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Fairfields Foundations buys on terms of 2/10 net 30. It does not take discounts, and it typically pays 60 days after the invoice date. Net
Fairfields Foundations buys on terms of 2/10 net 30. It does not take discounts, and it typically pays 60 days after the invoice date. Net purchases amount to $830,000 per year. What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year? O A. 10.86% O B. 14.90% O C. 16.55% OD. 12.07%
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