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Kacie's has an average collection period of 23 days and factors all receivables immediately at a discount of .95percent. What is the effective cost of
Kacie's has an average collection period of 23 days and factors all receivables immediately at a discount of .95percent. What is the effective cost of borrowing? Assume that default is extremely unlik...
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
