Question
Book Depot Inc. sells on terms of 2/15, net 40. What is the implicit cost of trade credit under these terms? Use a 365-day year.
Book Depot Inc. sells on terms of 2/15, net 40. 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. (Write the percentage sign in the "units" box)
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Dark Finance
Authors: Fabio Mattioli
1st Edition
1503611655, 978-1503611658
