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A firm offers its customers 1/10 net 40. What is the cost of trade credit to a customer who chooses to pay on day 40?
A firm offers its customers 1/10 net 40. What is the cost of trade credit to a customer who chooses to pay on day 40?
A.12.8%
B. 96.0%
C. 13.0%
D.65.5%
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Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Louis Gapenski
1st Edition
1567930905, 978-1567930900
