Question
A buyer failed to take advantage of the vendor's credit terms of 1.15/10, n/45, but instead paid the invoice in full at the end of
A buyer failed to take advantage of the vendor's credit terms of 1.15/10, n/45, but instead paid the invoice in full at the end of 90 days. By not taking advantage of the cash discount, the equivalent annual interest lost on the amount of the purchase is:
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A Journey Into Auditing Culture
Authors: Grant Thornton United Kingdom, Susan Jex, Eddie J. Best
1st Edition
1634540565, 978-1634540568
