Question
The expression 3/10, net 45 means that the customers receive a 3% discount if they pay within 10 days; otherwise, they must pay in full
The expression "3/10, net 45" means that the customers receive a 3% discount if they pay
within 10 days; otherwise, they must pay in full within 45 days. What would the seller's cost of
capital have to be in order for the discount to be cost justified.
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Accounting For Business
Authors: Peter Scott
3rd Edition
0198807791, 978-0198807797
