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Piccirilli Manufacturing Company offers its customers credit terms of 3/15, net 30 to its customers. a. Identify a business purpose of offering such credit terms

Piccirilli Manufacturing Company offers its customers credit terms of 3/15, net 30 to its customers.

a. Identify a business purpose of offering such credit terms to customers.

b. Compute the annual percentage cost to Piccirilli Manufacturing Company by offering credit terms of 3/15, net 30 to its customers.

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