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You have talked to the company's main supplier about the credit term Keafer receives. The supplier has stated that it would be willing to
You have talked to the company's main supplier about the credit term Keafer receives. The supplier has stated that it would be willing to offer new credit terms of 2/15, net 53. What is the interest rate if you take the credit terms on all orders?
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To determine the interest rate associated with the credit terms of 215 net 53 we need to calculate the effective annual interest rate APR on the unpai...
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Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
5th edition
1259289907, 978-1259289903
