Question
A cash discount of 2/10 net 30 is expressed in the invoice of KUNTU Ltd. What penal rate per annum will apply if payment is
A cash discount of 2/10 net 30 is expressed in the invoice of KUNTU Ltd. What penal rate per annum will apply if payment is made on the 40th day, assuming the invoice amount is GHC15,000?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
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