Business, 19.09.2019 18:00 jayy2x41

Dome metals has credit sales of $378,000 yearly with credit terms of net 60 days, which is also the average collection period. assume the firm adopts new credit terms of 2/15, net 60 and all customers pay on the last day of the discount period. any reduction in accounts receivable will be used to reduce the firm's bank loan which costs 8 percent. the new credit terms will increase sales by 20% because the 2% discount will make the firm's price competitive. a. if dome earns 15 percent on sales before discounts, what will be the net change in income if the new credit terms are adopted? (use a 360-day year.)

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 20:00

Question 6 of 102 pointswhich situation shows a constant rate of change? oa. the number of tickets sold compared with the number of minutesbefore a football gameob. the height of a bird over timeoc. the cost of a bunch of grapes compared with its weightod. the outside temperature compared with the time of day

Answers: 1

Answer

Business, 22.06.2019 21:50

Assume that (i) setups need to be completed first; (ii) a setup can only start once the batch has arrived at the resource, and (iii) all flow units of a batch need to be processed at a resource before any of the units of the batch can be moved to the next resource. process step 1 molding 2 painting 3 dressing setup time 15 min. 30 min. no setup processing time 0.25 min./unit 0.15 min./unit 0.30 min./unit which batch size would minimize inventory without decreasing the process capacity?

Answers: 1

Answer

Business, 22.06.2019 22:10

Which of the following tends to result in a decrease in the selling price of houses in an area? a. an increase in the population of the city or town. b. an increase in the labor costs of construction. c. an increase in the income of new residents in the city or town. d. an increase in mortgage interest rates.

Answers: 1

Answer

Business, 22.06.2019 22:50

What is the difference between the contractual interest rate and the market interest rate?

Answers: 1

Answer

You know the right answer?

Dome metals has credit sales of $378,000 yearly with credit terms of net 60 days, which is also the...

Questions