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Mr. Hugh Warner is a very cautious businessman. His supplier offers trade credit terms of 3/10, net

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Mr. Hugh Warner is a very cautious businessman. His supplier offers trade credit terms of 3/10, net 80. Mr. Warner never takes the discount offered, but he pays his suppliers in 70 days rather than the 80 days allowed so he is sure the payments are never late. What is Mr. Warner’s cost of not taking the cash discount?

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Collins Omondi
I have been an academic and content writer for at least 6 years, working on different academic fields including accounting, political science, technology, law, and nursing in addition to those earlier listed under my education background. I have a Bachelor’s degree in Commerce (Accounting option), and vast knowledge in various academic fields Finance, Economics, Marketing, Management, Social Science, Women and Gender, Business law, and Statistics among others.
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