Question
A firm buys on terms of 2/10, net 30, but generally does not pay until 40 days after the invoice date. Its purchases total P1,080,000
A firm buys on terms of 2/10, net 30, but generally does not pay until 40 days after the invoice date. Its purchases total P1,080,000 per year. What is the approximate cost of the non-free trade credit?
A. 21.9%
B. 24.5%
C. 16.2%
D. 19.4%
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Airline Finance
Authors: Peter S. Morrell
4th Edition
1351959743, 978-1351959742
