Question
Blossom Corp. sells its goods with terms of 4/11 EOM, net 45. What is the implicit cost of the trade credit? (Do not round itermediate
Blossom Corp. sells its goods with terms of 4/11 EOM, net 45. What is the implicit cost of the trade credit? (Do not round itermediate calculations. Use 365 days for calculation. Round answer to 2 decimal places, e.g. 12.25%.)
The implicit cost of the trade credit is ?? %
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Financial Markets And Institutions
Authors: Jeff Madura
9th Edition
1439038848, 978-1439038840
