Question
Country Pumpkin General Store Co. owes $73,000 to one of its' suppliers. The supplier has offered a trade discount of 1.5/10 net 50. Their bank,
Country Pumpkin General Store Co. owes $73,000 to one of its' suppliers. The supplier has offered a trade discount of 1.5/10 net 50. Their bank, Big City Slicker Bank, will loan the funds for 40 days at an interest rate of 9.5% annually. Calculate the cost of forgoing discount ?
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Service Management Operations Strategy Information Technology
Authors: James Fitzsimmons, Mona Fitzsimmons, Sanjeev Bordoloi
8th Edition
978-1259010651, 78024072, 1259010651, 9780078024078, 978-0077841201
