subject
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.)

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 04:10, Gillo34
An outside manufacturer has offered to produce 60,000 daks and ship them directly to andretti's customers. if andretti company accepts this offer, the facilities that it uses to produce daks would be idle; however, fixed manufacturing overhead costs would be reduced by 75%. because the outside manufacturer would pay for all shipping costs, the variable selling expenses would be only two-thirds of their present amount. what is andretti's avoidable cost per unit that it should compare to the price quoted by the outside manufacturer?
Answers: 3
image
Business, 22.06.2019 04:40, dedrell16
What is ur favorite song and by who i know dis is a random question
Answers: 2
image
Business, 22.06.2019 11:50, CheddaDsk
What is marketing’s contribution to the new product development team? a. technical expertise needed to translate designs into an actual product/service. b. deep customer insight that leads to product ideas. c. ability to assess financial viability d. feedback on design as well as how customers will actually use the product e. technical expertise needed to translate concepts into product/service designs.
Answers: 2
image
Business, 22.06.2019 17:30, neriah30
Fabian got into an accident on his way to work. he had multiple fractures in his leg. his doctor advised strict bed rest for at least three months. fabian is a freelance wildlife photographer who usually works on a contract basis, and this is his primary source of income. before the accident, fabian was planning his finances. which goal of his financial plan would fabian in getting through without pay for the next three months? the goal that requires the creation of a/an would fabian get through the next three months without pay.
Answers: 1
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 in other subjects:

Konu
Mathematics, 16.01.2020 13:31