Question
When you are offered 2.5/10 net 30 credit terms from a supplier, what is the effective penalty if you take all 30 days to pay?
When you are offered "2.5/10 net 30" credit terms from a supplier, what is the effective penalty if you take all 30 days to pay?
about the same as a 46.7% annual rate
about the same as a 26.7% annual rate
about the same as a 31.1% annual rate
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
8th Canadian Edition
01259270114, 9781259270116
