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What is the annual cost of trade credit when the terms are 1/10, net 30? Assume a year has 360 days. a. 12.1% (rounded) b.
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What is the annual cost of trade credit when the terms are 1/10, net 30? Assume a year has 360 days.
a. 12.1% (rounded)
b. 12.3% (rounded)
c. 18.2% (rounded)
d. 18.4% (rounded)
What is the annual cost of trade credit when the terms are 1/10, net 30? Assume a year has 360 days.
| a. | 12.1% (rounded) | |
| b. | 12.3% (rounded) | |
| c. | 18.2% (rounded) | |
| d. | 18.4% (rounded) |
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Financial Performance
Authors: Marc Bertoneche, Rory Knight
1st Edition
0750640111, 978-0750640114
