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Goodison Distributors' normal credit terms to Lakewood Stores are 30 days but is prepared to allow a 3.2% discount if Lakewood Stores pays the account
Goodison Distributors' normal credit terms to Lakewood Stores are 30 days but is prepared to allow a 3.2% discount if Lakewood Stores pays the account within 5 days. Calculate the cost to Lakewood Stores of not accepting the discount. A. 45.8% B. 39.6% C. 51.2% D. 48.3%
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