Purple Turtle Group buys on terms of 1.5/10, net 60 from its chief supplier.
If Purple Turtle receives an invoice for $1,889.99, what would be the true price of this invoice?

a) $1,954.72 b) $1,861.64 c) $2,327.05 d) $1,303.15

The nominal annual cost of the trade credit extended by the supplier is:

a) 13.10% b) 13.76% c) 11.10% d) 11.54%

The effective annual rate of interest on trade credit is .
Suppose Purple Turtle does not take advantage of the discount and then chooses to pay its supplier late, so that on average, Purple Turtle will pay its supplier on the 65th day after the sale.
As a result, Purple Turtle can decrease its nominal cost of trade credit by % by paying late.

In the rbv are defined as the tangible and intangible assets that a firm controls that it can use to conceive and implement its strategies.answers: management policies

Each month, business today publishes a news piece about an innovative product, service, or business. such soft news is generally written by a freelance business writer and is known as a

Exercise 18-15 sheffield appliance center is an experienced home appliance dealer. sheffield appliance center also offers a number of services for the home appliances that it sells. assume that sheffield appliance center sells ovens on a standalone basis. sheffield appliance center also sells installation services and maintenance services for ovens. however, sheffield appliance center does not offer installation or maintenance services to customers who buy ovens from other vendors. pricing for ovens is as follows. oven only $790 oven with installation service 850 oven with maintenance services 970 oven with installation and maintenance services 990 in each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $180. additionally, the incremental amount charged by sheffield appliance center for installation approximates the amount charged by independent third parties. ovens are sold subject to a general right of return. if a customer purchases an oven with installation and/or maintenance services, in the event sheffield appliance center does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $790. assume that a customer purchases an oven with both installation and maintenance services for $990. (b) indicate the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract.