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Assume that its trade credit terms are 4/10, net 45 and Mackenzie pays on day 40. Using a 365 day year, what is Mackenzie's Effective
Assume that its trade credit terms are 4/10, net 45 and Mackenzie pays on day 40. Using a 365 day year, what is Mackenzie's Effective Annual Rate (EAR) cost of trade credit?
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Auditing Principles Techniques And Practices
Authors: Mustaq Ahmad, Mohd Ashraf Ali
1st Edition
8184841949, 978-8184841947
