year, what is your company’s MARKET SHARE? Type only a number along with a $ or % (if appropriate). Dollar amounts should be rounded to the nearest cent; percentages to the nearest tenth. *
Answers
Answer: 5%
Explanation:
The market share for the company will be gotten using the formula:
= Sales generated by company / Total industry sales × 100
= 10/200 × 100.
= 5%
Therefore, the company's market share is 5%
all the following are reasons to invest, EXCEPT
Answers
Answer:
B
Explanation:
If supply increases and demand stays the same, there will be a
A) higher equilibrium price and quantity
B)lower equilibrium price and higher quantity
C) lower equilibrium price and quantity
D) higher equilibrium price and lower quantity
Answers
Answer:
B) lower price increase quantit
Explanation:
An FHA loan made last year may be assumed:
-only by a buyer who intends to occupy the property
-only by a buyer who intends to occupy the property as a primary residence
-only by a buyer who has had an FHA loan before
-by any buyer, regardless of whether he intends to occupy the property
Answers
Loans after that date may also be assumed, but the Federal Housing Administration requires a" creditworthiness supposition process". Simple hypotheticals may not bear FHA blessing, but the borrower and lender must work out the details together.
What happens to the property?For all loans after the 1986 cut off date, FHA blessing and borrower credit verification are needed. The" new" FHA rules governing loan supposition requires the borrower to qualify important in the same way he or she'd qualify for any other FHA home loan.
A loan supposition credit check is done in the same way as the procedure for any FHA loan operation. Loan hypotheticals can not offer more lenient credit check programs or more strict bones
According to the FHA, under the" Determining if an Assumptor is Creditworthy" rule," The lender who's the holder or servicer of the mortgage determines the creditworthiness of the assumptor, in agreement with standard mortgage credit analysis conditions. The Direct Countersign( DE) lender may also use an approved authorized agent to reuse hypotheticals."
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