Question
You place an order for 1,400 units of Good X at a unit price of $51. The supplier offers terms of 3/20, net 45. If
You place an order for 1,400 units of Good X at a unit price of $51. The supplier offers terms of 3/20, net 45.
If you don't take the discount, how much interest are you paying implicitly?(Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
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Public Finance A Contemporary Application of Theory to Policy
Authors: David N Hyman
11th edition
9781305474253, 1285173953, 1305474252, 978-1285173955
