Question
Crane Corp. sells its goods with terms of 4/14 EOM, net 30. What is the implicit cost of the trade credit? (Do not round itermediate
Crane Corp. sells its goods with terms of 4/14 EOM, net 30. What is the implicit cost of the trade credit? (Do not round itermediate calculations. Use 365 days for calculation. Round answer to 2 decimal places, e.g. 12.25%.)
| The implicit cost of the trade credit is ___% |
ch.14
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Modern Equity Investing Strategies
Authors: Anatoly B Schmidt
1st Edition
9811239495, 978-9811239496
