Home » 17 Zoro Inc. purchased a new machine on O…

# 17 Zoro Inc. purchased a new machine on O…

Question 17Zoro Inc. purchased a new machine on October 20, 2010 for \$1,000,000 on credit. The supplier has offered Zoro terms of 2/10, n/45. Zoro’s bank is currently lending funds at 8 percent. Compute the approximate annual rate of interest underlying these credit terms (2/10, n/45). Use a 365-day year on any calculations and round only your answer to the nearest percent plus two more decimal places. Do not round any other amounts in your calculations.A. 2.00%B. 8.11%C. 10.43%D. 16.22%E. 20.86% Question 18Zoro Inc. purchased a new machine on October 20, 2010 for \$1,000,000 on credit. The supplier has offered Zoro terms of 2/10, n/45. Zoro’s bank is currently lending funds at 8 percent. Should Zoro should take advantage of the cash discount.A. Yes, because you should always pay all invoices within the discount period.B. No, because you should never pay invoices within the discount period.C. No, because the discount rate (2%) is less than our cost-of-capital (8%)D. No, because the approximate annual rate earned by paying this invoice early exceeds our cost-of-capital (8%)E. Yes, because the approximate annual rate earned by paying this invoice early exceeds our cost-of-capital (8%)

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.