Ransco Corporation buys on terms of 2/10, net 30 but pays on Day 12 and still takes

Question:

Ransco Corporation buys on terms of 2/10, net

30 but pays on Day 12 and still takes the discount.

What is the APR of Ransco’s nonfree

trade credit?

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Cfin4 Plus Coursemate Printed Access Card 2014

ISBN: 9781285434544

1st Student Edition

Authors: Scott Besley, Eugene F. Brigham

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Question Posted: Jun 10, 2024 02:07 AM

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Ransco Corporation buys on terms of 2/10, net 30 but pays on Day 12 and still takes

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Cfin4 Plus Coursemate Printed Access Card 2014

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