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Show in Excel please! A firm buys on terms of 2/8, net 45 days, it does not take discounts, and it actually pays after 58
Show in Excel please!
A firm buys on terms of 2/8, net 45 days, it does not take discounts, and it actually pays after 58 days. What is the effective annual percentage cost of its non-free trade credit? (Use a 365-day year.) Terms of trade 2/8, net 45 discount% discount days days of credit Nominal cost of trade credit Days of costly credit Effective cost of trade credit Step by Step Solution
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