Question
Supposing that Apple Inc is presently offering terms of 2/15, net 75 and they have an average credit sale of $250000 and an opportunity cost
Supposing that Apple Inc is presently offering terms of 2/15, net 75 and they have an average credit sale of $250000 and an opportunity cost of capital of 13%. What is the net benefit (or cost) to Apple if one of their customers actually takes the discount terms? a. Benefit of $102.36 b. Benefit of $202.39 c. Cost of 102.36 d. Cost of $202.39
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Essentials Of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
9th International Edition
1259254801, 9781259254802
