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Suppose one of the suppliers to Seattle Health System offers terms of 3/20, net 60. a. When does the system have to pay its bills
| Suppose one of the suppliers to Seattle Health System offers terms of 3/20, net 60. | ||||||||
| a. When does the system have to pay its bills from this supplier? | ||||||||
| b. What is the approximate percentage cost of the costly trade credit offered by this supplier? | ||||||||
| (Assume 360 days per year.) | ||||||||
| Please show your work in excel or however you solved it so I can understand it. | ||||||||
| ANSWER | ||||||||
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Public Finance
Authors: Richard W. Tresch
4th Edition
0128228644, 978-0128228647
