Question
Book Depot Inc. sells on terms of 2/10, net 60. What is the implicit cost of trade credit under these terms? Use a 365-day year.
Book Depot Inc. sells on terms of 2/10, net 60. What is the implicit cost of trade credit under these terms? Use a 365-day year.
Round the answer to two decimal places in percentage form.
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Financial Accounting An Integrated Statements Approach
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