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The Dithers Company's major supplier had been extending credit on Terms Of Trade 2/10 net 30. Dithers takes all discounts as a matter of policy.

The Dithers Company's major supplier had been extending credit on Terms Of Trade 2/10 net 30. Dithers takes all discounts as a matter of policy.

a. Please describe the Terms of Trade presented above. b. What is the Cost of Failing To Take the Discount for Dithers based on the Terms of Trade referenced above ? (Be sure to show all computations).

c.. How might Dithers' Balance Sheet change if the supplier switches to Terms of Trade Net 30 ? Explain.

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