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Kyle Corporation needs P150,000 to funds its increasing sales demand.The company purchased the goods on account on terms of 5/10, n/30. The company paid on
Kyle Corporation needs P150,000 to funds its increasing sales demand.The company purchased the goods on account on terms of 5/10, n/30.
The company paid on discount period and use their revolving fund as payment of accounts payable in which it has an opportunity cost of 30%. Compute the cost of funds.
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