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What is the implicit interest rate for an organization that takes a discount of 1/10 N/25 on a $13,000 invoice What is the implicit interest
What is the implicit interest rate for an organization that takes a discount of 1/10 N/25 on a $13,000 invoice
- What is the implicit interest rate for an organization that takes a discount of 1/10 N/25 on a $13,000 invoice?
- HINTS/HELP:
- See pages 184-185, Finkler Calabrese & Ward
- https://www.thebalancesmb.com/the-cost-of-trade-credit-accounts-payable-392835(Links to an external site.)
- https://www.accountingtools.com/articles/2017/5/13/cost-of-credit-formula
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Financial And Management Accounting An Introduction
Authors: Pauline Weetman
8th Edition
1292244410, 978-1292244419
