Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. mr. hugh warner is a very cautious businessman. hi

Mr. Hugh Warner is a very cautious businessman. His supplier offers trade credit terms of...

80.2K

Verified Solution

Question

Finance

Mr. Hugh Warner is a very cautious businessman. His supplier offers trade credit terms of 2/11, net 90. Mr. Warner never takes the discount offered, but he pays his suppliers in 80 days rather than the 90 days allowed so that he is sure the payments are never late. What is Mr. Warner's cost of not taking the cash discount? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

An article in Business Week discussed the large sp

Statistics
Q

A health club is trying to determine how to allocate funds for advertising. The manager decides...

Basic Math
Q

CSI: Hot Tub..too hot to handle?             After waking up in the yard with a severe hangover,...

Medical Sciences
Q

Based on experimental observations, the acceleration of a particle is defined by the relation a = –(0.1...

Mechanical Engineering
Q

Suppose we have a small rocket with a full 120 liter fuel tank Fuel with...

Physics
Q

In the USA, the shoe sizes for men are approximated by the equation 3f-s=24, where...

Basic Math
Q

Find the area of the triangle ABC A 50 0 B 37 7 c 25...

Algebra
Q

1 Draw the planes with equations a TT x 5 b y 6 2 C...

Algebra
Q

Find Accrual accounting rate of return (it's not 19.80) ...

Accounting
Q

A coin sold at auction in 2017 for $4,120,500. The coin had a face value...

Finance
Q

The December 31, 2009, balance sheet of Annas Tennis Shop, Inc., showed current assets of...

Finance
Q

Homeowners Association in Mexico Case Study Randy Bozarth loosened his grip on the tiller...

Finance