Question
BagzilariCorportionisa manufacturing company, and has a supplier which sells on credit with credit terms of 2/15, net 45 days. The firm does not take the
BagzilariCorportionisa manufacturing company, and has a supplier which sells on credit with credit terms of 2/15, net 45 days. The firm does not take the discount and pays on the 45th day. What is the effective annual cost of not taking this discount?(Assume a 365-day year.)
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Fundamentals Of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
13th Edition
978-0134083308, 013408330X
