Question
Cost of Trade Credit What are the nominal and effective costs of trade credit under the credit terms of 4/10, net 40? Assume a 365-day
Cost of Trade Credit What are the nominal and effective costs of trade credit under the credit terms of 4/10, net 40? Assume a 365-day year. Do not round intermediate calculations. Round your answers to two decimal places.
Nominal cost of trade credit: %
Effective cost of trade credit: %
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Bankers Handbook On Credit Management
Authors: Indian Institute Of Banking & Finance
1st Edition
9387957853, 978-9387957855
