Question
Computer Depot Inc. sells on terms of 3/15, net 40. What is the implicit cost of trade credit under these terms? Use a 365-day year.
Computer Depot Inc. sells on terms of 3/15, 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.
(a.38.15%; b.22.58%; c.15.47%; d.15.28%)
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A Guide To Starting Your Hedge Fund
Authors: John Thompson, Erik Serrano Berntsen
1st Edition
0470519401, 978-0470519400
