Calculating the True Costs of Credit

[sharlenediestro]

Diestro, Sharlene D.
BSBA III
Credit and Collection

I learned about calculating the true cost of credit. And also the common and distinct types of credit: credit for merchandise sold and cash or bank loans.

[ma.roseannvaldez]

VALDEZ, MA. ROSE ANN O.
BSBA III-B
CREDIT AND COLLECTION

For today I've learned from this video, entitled "Calculating the true costs of credit". They are two Common and distinct types of credit. they are the Credit for merchandise sold and cash or banks loans.

Thank you.

[hulatonarlene]

Hulaton, Arlene A.
BSBA III-B
Credit and Collection

Today I've learned about the true costs of credit, the common and distinct types of credit which is the credit for merchandise sold and cash or bank loans.

[maricrisayson]

AYSON, MARICRIS E.
BSBA III-B
CREDIT AND COLLECTION

I have learned about the true cost of credit. The most common term for merchandise credit is, if the debtor paid his credit within ten days after the invoice date he will get 2% discount. I also learned the common and distinct types of credit these are credit for merchandise sold, and cash or bank loans. There are also important termenologies these are credit period, discount rate, and discount period.

[gallegomarygraced.]

GALLEGO, MARY GRACE D.
BSBA III-B
CREDIT AND COLLECTION

I have learned in this video presentation the calculating of true cost of credit and the 2 common and distinct types of credit, the credit for merchandise sold and cash or bank loans. I learned that credit term is based on the agreement between the parties involved, and what is the important terminologies in credit term, the credit period, discount rate, and discount period. I also learned the cost of forgoing the discount and its formula.

[lazarojenevieo.]

Jenevie o. Lazaro
BSBA IIIB
Credit and Collection

inthis video i learned about calculating the true cost of credit that theycommon and distinct type of credit which are credit for merchandise sold and cash or bank loans.

[janec]

Caldito, Stephanie Jane N.
BSBA III-B
Credit and Collection

Through this video, I have learned how to calculate the true costs of credit. Whether it be from the credit for merchandise sold or from cash or bank loans. Interestingly, there's quite a big difference if you pay early than the due date in credit, compared to forgoing the discount. And the same with choosing a nominal rate over the effective interest rate.
Thank you Sir and God bless.

[irenejoyancheta]

Ancheta, Irene Joy V.
BSBA III-B
CREDIT&COLLECTION

In today's topic I've learned about the true costs of credit. Credit term is based on the agreement within the parties involved, it is agreed between creditor and debtor. And I've learned that there are two common and distinct type of credit, the credit for merchandise sold and cash or bank loans, and as it mentioned in the topic, the effective interest rate is the true costs of credit. Thats all.

[shaneanne]

Viernes, Shane Anne, E.
BSBA III-B
Credit and Collection
I have learned about calculating the costs of credit.

[delacruzcejiec.]

DELA CRUZ, CEJIE C.
BSBA-3B
CREDIT AND COLLECTION
I have learned in this video about calculating the true costs of credit which have the common and distinct types of credit, those are the credit for merchandize sold and cash or bank loans. In credit for merchandize sold which most common term for merchandize credit is 2/10, n/30. In credit term base on the agreement between the party is involve in short this is agreed by the creditor and debtor. I learn also on how to compute the cost of forgoing the discount in one transaction. For cash or bank loans is the calculation of cost of credit will be different in terms of nominal rate and effective interest rate.

[paulaagustin]

Agustin, Paula R.
BSBA 3B
Credit and Collection
I learned the Common and distinct type of Credit: Credit for merchandise sold and Cash or bank loans.

[hanahsheinchan]

Chan, Hanah Shein
3-B
Credit and Collection
I had learned that bank offers a different interest for credit.

[noreenleilutrania]

Jimenez, Noreen Lei L.
III-B
Credit and Collection

I learned about the Calculating the true Cost of Credit.

[ishmaeltapalla]

Tapalla, Ishmael V.
BSBA III-B
CREDIT AND COLLECTION

In this lesson I learned about calculating the true cost of credit. Credit has two common and distinct type which are Credit for Merchandise Sold and Cash on Bank loans where they both differ in calculating for true cost of credit.
Thank you sir.

[renzronniemejia]

Mejia, Renz Ronnie T.
BSBA-IIIB
Credit and Collection

I learned on this video about calculating the true costs of credit.

[leacarbonel]

Carbonel, Lea D.
3-B
I've learned on how to calculate the cost of credit

[alfonsomaryrose]

ALFONSO, MARY ROSE S.
BSBA III-B
CREDIT AND COLLECTION
I've learn in this video presentation is about tga calculating the true cost of credit and also I learn the important terminologies which are credit period, discount rate and discount period. And also I get an information about the common and distinct type of credit which is credit for merchandise sold and cash or bank loans.

[jolitacabugao]

Cabugao, Jolita N.
BSBA 3-B
Credit and Collection

In this video I learned the calculating the true cost of credit. There have two common and distinct types of credits these are credit for merchadise sold and cash bank loans.

[artgrayacain]

VALDEZ, AILYN, T.
BSBA III-B
CREDIT AND COLLECTION

I learned about the calculating the cost of credit

[estradapaulinem.]

ESTRADA, PAULINE M.
BSBA III-B
CREDIT AND COLLECTION

In this video presentation, I learned that the effective interest rate is the true cost of credit. I also learned about the 2 common and distinct types of credit which are credit for merchandise sold and cash or bank loans.