Question
2.3 Use the following information to calculate the cost of not accepting a discount: (5 marks) Reptile Wholesalers normal credit terms to Puff Adder Distributors
2.3 Use the following information to calculate the cost of not accepting a discount: (5 marks)
Reptile Wholesalers normal credit terms to Puff Adder Distributors are 30 days but is prepared to allow a 4.5% rebate if Puff Adder Distributors pays the account within 15 days. Calculate the cost to Puff Adder Distributors of not accepting the discount.
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Gapenskis Understanding Healthcare Financial Management
Authors: George H. Pink, Paula H. Song
8th Edition
1640551093, 978-1640551091
