If a firm's credit terms require payment within 45 days but allow a discount of 2 percent if paid within 15 days (using a 360 day year), the approximate cost/benefit of the trade credit terms is:

If a retailer's terms of trade are 3/10, net 45 with a particular supplier, what is the cost on an annual basis of not taking the discount? Assume a 360 day year.

A firm purchased $10,000 of merchandise inventory on May 1. The terms of the purchase were 2/10, net 30. The company would pay what amount on May 9?

If the dollar price of the euro rises, which of the following will occur?

One euro will buy US $1.48 and a British pound will buy US $2.06. What is the cross rate of euros per pound?

A discount on accounts payables would encourage which of the following activities?