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Chapter 21 Howes Inc. purchases $4,562,500 in goods per year from its sole supplier on terms of 2/15, net 50. What is the effective annual

Chapter 21 Howes Inc. purchases $4,562,500 in goods per year from its sole supplier on terms of 2/15, net 50. What is the effective annual percentage cost of its non-free (costly) trade credit? If the...

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