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b ) Gemilang Limited make their purchase under the term 2 1 0 net 3 0 . If Gemilang Limited foregoes the discount and pays
b Gemilang Limited make their purchase under the term net If Gemilang Limited foregoes the discount and pays for its purchase according to the terms of its trade credit, calculate the effective cost of using this source of credit. Marks ii In case Gemilang Limited forgoes the discount but does not pay for its purchases until day calculate the effective cost of using this source of credit without penalty. Marks Total: Marks
b Gemilang Limited make their purchase under the term net
If Gemilang Limited foregoes the discount and pays for its purchase according to
the terms of its trade credit, calculate the effective cost of using this source of
credit.
Marks
ii In case Gemilang Limited forgoes the discount but does not pay for its purchases
until day calculate the effective cost of using this source of credit without
penalty.
Marks
Total: Marks
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