Question
Study the information given below and calculate the cost (as a percentage, expressed to two decimal places) to Oudtshoorn Stores of not accepting the discount.
Study the information given below and calculate the cost (as a percentage, expressed to two decimal places) to Oudtshoorn Stores of not accepting the discount. (4 marks) INFORMATION Jimbo Wholesalers credit terms to Oudtshoorn Stores are 60 days but the supplier is prepared to allow a 2.5% rebate if Oudtshoorn Stores pays the account within 12 days.
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
6th Edition
978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895
