Question
1. Book Depot Inc. sells on terms of 2/20, net 75. What is the implicit cost of trade credit under these terms? Use a 365-day
1. Book Depot Inc. sells on terms of 2/20, net 75. What is the implicit cost of trade credit under these terms? Use a 365-day year. Correct answer (13.54)% Please explain
2. Pets Store Inc. sells on terms of 2/15, net 60. What is the effective annual cost of trade credit under these terms? Use a 365-day year. Correct answer (17.81)% Please explain
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Applied Financial Macroeconomics And Investment Strategy
Authors: Robert T McGee
1st Edition
1137428394, 978-1137428394
